This report explores various scenarios concerning potential I-502 tax revenues, per year and in total over a decade. The dominant finding is sobering though perhaps not surprising: There is enormous uncertainty. Different plausible scenarios lead to radically different projections for potential revenue. It is not even clear that revenues will trend steadily over time; there are plausible scenarios under which revenues will first rise andthen fall. With information currently in hand, it is not possible to set specific bounds on the possible range of tax revenues.