It's hard to imagine a way to come up with $4 billion more in revenue next year. Or the year after that. Or the year after that.
Legalized marijuana? Moody's Investors Services issued a report last week that termed it a "marginal credit positive."
"The positive benefit is limited because marijuana revenues generally represent only a small percentage of annual general-fund revenues" in states that have enacted it.
The current estimate is that taxes on legal weed would bring in a mere $120 million in new revenue in the first full year after it was legalized. That's a pittance in a $37.4 billion budget.