Study: Legal weed doesn’t provide ‘value’ for roughly a third of metro, rural counties

(The Center Square) – A new study weighs the pros and cons of recreational marijuana for Illinois counties.

The analysis, entitled “The Costs and Benefits of Recreational Cannabis Legalization in Illinois,” examines the “value” of cannabis to Illinois counties since the state legalized marijuana in 2020.

Costs, the denominator of the equation, was measured as health-care costs for combating cannabis use disorder among the population. The analysis compares treatment costs to tax revenues to determine if getting into the marijuana business was worth it.

“An average, annual per person cost to treat a person with cannabis use disorder is around $1,700,” researcher Adee Athiyaman of the Illinois Institute of Rural Affairs said.

Research indicates that 10% of the people who have ever smoked marijuana become addicted to the drug.

- Advertisement -

The typical or median cannabis tax revenue for the metro region is just over $991,000. The median tax revenue for a rural non metro area is $209,000, one-fifth of the metro value.

Athiyaman adds that if treatment costs are running too high, then a public service campaign may be in order.

“The trying behavior should be stopped and that means education at a very young age starting from junior high,” Athiyaman said.

The study suggests that recreational cannabis legalization doesn’t provide “value” for 35% of the metro counties and one-in-three of rural counties.

Illinois takes in more tax revenue from marijuana than any other state but California, pulling in $562 million last year.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Veteran Actor T.K. Carter Dies at 69

LOS ANGELES (AURN News) — According to the Associated...

Another lawsuit before Texas Supreme Court over Texas Heartbeat Act

(The Center Square) – Another lawsuit is before the...

Democratic candidate for governor among Wisconsin’s anti-ICE chorus

(The Center Square) – Democrats in Wisconsin are joining...

Parties move to nominate candidates in Senate District 39

(The Center Square) – Democrats and Republicans are moving...

Report: 10% of top 100 high schools in US are in Texas

(The Center Square) – Ten percent of the top...

One year in, a ‘ho-hum’ jobs report

December’s jobs data changed little from November, rounding out...

Off-Duty ICE Agent Fatally Shoots Keith Porter Jr.

(AURN News) — An off-duty Immigration and Customs Enforcement...

Everyday Economics: A stalled labor market and why the next data points matter

Last week’s jobs report wasn’t a “good” report, but...

More like this
Related

Veteran Actor T.K. Carter Dies at 69

LOS ANGELES (AURN News) — According to the Associated...

Another lawsuit before Texas Supreme Court over Texas Heartbeat Act

(The Center Square) – Another lawsuit is before the...

Democratic candidate for governor among Wisconsin’s anti-ICE chorus

(The Center Square) – Democrats in Wisconsin are joining...

Parties move to nominate candidates in Senate District 39

(The Center Square) – Democrats and Republicans are moving...