Colorado's choice of Taxation over Incarcararation,
has paid big dividends.
DENVER ― Colorado’s marijuana industry soared to new highs
in 2016.
in 2016.
According to data released Thursday by the Colorado Department
of Revenue, dispensaries in the state sold $1.3 billion in medical and
recreational marijuana last year, generating close to $200 million in tax revenue for the state.
And this doesn't count all the peripheral income to businesses (and those taxes).
of Revenue, dispensaries in the state sold $1.3 billion in medical and
recreational marijuana last year, generating close to $200 million in tax revenue for the state.
And this doesn't count all the peripheral income to businesses (and those taxes).
For perspective, that’s slightly more than the entire 2015 GDP for
some small nations.
some small nations.
Cities in Colorado also collected millions of additional tax dollars,
as each city typically tacks on extra duties in addition to state taxes.
All this, without the 'problems' that the nay-sayers predicted, after
3 years into the new laws.
as each city typically tacks on extra duties in addition to state taxes.
All this, without the 'problems' that the nay-sayers predicted, after
3 years into the new laws.
“[Colorado] is also reaping the
invaluable public health and safety
benefits of replacing an underground
market with a tightly regulated
system.”
invaluable public health and safety
benefits of replacing an underground
market with a tightly regulated
system.”
But, like everything else, just look to the Pubs to screw it all up, and hand
the profits back to the cartels.
the profits back to the cartels.
But, a factor that could weigh on the industry ― or perhaps even
eliminate it entirely ― is President Donald Trump’s newly confirmed
attorney general, Jeff Sessions. Sessions previously
called legalization of the drug “a mistake,”
eliminate it entirely ― is President Donald Trump’s newly confirmed
attorney general, Jeff Sessions. Sessions previously
called legalization of the drug “a mistake,”
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