Vermont could follow Colorado in raking in millions of tax dollars from the sale of weed, according to a new study—but only if the drug remains illegal in surrounding states.

To be clear, weed is currently legal in Vermont, but only for medical purposes. A bill to make the drug legal for recreational purposes is expected to come before the state legislature sooner rather than later, however—and, thanks to the results of this study, maybe even sooner than that. The Rand Corporation’s 218-page report, commissioned by the state of Vermont, found that “under a scenario in which Vermont legalized marijuana, taxed aggressively, suppressed its black market, and consumption increased by 25 to 100 percent, tax revenues from sales to Vermont residents could be in the range of $20 million to $75 million annually.”

Click here to read the entire article on Fast Company.


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