'Recreational marijuana could mean $375 million per year in Ohio taxes, OSU researchers say' by Jake Zuckerman, Ohio Capital Journal
"The study, released just in time for America’s annual, informal marijuana celebration day Wednesday, uses tax estimates from an initiated statute effort to legalize marijuana in the state, possibly via the November 2022 ballot.
The study pairs tax rates (10% in addition to Ohio’s 5.75% state sales tax) from the organizers’ proposal, population growth estimates, and year-over-year revenue data from six other states (Michigan, Illinois, Nevada, Oregon, Washington and Colorado) with recreational programs to make projections for Ohio.
Depending on the bullishness of growth estimates and product pricing, the researchers estimated the state will earn somewhere between $276 million to $375 million by the fifth year of operation."
https://www.rawstory.com/recreationa...searchers-say/
Gives new meaning to O-High-Yo.