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Re: [tcCannabisClub] Marijuana as an economic development tool

From: Randy Q.
Sent on: Saturday, January 7, 2012 9:52 PM
Bill - I am curious how you estimated the financial & employment numbers that you cite in your email.  The last numbers that MN NORML was able to access showed criminal justice system savings of approximately $150M/yr.  I guess the real question is how musch revenue would be generated by the state with a regulated cannabis market.  Are you familiar with a study done by the Washington State Liquor Control Board.  They completed a study that estimated revenues of approx. $300M/yr.  $300M/yr of revenue & $150M/yr of savings approaches 1/2 billion $ (quite impressive in and of itself,) but not quite the billion that you cite.  Just wondering if you have any data or stats that you're basing the billion on?  Thanks, Randy

On Jan 6, 2012, at 4:04 PM, W. D. (Bill) Hamm wrote:

To all;
Consider this, not only would legalization bring about a Billion dollars into the economy, but it would create at least 15,000 private sector jobs while eliminating about 1200 public employee jobs. Those public employee losses would be prison guard's, local police, and prosecutorial personnel. These public employee jobs are what is keeping the public employee leadership of the DFL from helping us, but in the present environment it works in our favor. This could be the single biggest permanent employment package before the public this fall.
Bill Hamm

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