HOUSTON, Texas -- Money talks or laughs, if you're smoking something funny. Nerdwallet, a personal finance website, says Texas could collect more than 166 million dollars in taxes if recreational marijuana were to be legalized.
Some might even say that estimate of $166 million is pretty conservative, considering that alcohol consumption brought in almost $1 billion in taxes in 2013. So, how much green can we rake in, if we give the green light to the green leaf?
Colorado is expected to take in $60 to $70 million this year from pot sales. And now the issue is up for vote in Alaska, Florida, Oregon and Waghington, D. C. Texas probably has a long way to go, though, but there's still hope. In this region everybody likes higher profits, and that's no tracking joke.