Recall first that we were already facing a $13 million shortfall, and that the Feds just stiffed Delaware for an additional $25 million in Medicaid funds.
Now take a look at Colorado, which projects $578.1 million in legal marijuana sales next year, with a combined wholesale and retail tax revenue of $67 million (10% tax on wholesale transaction; 15% on retail).
Colorado has about five times the population of Delaware, so let's suggest $115.6 million in sales here, which would amount to $13.4 million.
So while legal pot wouldn't wipe out the Medicaid problem, it sure would eliminate the current budget deficit that DEFAC is predicting.
Moreover, you have to remember that there would be secondary gains, budget-wise, in legal marijuana: decreased prison costs and--very probably--decreased violence on Wilmington's streets.
So who in our General Assembly will have the courage to step up in January with a bill?
. . . crickets . . .