Find Your Daily Voice
Shelton
Your Local News for Shelton, Connecticut
Saturday, may 25
66°
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Real Estate
Tags
Jobs
Shop
Support Us
Shelton
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Real Estate
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2024 Cantata Media
66°
Saturday, may 25
Tag:
Economic Analysis
Business
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…