Yahoo Finance: “How Legalizing Cannabis Could Ease Government Shortfalls Once Coronavirus Pandemic Is Over”By admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek co-founder Jessica Rabe:
.... "A possible explanation could be attributed to a report issued by DataTrek Research's Jessica Rabe.
In the report, the analyst said cannabis legalization could help cover a significant portion of the revenue shortfalls that will be created by pandemic subsidies.
“Unlike the federal government, states can’t print unlimited amounts of money,” Rabe said.
It’s logical to expect that after the pandemic, state and local governments will face massive shortages in tax revenue brought by decreased commercial activity and a rise in unemployment.
For Rabe, the best solution for states is to legalize and tax cannabis sales in order to create a new stream of strong, reliable revenue"....
Read the full article here in Yahoo Finance!