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A legal marijuana program could mean substantial revenue for Florida, according to Smart & Safe Florida, the group behind the ballot measure to legalize cannabis, otherwise known as Amendment 3, for adults.
At a roundtable this week in Tampa, the organization quoted economists who estimate that legalizing marijuana could generate between $195 million and $431 million annually in sales tax revenue, proving a significant boost to the state’s economy. Florida is not unique either. Other legal weed states are doing it to the tune of $20 billion in tax revenue.
Sean Shaw, a local attorney, pointed out that this revenue could address various critical needs.
“There’s infrastructure need, there’s education need, there’s behavioral studies need, there’s mental health funding, there’s juvenile justice issues,” he said.
Young Republicans Say Yes, DeSantis Says No Way
Jake Hoffman, a business owner and executive director of Tampa Bay Young Republicans, is also on board with legalizing cannabis for adults in Florida.
“If this money is able to offset even just a little bit and put more money back directly into the average Floridian’s pockets, then I’m for that,” he said.
Despite these benefits, Governor Ron DeSantis vehemently opposes the initiative, expressing concerns over the broad language of the amendment,
