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Millions in Revenue Anticipated from Legalizing Marijuana in Delaware

Report Details

Submitting OIG: 
State of Delaware Auditor of Accounts
Report Description: 
The State of Delaware is missing out on millions in tax revenue by not taxing and regulating marijuana – money that could be used to plug budget holes in the immediate term and continue to provide revenue in future years. Marijuana legalization saw the light of day in the Legislature over the years, but this year public opinion stands at an all-time high. With nearby states like New Jersey, Pennsylvania, New York, and Virginia on the cusp of legalization and implementation, Delaware should apply the same consideration. Inaction doesn’t reward us with curbed usage but will prevent us from realizing economic benefits and the $43 million that could be available if Delaware were to devise a responsible regulatory framework. It's time to legalize it.
Date Issued: 
Monday, January 25, 2021
Agency Reviewed / Investigated: 
State of Delaware
Location: 
DE
United States
Type of Report: 
Other
Professional Standard: 
GAO's Yellow Book, Generally Accepted Government Auditing Standards (GAGAS)
Report File Link: 
https://auditor.delaware.gov/wp-content/uploads/sites/40/2021/01/Marijuana-Speci…

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