A new report puts a price tag on what Iowa might reap in tax revenues every year if the state legalized marijuana. The financial website NerdWallet-dot-com took the data from an anonymous health survey that found about four-percent of Iowans over age 25 said they’d smoked pot in the past month. Based on Iowa’s population, that’s about 84-thousand users.

From there, the report’s writers mirrored what Colorado has done and figured in a 15-percent excise tax on all marijuana sales. The final tally exceeded 24-million dollars which the website claims Iowa could generate in taxes each year by making pot legal. Nationwide, the figure exceeds three-billion.

(Radio Iowa)