Why Exactly Are We Taxing Pot?

The New Hampshire House is poised to pass a law legalizing marijuana use -- and taxing it. The bill, HB 492, sponsored by Rep. Steve Vaillancourt (R), would impose a 15 percent sales tax on retail marijuana purchases and a $30-per-ounce sales tax on wholesale purchases. It would raise about $30 million a year. Truth be told, New Hampshire is unlikely to join Washington and Colorado in freeing the people to smoke pot. Democratic Gov. Maggie Hassan has vowed to veto the measure if it reaches her ...