Kentucky State Senator Thinks Legal Marijuana Could Solve Pension Crisis

Getty The state of Kentucky is facing a major budget shortfall when it comes to their pension systems; estimates place the amount of unfunded liabilities at somewhere between $37 billion and $64 billion. “I think desperation might help [pass legalization] — we need a billion dollars (a year),” said Republican state Senator Dan Seum. He has plans to introduce an adult use marijuana legalization bill in the KY legislature before the 2018 regular session begins. Seum hopes the prospect of increased tax revenues at a critical time will convince some of his colleagues to take a closer look at...

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