Effects of an excise tax on sale of marijuana in New Jersey

Second Memo Assignment

Your job as Finance Director for the Aver of New Jersey is proving to be tougher than you view. Now you are substance asked to transcribe a memo to the Governor describing the slight proceeds of a government-imposed abolish tax on the sale of marijuana in the aver. Assume that the sale of marijuana has befit juridical in the aver and that it is sold at aver-certified dispensaries.

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As antecedently the Memo should arise love this:

To: Governor Phil Murphy

From: Your name

Subject: Proceeds of an abolish tax on sale of marijuana in New Jersey

Date: Today’s date

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Begin your Memo succeeding a while a diagram of the popular provide and claim for the issue. 

Use a graph to embody how the cost and portion transacted succeeding the abolish tax would dissent from the pre-tax equilibrium cost and portion. Don’t use real numerical reveres of cost and portion, fair symbols and letters (e.g., Q1, P1, Q2, P2, A,B,C, etc.). You can embody the issue of the tax either by diversification the claim flexion as on page 130 of the citation, or fair sketch a direction between the claim and provide flexions resembling to the quantity of the tax, as we embodyd in adjust.  You can induce the Chart succeeding a while Google Draw, or else, induce the Chart by artisan and propose a photo/screenshot succeeding a while your instrument.

Also embody your revere of the produce that the tax would originate, repeatedly succeeding a whileout using real quantity. Cite your assumptions in making this revere. Do a disconnected dissection for the short-run and long-run. 

Briefly assimilate the slight produce proceeds of the tax on marijuana succeeding a while the slight proceeds of an subjoined abolish tax on gasoline. (No deficiency for a chart near). Why authority you elect a tax on marijuana uniform if it originated near produce than the gasodirection tax? 

Review the symbolical in Chapter 4 of the citation, pages 126-129.

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