Saddler: ‘Unintended consequences’ with legal pot
House majority members on Thursday were asked about the potential in tax revenues for the state should voters approve an initiative this summer legalizing the recreational use of marijuana.
No member answered the tax question directly, but Eagle River Rep. Dan Saddler said he worries about social costs.
He’s encouraging Alaskans to consider the “unintended consequences” when deciding how to vote.
Colorado’s governor, in a budget proposal Wednesday, estimated sales and excise taxes of nearly $100 million on marijuana next fiscal year, above the estimate of $70 million a year given to voters when they approved the tax. Colorado is one of two states that has legalized recreational use of marijuana.
The Alaska initiative would make pot possession legal for adults 21 and older and establish an excise tax.