More States Allocating Cannabis Tax Revenue For Social Equity


credit: Wikipedia

Washington is one of several states that have set aside monies from marijuana tax proceeds to support social equality initiatives. Gov. Jay Inslee wants $125 million per year to be allocated to areas that are experiencing social and economic inequities as a result of drug-related punishments. Funds will be sent directly to areas that have been struck the hardest, particularly those populated by people of color.

For example, in New York, 40 percent of the tax income from cannabis sales will be sent to minority neighborhoods that have had a disproportionate number of marijuana arrests in the last decade. The state legislature of Washington has budgeted $125 million for social equality projects in the cannabis business, according to reports.

The purpose is to guarantee that a particular amount of license holders and workers come from underrepresented groups, such as women and veterans, to achieve this goal. Restorative justice funds in Illinois have benefited civil legal assistance, economic development, reintegration, and youth development, with millions of dollars in tax monies going to these causes. Read the Entire Article


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