Our Illinois state’s fearless leaders have long taxed alcohol and tobacco. Almost three decades ago they decided voters like to gamble so they allowed riverboat gambling so they can tax it.
They got lots of campaign money and allowed medical marijuana so it could be taxed. It is still nationally illegal and all its actual medicinal value can be had with hemp and THC stripped marijuana.
Now they want to tax high potency recreational marijuana for taxes. They use Colorado as their example. It made lots of money but cost more in ER visits, car insurance, etc. to the state and people. The tax is now so high that illegal marijuana is cheaper.
They tax almost all forms of transportation so walking is probably next – maybe two cents a step? I know many of us want to put our two cents into the discussion on taxes.
Blackmarket weed sales will still be cheaper, yes. But people will still go to a store to purchase it for the convenience. Colorado taxes (I believe) 40% on marijuana sales. But the dispensaries are doing a-ok. The Colorado education system has more money than it knows what to do with. Maybe instead of just trying to get out of paying all the pensions that are legally binding contracts, we could actually afford them with the added tax revenue from marijuana sales. Granted… You’d have to put faith in the il gov to make sure the revenue is used properly. But that’s a problem to solve another day! Lol