Marijuana Proposal As Pension Fix
A state lawmaker said he will file a bill that would legalize the production, sale and consumption of marijuana for adults in Kentucky as an effort to get more tax revenue for the state’s ailing pension systems.
Sen. Dan Seum, a Republican from Louisville, said that lawmakers have been unwilling to seek out new sources of revenue so far but “desperation might change that.”
“We ought to be looking at creating new sources of revenue before we start looking at new taxes,” said Seum, who is the Senate Majority Caucus Chair.
“There would be a tremendous job opportunity in this.”
Seum said his proposal would create a licensing process for marijuana growers and retailers. He estimated the legislation would create about $100 million per year in tax revenue for the state.
Read more: http://wfpl.org/state-senator-floats-legal-marijuana-proposal-as-pension-fix/
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