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Metropolitan DC Local Politics
Reply to "Impact on city revenue?"
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[quote=Anonymous]Weed isn’t a magic money tree. The only place that has made money off of it is Colorado, and even then it is jurisdiction dependent. If you look at California, and revenue is well below expectations and declining, because unsurprisingly, when you tax and regulate a previously untaxed and unregulated market, it declines. Just like any other commodity. If we remove what the product is for a second, you’re basically suggesting a type of retail small business, in an environment that is hostile yo retail small business. Unless you’re suggesting it’s addictive, which I assume you aren’t, marijuana isn’t some magical drug (you can’t have it both ways). Moreover it should be telling that the places talking about the promises of pot, all have financial issues and are looking for a get out of jail free card. It doesn’t matter how much money you give them, they’ll eventually waste it, and ask for more.[/quote]
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