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Is Your City's Pension Fund a Little Short? Marijuana Excise Taxes Might Help
The Wall Street Journal; subscription may be required 
Feb. 4, 2020 "South Beloit, Ill., faces steep bills to fund its firefighter and police pensions and repave its cracked streets. ... [The city, which is] less than a mile from the Wisconsin state border, will welcome its first cannabis dispensary later this year. Recreational cannabis became legal in Illinois on Jan. 1 but remains illegal in Wisconsin. The Illinois town hopes to collect roughly $1 million a year in taxes on marijuana purchases, mostly by Wisconsinites." MORE >> |
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