Don’t count on tax revenues from legal marijuana sales, study says. Locals say balderdash. – The Philadelphia Inquirer

Recreational Cannabis Research

The report, “Forecasts Hazy for State Marijuana Revenue,” throws shade on sunny estimates. It stresses that revenues from so-called sin taxes are “notoriously volatile and difficult to predict, even when the taxes — such as those on cigarette, liquor, or gambling — have been around for decades.”