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Can Taxing Marijuana Save Kentucky?

By Stephen J. Isaacs, Esq.

In this challeging economy, a Lexington Kentucky attorney has a solution for Kentucky's budget crisis: legalize and tax marijuana.  In a prepared statement, Attorney Gatewood Gailbraith, former political candidate for governor of Kentucky, states that Kentucky is looking for new sources of taxation and seems bent on adding a "sales tax" on services including our legal fees. However, he points out that "there is a much larger source of revenues lying untapped which will keep them out of our pockets and solve our budget problems for years to come."  Galbraith's solution, tax marijuana. In a letter to Steve Beshear, Galbraith argues that Kentucky should take advantage of this opportunity by studing ways to tax and regulate cannabis (marijuana and hemp) so as to help Kentuckians...continue to full post

Full post as published by Kentucky DUI Defense Lawyer on July 31, 2009 (boomark / email).