TIL From 1868 until 1913 in the US, 90% of all federal revenue came from taxes on liquor, beer, wine, and tobacco.
https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/
#til #todayilearned
Discussion
Dk what they're waiting to legalize weed for.
Colorado has so much tax revenue from the weed that they've been issuing TABOR refunds.
"Colorado, a state with legalized recreational marijuana since 2012, has utilized this revenue for various purposes, including funding education, infrastructure, and homelessness programs. In fact, the tax revenue generated from marijuana sales has been substantial enough to trigger the Taxpayer Bill of Rights (TABOR) in Colorado, leading to refunds for taxpayers."