According to the Tucson Weekly, Arizona Rep. Ethan Orr is looking at Colorado’s recent marijuana venture and the taxes, licenses, and fees that have brought the state more than $7 million so far.
As reported by the Arizona Republic, the Arizona revenue projections released last Tuesday to the legislature’s Finance Advisory Committee predict that the state will end this budget year with a $520 million deficit and possibly up to a $1 billion deficit in the coming fiscal year of 2016.
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