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A Kentucky senator thinks legalized marijuana can help lift the state’s pension system out of the weeds.
The legislator,  Sen. Dan Seum (R-Fairdale), “believes desperate times require desperate measures, which is why he is backing the idea of legalizing and taxing marijuana for adult use as a way to dig out of the $30 billion pension hole,” writes Lawrence Smith for wdrb.com.
“Twenty-eight states now have one form or another of legalized cannabis, or marijuana,” Seum is quoted saying. “Colorado is really knocking down some good money on that.”
The senator is reported saying that he thinks legalizing pot could create jobs and “generate $100 million a year in revenue,” writes Smith.
More: Times and circumstance make legalized marijuana more palatable.

ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 – sitemanager@ariapensions.ca

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