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Message: <blockquote data-quote="Davy Crockett" data-source="post: 352068" data-attributes="member: 367">Don't fall for the way it's worded on the bill .    The rinos said it was impossible to estimate the tax revenue so they left that out.  <table style='width: 100%'><tr><td><table style='width: 100%'><tr><td>The estimated fiscal impact of this measure beginning in 2023 through the 2025-2027 Biennium is Revenue of $3,145,000 and Expenses of $4,985,000. YES – means you approve the measure summarized above. NO – means you reject the measure summarized above.<a href="https://ballotpedia.org/North_Dakota_Statutory_Measure_2,_Marijuana_Legalization_Initiative_(2022)#cite_note-quotedisclaimer-8" target="_blank">[8]</a></td><td>”</td></tr></table></td><td></td></tr></table>    I have no idea how close they are but the organizers of the measure claim.   Montana legalized cannabis in 2020 and is <a href="https://mtrevenue.gov/cannabis-sales-reports/" target="_blank">on pace to generate nearly $600 million in revenue</a> for the biennium (2 year budget). They are just getting started. Montana is closest in population to North Dakota with roughly 29% more people. If you adjust for population (29% less people) and use a similar 20% tax rate, North Dakota should be a $425 million dollar biennial industry and generate nearly $85 million in tax revenue for the biennium. For reference, the Prairie Dog Fund is roughly $250 million. Obviously this is ballpark math but we think it's a reasonable conservative estimate. Also a $200+ million dollar annual industry would rank in the top 20 for the state. Initially, only sales tax will apply but the legislature will be in charge of adding any additional taxes, like they proposed in 2021. What if we used this revenue to reduce taxes?</blockquote>

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