- American Cannabis Report Editorial Staff
Lawmakers Believe Cannabis Revenues Can Help Fix Illinois' "Spectacular Failure"
"This month, with the state Legislature extending a budget impasse into the third year, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability issued an 86-page report on why the proposed budget from Gov. Bruce Rauner won’t work.
"They deemed state leaders’ work on the issue a “spectacular failure.”
But, "tax revenues generated by legalized marijuana, plus shedding the huge costs of arresting and jailing nonviolent offenders, are powerfully appealing to fiscally beleagured states.
"...projected marijuana tax revenue of somewhere between $350 million and $700 million could provide services to those most hurt by the budget impasse, including the elderly, ill and colleges that “are leaking students and staff.”