Home»Business»San Antonio Business Journal readers want marijuana legalization

San Antonio Business Journal readers want marijuana legalization

cannabis stock photoAn informal, non-scientific poll conducted by the San Antonio Business Journal currently shows that 79 percent of poll participants believe the legalization of marijuana could be an important source of tax revenue for state and local governments.

Last week, the news outlet asked readers whether Texas should consider legalizing recreational cannabis. What prompted the question was a NerdWallet study which suggested that Texas could pull in an additional $166 million in sales tax revenue annually by legalizing and taxing cannabis. Nationwide, the U.S. could generate an additional $3 billion in various taxes.

The Journal reported earlier today that support was at 59 percent, however the stats have gone up dramatically since then.

Polling on the subject will be open until noon on September 30.

Polls both nationwide and in Texas peg support for marijuana legalization at 58 percent, with support for medical marijuana reaching almost 80 percent.

Three bills will be introduced to the Texas legislative session in 2015 seeking medical marijuana, full legalization, and reduced penalties for possession.

Stay up to date with the latest cannabis news from a Texas perspective by following our social media pages.

Email us at TXCann@gmail.com
Listen to our podcast at txcann.podomatic.com

The following two tabs change content below.

Stephen Carter

Stephen Carter is a journalist and information technology specialist living in Waco, Texas. He has been working with the cannabis movement since 2009. He founded Texas Cannabis Report in 2013 to bring Texans accurate cannabis related news.

Latest posts by Stephen Carter (see all)



Previous post

Reverend Horton Heat sparks it up in Temple, Texas

Next post

Pro-marijuana Texas governor candidate excluded from public TV debates