Excerpt from Ganjapreneur quoting DataTrek co-founder Jessica Rabe:
…. “While COVID-19 has shaken the global economy, local government bodies are also bracing for extreme revenue shortfalls in the months to come. Business analysts from DataTrek Research believe that the pandemic, however, could lead to the acceleration of state legalization efforts.
“There’s a simple and effective solution for states and cities to help cover their huge budget shortfalls after the COVID-19 pandemic subsides: legalize recreational sales of marijuana.” — Jessica Rabe, co-founder of DataTrek Research, in a written statement
“We’ve been thinking a lot about how life will change post-virus, and one big difference will be that state and local governments are going to encounter large unexpected tax receipt shortages,” Rabe wrote. “That’s particularly true when it comes to sales and income taxes amid stressed consumer balance sheets and massive layoffs. And unlike the Federal government, states can’t print unlimited amounts of money”….
Read the full article here on Ganjapreneur!