Partly Cloudy 39°
Tag:

Fred Carstensen

Business
Recreational Marijuana Could Raise $1 Billion For Connecticut Recreational Marijuana Could Raise $1 Billion For Connecticut
Recreational Marijuana Could Raise $1 Billion For Connecticut Connecticut could collect nearly $1 billion in taxes over five years if the state were to legalize recreational marijuana, according to a new University of Connecticut report. A study by UConn’s Center for Economic Analysis estimated that in five years of recreational sales Connecticut could collect anywhere from $784 million to $952 million in new taxes, according to the Hartford Courant. Since the COVID-19-fueled recession has hit the U.S., many states are looking at new ways to raise tax revenue. Lead study author Fred Carstensen said that in addition to raising taxes, welcoming the re…

SHARE

by Kristin Palpini