grand canyon institute

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Arizona: DEA Agent Echoes Message of Billboard Supporting Marijuana Initiative

Arizona-CRMLA-Buy-American-Billboard.jpg

The Independence Day-themed ad highlights benefits of regulating and taxing marijuana in Arizona: ‘Adults could buy American and support schools, not cartels’

A 23-year veteran of the U.S. Drug Enforcement Administration (DEA) who spent years investigating Mexican drug cartels is throwing his support behind the initiative to regulate marijuana like alcohol in Arizona and echoing the message of a billboard supporters launched this week at Tempe Marketplace.

“If Arizona regulates marijuana, adults could buy American,” reads the Independence Day-themed ad, instead of buying marijuana that has been illegally smuggled across the Mexican border into Arizona.

It also notes that revenue from regulated marijuana sales would “support schools, not cartels.” The proposed initiative would initially generate $64 million in annual state tax revenue, including $51 million for K-12 education and all-day kindergarten programs, according to an independent study conducted by the Grand Canyon Institute.

Arizona: 4th of July Themed Billboard Highlights Benefits of Marijuana Legalization

Arizona-CRMLA-Buy-American-Billboard.jpg

Backers of the ballot initiative to end marijuana prohibition in Arizona have launched an Independence Day-themed billboard to highlight the benefits of regulating and taxing marijuana.

“If Arizona regulates marijuana,” the billboard reads, “adults could buy American,” instead of buying marijuana that has been illegally smuggled across the Mexican border into Arizona. The ad also notes that revenue from regulated marijuana sales would “support schools, not cartels.”

The proposed initiative would initially generate an estimated $64 million in annual tax revenue, including $51 million for K-12 education and all-day kindergarten programs, according to an independent study conducted by the Grand Canyon Institute.

Arizona: Marijuana Tax Revenue Would Likely Exceed Initiative Backers' Estimate of $40 Million

J.P.Holyoak[AZCapitolTimes]

An independent Arizona-based research organization on Tuesday reported a proposed 2016 ballot measure to regulate and tax marijuana like alcohol would likely raise more revenue for education in Arizona than initiative backers originally estimated.

According to the Grand Canyon Institute, a “centrist think-thank led by a bipartisan group of former state lawmakers, economists, community leaders, and academicians,” tax revenue from the initiative would initially generate $64 million annually, including $51 million for K-12 education and all-day kindergarten programs. It estimates that by 2019, once the new system is fully rolled out, it would raise $72 million per year, including approximately $58 million for public education.

The Campaign to Regulate Marijuana Like Alcohol on August 19 announced that it had conservatively estimated that the initiative would raise more than $40 million in tax revenue for public education in Arizona. The estimate was called into question by opponents, and the Arizona Republic published an editorial in which it called the estimate a “lie” and accused the campaign of exaggerating the initiative’s revenue potential.

“The Grand Canyon Institute…finds that the revenue projections were conservative as proponents claimed,” the report reads. “The revenue gains do exceed the $40 million espoused by proponents of the initiative.”

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