Concern Growing That Short Supply Of Pot Could Be Long-Term Dispensary Problem – CBS Chicago

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debtsor
4 years ago

Jabba expects $170,000,000 year in sales tax from cannabis. Let’s see, at 11 mil a week, at PEAK demand, with lines that are hours long, and they ran out of supply, times 50 weeks is $572,000,000 in sales, and assuming, optimistically, 33% taxes that’s $190,000,000 in revenue. So yeah, maybe. But that assumes crazy, line out the door waiting every day, 7 days a week, 365 days a year to reach $500,000,000 in gross revenues, at the current stores. Sure they’re supposed to approve more dispensaries, but we’ll see, we’ll see. Everything seems too optimistic.

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