excise tax


Legalization

State fiscal estimates reveal potential annual tax revenues from cannabis legalization exceeding $165 million

June 14, 2019 - The Wisconsin Department of Administration's Division of Executive Budget and Finance has released new fiscal estimates showing that if AB220, sponsored by Rep. Melissa Sargent (D-Madison) is enacted, there will be an annual increase in state revenues exceeding $165 million. https://docs.legis.wisconsin.gov/2019/related/fe/ab220/ab220_DOR.pdf The department obtained the figures using data from the...