Rhode Island?

Jamestown lighthouse in Jamestown Rhode Island
A Rhode Island state report just released estimates that passage of the state’s proposed Marijuana Regulation, Control, and Taxation Act could generate up to $82 million in annual tax revenue.

Bringing adult marijuana sales into the open allows the state to tax wholesale and retail marijuana transactions and provides needed transparency to all stages of marijuana transactions.

Passage of the Marijuana Regulation, Control, and Taxation Act could also create hundreds of jobs.

About Douglas Slain

Doug received a JD from Stanford Law School, a MA from the University of Chicago, and a BA from DePauw University (Phi Beta Kappa). After practicing real estate and finance law at then Pillsbury, Madison & Sutro, he founded four national monthly law reporting titles now owned by Thomson-Reuters. He served two consecutive terms as chairman of the American Bar Association’s General Practice section’s Professional Responsibility Committee. Slain was an ABA-appointed rule of law consultant to the Ministry of Economy for the Republic of Latvia as its secured transactions adviser. He taught briefly at Stanford Law School as an adjunct clinical law professor. Slain has been the managing partner of Private Placement Advisors since August 2009. In January 2013 he founded Outliers Network.

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