Someone asked how much cannabis revenue North Carolina could bring in.
I could start thinking about an estimate with $350 million per year, fully phased in, for adult-use.
To start with, it’s useful to think of tax revenue and monopoly revenue as interchangeable. The state can charge whatever the market will bear. It can charge zero in taxes and take all the money as monopoly profits, or it can get all the money as taxes and take zero as monopoly profits.
Caveats: I think it’s useful to acknowledge that there’s a lot of money that needs to be spent up front, that it takes a while for the revenue to start rolling in, and that revenue builds up slowly.
With a population of over 10 million people, that $350 million for North Carolina is less than $35 per capita per year. Here are some comparisons, all verbatim from Claude A.I, which can be wrong.:
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