Legalizing Marijuana in Arizona Could Earn $40 Million for Schools

The measure would enact a 15% tax on adult marijuana sales in addition to standard sales tax; funds would largely be allocated to public schools and full-day kindergarten programs

PHOENIX, AZ — Backers of a proposed 2016 ballot initiative to regulate and tax marijuana like alcohol in Arizona estimate the measure would raise more than $40 million annually for education in Arizona.

The Campaign to Regulate Marijuana Like Alcohol highlighted the potential revenue Wednesday by presenting the state with a jumbo-sized check during a…