Legalizing medical marijuana is something the General Assembly has debated over the years.
Legalizing medical marijuana is something the General Assembly has debated over the years, with bills even passing both the House and Senate, but no final deal reached. It’s an industry that could bring millions of dollars to the state.
WHAT WE FOUND
Senate Bill 3 also known as the NC Compassionate Care Act breaks down the potential fiscal impact of legalizing medical marijuana in the state.
The bill estimates the state could make $15.1 million in the next fiscal year if medical marijuana was legalized. This would mostly come from patient and caregiver card application fees, with the state also getting 10% of the gross revenue. By 2028 that number could jump to $44.4 million.
A Meredith poll conducted back in February shows almost 75% of respondents favored legalizing medical marijuana with majorities in every demographic supporting the effort.
Legalizing recreational marijuana could …