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Colorado weed generated $996,000,000 in sales in 2015

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  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Independent, February 11, 2016: Colorado sees nearly a billion dollars in 2015 legal cannabis sales

    "Recreational sales generated more than $113 million in revenue for the state in 2015 . Medical sales generated over 21 million in revenue.

    "Remember that Colorado sets aside the first $40 million raised from the excise tax on wholesale transfers of recreational marijuana for public school construction. The rest of the revenue to the state will go toward prevention of youth drug use, addiction treatment, research and public education campaigns.

    “Just six years ago, Colorado received zero dollars in tax revenue from the sale of marijuana in the state,” Mason Tvert of the Marijuana Policy Project commented in a triumphant press release noting that millions of dollars in sales occur in every state. “Colorado is one of the few where those sales are being conducted by licensed, taxpaying businesses.”

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    I just thought I would share this information. We've discussed this topic many times before so I don't want to regurgitate those arguments. Anyway, no one changed their mind in those discussions.

  • Center Left
    Independent
    Central, FL
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    This should be done nationwide. I firmly believe the only difference would be that those who are already buying it would now be paying taxes on it. I don't believe use would go up at all. Politicians often love tax revenues because it can pay for more of their ideas on how to make the world a better place. A large number of people use marijuana. It's natural. People often hate the use but if you want to get very drunk on alcohol that's perfectly fine. Despite the fact that many thousands are killed each year by drunk drivers, it alright because all of your friends drink too. Pathetic double standard.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    TJ -- Yes. While we hail the revenue aspect of marijuana sales, there are also major savings from not arresting and convicting those in possession, not to mention some young man or woman's life forever tarnished by a drug possession record.

    From the Drug Policy Alliance website:

    "Since 2010, marijuana possession charges (not including Denver) are down nearly 80%, marijuana cultivation charges also dropped nearly 80%, and marijuana distribution charges are down over 97%. Of course, the number of marijuana possession charges in Colorado courts is where we saw the most overall decline in terms of sheer numbers of people no longer prosecuted.

    "According to raw data from the NIBRS, drug-related incidents are down 23% since 2010, based on a 53% drop in marijuana-related incidents."

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    This is perhaps the real benefit to society that is not fully appreciated by those opposed to recreational pot. How many incarcerations have been avoided in Colorado?

  • Center Left
    Independent
    Central, FL
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    You are absolutely right. Reducing the jailed persons and the costs of warehousing them is a major plus. Reducing the clog in the courts system as well. Not having parents in jail when they could be working and supporting their children this so needed. The benefits are so many.
  • Independent
    Ft.myers, FL
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    Do me a favor, sent some of that stuff to the Republican candidates as well the supreme court members. That will help to increase the fun!!
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Well we can send the stuff to our senators and representatives, but we should also include state offices because it's the states that have incarcerated more people for drug offenses than the federal government.

    Sending stuff to SCOTUS doesn't do anything. They do not make laws; however, I concede that their interpretations of vaguely written laws have the effect of making law.

  • Independent
    Ft.myers, FL
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    Schmidt Wrote:

    Well we can send the stuff to our senators and representatives, but we should also include state offices because it's the states that have incarcerated more people for drug offenses than the federal government.

    Sending stuff to SCOTUS doesn't do anything. They do not make laws; however, I concede that their interpretations of vaguely written laws have the effect of making law.

    Anyway I'm curious what Trump is using ; it must be something which is much stronger than coffee.
  • Independent
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    not to mention increased sales in doughnuts, potato chips, pizza etc! ;)
  • Center Left
    Independent
    Central, FL
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    lonely bird Wrote: not to mention increased sales in doughnuts, potato chips, pizza etc! ;)

    That's called job creation.