Taxing Marijuana: February 5 Infographic

By OCC Staff

Taxes on marijuana? There is a lot of money being made in this world already on the taxation of cannabis. There are nations like Uruguay and Israel taking a new approach on the substance and bucking the status quo on marijuana policy in their country. Many states have legalized medical marijuana in America, and many more will follow in the coming months and years.

This interesting graphic from Turbotax shows just how prevalent the cash is from taxes. In the end, the US spends 12 billion prosecuting marijuana crimes, which is a real shame. Hopefully the feds will move, but with the new administration, we aren’t holding our breath.

Original Graphic: http://blog.turbotax.intuit.com/taxes-101/how-much-could-the-government-make-by-taxing-pot-3498/