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How tax reform could push more states to legalize marijuana

The GOP tax bill eliminates the state and local tax deduction known as SALT. This could push rich residents out of state and lower local tax revenues. To make up for the deficit, states could look to legalize weed.

Over the past few decades, the two statements most associated with the Republican Party are probably “No new taxes” and “Just say no.”

Most Republican lawmakers believe that more money should remain in people’s pockets and less in government coffers (lower taxes).

They also believe the way to deal with illegal drugs is through aggressive enforcement, prosecution and abstinence (Attorney General Jeff Sessions has gone so far as to say that anyone who uses marijuana is a “bad person”).

Read More at CNBC.com



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