Montana has fallen victim to a COVID-19 pandemic, and the state is projected to collect more than $1.5 billion in tax revenue from marijuana sales by 2020.
The downturn has drastically reduced the government's tax base, which depends on income tax for the general fund, affecting individuals "and households" purchasing power. If Montana residents vote to legalize, regulate, and tax recreational marijuana, they will benefit from $236 million in tax revenue. CI 118 and I-90 are complementary ballot initiatives that, if adopted, will legalize and regulate marijuana for adults 21 and older.
The introduction of a 20 percent tax on marijuana products will fund services and programs that benefit Montana residents, and half of the money will be used to support those programs. We urge Montana to vote "yes" to counter the economic impact of COVID-19 and to promote a stronger, safer, and more resilient state.