420 with CNW – US States Hope Legal Marijuana Will Fix Pension Crisis
Several U.S. states, such as Illinois and New Jersey, are facing an epic pension crisis and they hope that legalizing marijuana will avail badly needed funds to fix the crisis before it boils over. For example, Chicago’s pension scheme alone will need a minimum of $1 billion to be injected each year into the retirement benefits scheme four years from today if the city is to meet its obligations to those who served and retired. Consequently, Chicago Mayor Rahm Emanuel is suggesting that the taxes generated once cannabis becomes legal should be ring-fenced and sent to the pension scheme immediately.…