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simply because of tax revenues, he said.

“If this is the ultimate saving grace that justifies allowing said products to be produced and sold to the public, then with more reason cannabis should be allowed. It is a potential source of billions worth of revenues. The experience of other countries and states that rolled back senseless prohibition against this substance is clear proof,” he added.

Alvarez cited the State of Colorado, which was able to collect over USD1 billion in cannabis tax revenues since legalizing it in 2014. In 2021, Colorado collected USD423 million from cannabis tax revenues, up almost 10 percent from the prior year.

According to a study by the RCG Economics and Marijuana Policy Group, should the State of Nevada legalize recreational cannabis, the move will support over 41,000 jobs by 2024 and generate over USD1.7 billion in labor income, he added.

“Let us give cannabis a second chance. Let us make this happen by giving our all-out support for HB 6783, otherwise known as An Act Removing Cannabis and any Form of Derivative Thereof from the List of Dangerous Drugs and Substances Under Existing Laws’,” he said. (PNA)