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The Campaign to Regulate Marijuana Like Alcohol in Arizona held a press conference at the State Capitol Wednesday to highlight the fact that the initiative would generate more than $40 million in annual funding for public education in Arizona.
The initiative includes a 15% tax on retail marijuana sales, and 80% of that funding would be allocated to public schools and full-day kindergarten programs.
The campaign conservatively estimates that this tax would generate more than $40 million each year, and it could be an even higher amount than that.
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