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Recreational marijuana tax revenues are highly unpredictable

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Tax revenues generated by the legal recreational marijuana industry are highly unpredictable because of the lack of reliable data, according to a report released Monday by The Pew Charitable Trusts, an independent nonprofit organization. Uncertainties regarding sales, prices and demand make projections difficult, according to the report. The study focuses on why states need to be cautious about viewing MJ tax revenues as a stable funding source. "The biggest hurdle for states is the lack of r...

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