State of Washington Initiative 502 "on marijuana reform"
March 2012 analysis by the state Office of Financial Management estimated annual revenues above $560 million for the first full year, rising thereafter.[10] February 2011 analysis of the similar Washington House Bill 1550 estimated annual state and county law-enforcement savings of approximately $22 million.[11][12] OFM's final, official analysis did not include law-enforcement savings, but estimated five-year revenues at approximately $1.9 billion from an assumed retail price of $12 per gram.[13][14][15] Proponents of I-502 have posted a pie chart showing annual dollar-per-purpose earmarks, based on these projections.[16]
[10]Martin, Jonathan (March 21, 2012). "State: Potential I-502 pot revenue double what supporters predict". The Seattle Times. Retrieved March 24, 2012.
[11] Jon, Walker (February 23, 2011). "Official Washington State Analysis: Marijuana Legalization Would Add Hundreds of Millions to State Coffers". Fire Dog Lake. Retrieved August 27, 2011.
[12] Holden, Dominic (June 21, 2011). "Legalize It: A Smart New Initiative Makes Washington State Ground Zero in the National Fight to End Marijuana Prohibition". The Stranger (Seattle, Washington: The Stranger (Newspaper)). Retrieved August 27, 2011.
[13] Johnson, Gene (August 10, 2012). "Wash.: Legal pot could bring in $2B over 5 years". Seattle Post-Intelligencer. Retrieved August 10, 2012.
[14] Holden, Dominic (August 10, 2012). "WA Pot Initiative Could Generate $1.9 Billion in Revenue Over Five Years". The Stranger. Retrieved August 10, 2012.
[15]"OFM Fiscal Impact Statement (I-502)" (PDF). Washington State Office of Financial Management. August 10, 2012. Retrieved August 10, 2012.
[16] "What could $582,000,000 every year do?". New Approach Washington. September, 2012. Retrieved September 26, 2012.
