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Legal pakalolo (Marijuana) could bring in $33M
By Craig Gima
cgima@starbulletin.com

Legalizing marijuana would generate up to $33 million a year in tax revenue and savings, according to a study by a University of Hawaii-West Oahu professor.

UH-West Oahu economist William Boyd analyzed enforcement and court costs of current laws and estimated that the state and counties spend $9 million to $10 million annually on marijuana cases.

Using cigarette and alcohol tax revenues, Boyd also calculated that the state could see between $4 million and $23 million in tax revenue if marijuana were legalized and taxed.