Niforatos: Debunking the myth: Every dollar of marijuana tax revenue is associated with $4.50 in costs

Those who have been following the legalization of marijuana have likely heard the familiar industry refrain that commercializing the drugs will generate a mound of tax revenue for state governments starved for cash. As legal weed marks a decade, the data tells a much different tale.

This trend is not unique to Colorado, as marijuana accounts for a nearly negligible share of budgets in states across the nation and is outweighed by numerous costs.

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