Marijuana legalization has failed to live up to the hype in terms of its impact on state economies, according to the three major rating agencies.

"We do not anticipate an impact [from revenues from taxes on legalized marijuana] on the states' rating," Andrea Unsworth, an analyst at Moody's Investors Service who has written about marijuana legalization's impact on Colorado and Washington's state economies, wrote in an email to The Bond Buyer.

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