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Phoenix is considering adopting a 5% tax on recreational marijuana sales. This tax will be in addition to the 16% excise tax on these sales

Phoenix is considering adopting a 5% tax on recreational marijuana sales. This tax will be in addition to the 16% excise tax on these sales levied by the state government and the applicable sales tax. All revenues raised by the 5% Phoenix tax will go towards community colleges in the city. Evaluate this policy using the tax evaluation criteria discussed in your class (Equity, Efficiency, Revenue Yield/Elasticity, Administration, Political Feasibility, Tax Incidence/burden]. In your answer be sure to 1) address each of the five criteria 2) identify those you believe to be most important in this case 3) make a policy recommendation.

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