Marijuana industry

The governor cited budget and social justice benefits from a measure to legalize cannabis, which officials say could bring in $600 million of new revenues.

One example of the growth of the industry is the nearly tenfold increase in Colorado’s marijuana tax revenue to $250.7 million in 2018 from $25.3 million in 2014.

Rhode Island's governor is asking lawmakers to forward $269 million worth of initiatives to voters.

In Massachusetts, cannabis regulation fuels a corruption investigation; in Rhode Island, it pits the executive branch against the legislature.

Jasiel Correia II, accused separately of shaking down marijuana vendors and defrauding investors, still finished a distant second in the Fall River race.

Fall River Mayor Jasiel Correia II pleaded not guilty in Boston to charges of extorting state-licensed marijuana vendors for six-figure bribery amounts.

Researchers at the Pew Charitable Trusts warn local governments that cannabis revenue flows are uncertain.

States struggle to reap the full benefits of the multibillion-dollar legal marijuana industry becuase of conflicts with federal law.

Deputy Governor Dan Hynes says the recent legislative session put the state on an "upward trajectory," but underfunded pensions dog the state.

Lawmakers authorized more than $23 billion of borrowing and approved a $45 billion six-year capital plan.

New Jersey Gov. Phil Murphy and a coalition of state lawmakers agreed to legalize recreational marijuana in a package that sets out tax rates.

Revenue from taxes on legal marijuana has not reached the point of being able to support bonds, industry observers say.

In addition to the local bond measures, voters will also decide seven governor's races and a Missouri fuel tax.

As New Jersey considers legalizing recreational marijuana, cities want a piece of the revenue pie.

The study adds to the growing body of findings by think tanks and credit rating agencies that highlight the pitfalls states face when considering new taxes on e-cigarettes and marijuana because of the changing habits of American consumers.

Moody's sees minimal, but still credit positive, revenue effects for governments that tax legal cannabis.

Tax rates on marijuana could equal 45% of the price, according to Fitch Ratings.