Revenue from marijuana?
Not so fast.
Local retail taxes will weaken.
Local producer taxes will vanish.
State taxes will fail when federal legalization stops anti-import rules. http://thehill.com/opinion/finance/372396-how-tax-competition-can-threaten-marijuana-revenue
Thanks to Steve Davenport and Bryce Pardo for very helpful comments on an earlier draft.
This article on thehill website shows 2 shares, versus 3,843 shares for an article I wrote in 2017 about federal taxation of cannabis. My editor at thehill.com, the very capable Cathryn Kulat, says the share counter doesn’t work right these days.
Good placement online at first posting, at 4 p.m. on 6 February 2018: