Kentucky Sen. Dan Seum (R-38th District), the GOP’s Majority Caucus Chairman and one of the state’s highest-ranking elected officials, has introduced legislation targeting the legalization of recreational marijuana.
On Wednesday, the Associated Press reported the Kentucky Sen. suggested that legalizing adult-use marijuana would generate new revenue for the state’s anemic coffers, potentially adding more than $100 million annually to the commonwealth’s general fund.
The projected tax proceeds generated by a legal marijuana market could represent a fresh stream of cash to pay down the state’s spiraling liabilities – currently hovering just south of $38 billion.
Sen. Seum’s bill, SB 80, would allow for the possession, growth, use, processing, purchasing, transfer, and consumption of marijuana in Kentucky by adults over the age of 21.
Sen. Dan Seum introducing bill to legalize adult use of cannabis. pic.twitter.com/PIOfCPCYFs
— Lawrence Smith (@LASmithReports) January 17, 2018
Referred to as a “jobs bill” by Seum in October, SB 80 would legalize the operation of retail marijuana shops, “consumption establishments, cultivation facilities, cannabis…