Credit: Virginia could net more than $300 million per year in tax revenue if the state were to legalize recreational marijuana, according to a report released Monday by Virginia's legislative watchdog agency. According to the report, it would take five years to reach that mark. It determined that legalizing marijuana could lead to the creation of more than 11,000 jobs and reduce arrests in the state by 84%.

Legalizing pot could bring Virginia $300 million in tax revenue

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