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Colorado finds its pot of gold
CBS News ^ | June 10, 2014 | By BARRY PETERSEN

Posted on 06/10/2014 4:26:08 PM PDT by Oldeconomybuyer

Colorado has a new cash crop.

New figures show that the state has been raking in profits since January, when it became the first in the nation to legalize the sale of marijuana for recreational use.

Add in sales taxes from lower taxed medical marijuana and so far this year the state has banked nearly $18 million.

Along with the big bucks have come some big problems.

Like 10 toddlers so far this year overdosing on edible marijuana products.

And from January through May, the Colorado State Patrol handed out 289 tickets to people driving under the influence of marijuana.

The tax money is supposed to be spent on schools, but some of it may be earmarked to hire more people to regulate this booming business and more cops to arrest those driving under the influence.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Culture/Society; News/Current Events; Politics/Elections; US: Colorado
KEYWORDS: colorado; dope; libertarians; medicalmarijuana; tenthamendment; wod
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1 posted on 06/10/2014 4:26:08 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Colorado state government is gradually becoming a drug cartel. If you think Mexican drug cartels are bad, wait until the government and big business are making big time money from it.


2 posted on 06/10/2014 4:29:55 PM PDT by nickcarraway
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To: Oldeconomybuyer

I wonder if there has been a bump up in Colorado tourism due to drug tourists like that stupid Ariana Huffington who ate an entire pot candy bar Miss PAC-MAN style?


3 posted on 06/10/2014 4:32:47 PM PDT by WMarshal (Free citizen, never a subject or a civilian)
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To: Oldeconomybuyer

That’s right up there with Afghanistan and the heroin. Same kind of cash crop.


4 posted on 06/10/2014 4:34:37 PM PDT by ThePatriotsFlag ("There never was a democracy yet that did not commit suicide." - Thomas Jefferson)
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To: WMarshal

It was dowd, not huffpo


5 posted on 06/10/2014 4:34:56 PM PDT by bicyclerepair (The zombies here elected alcee hastings. TERM LIMITS ... TERM LIMITS)
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To: Oldeconomybuyer

Colorado will rue the day they made this legal. The consequences are only beginning to show and will snowball in due course.


6 posted on 06/10/2014 4:36:09 PM PDT by Fungi
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To: Oldeconomybuyer

Money is the fertilizer that government uses to grow.


7 posted on 06/10/2014 4:37:55 PM PDT by cripplecreek (Remember the River Raisin.)
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To: nickcarraway
wait until the government and big business are making big time money from it.

They already are.

8 posted on 06/10/2014 4:39:07 PM PDT by GSWarrior
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To: Oldeconomybuyer

this is great for the people of Colorado! Soon they will lower or eliminate all taxes, afterall, politicians NEVER spend that money without reducing tax rates, do they?

Pardon me while I stop laughing.


9 posted on 06/10/2014 4:41:20 PM PDT by swpa_mom
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To: Fungi

Yes, how DID this country ever make it to 1914 without giving practically unlimited power to the federal government to keep people from smoking pot? We have had 100 years of the WOD yet all we have to show for it is draconian laws that affect practically every part of our daily lives.


10 posted on 06/10/2014 4:42:14 PM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: GSWarrior

Oh, but they are just whetting their beak, compared to what will come.


11 posted on 06/10/2014 4:42:40 PM PDT by nickcarraway
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To: Fungi

BTW, the same people who gave us Prohibition gave is the WOD. At least we had enough sense to repeal Prohibition.


12 posted on 06/10/2014 4:43:11 PM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: Oldeconomybuyer

Uh, 18 million is hardly a “pot of gold” for a state that will spend $33,000,000,000 this year. It’s nothing more than chump change.


13 posted on 06/10/2014 4:43:27 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: WMarshal
"I wonder if there has been a bump up in Colorado tourism due to drug tourists like that stupid Ariana Huffington who ate an entire pot candy bar Miss PAC-MAN style?"

That's the main kind of tourism now. After that, the new gun control laws, many other new regulations, high fuel prices,...


14 posted on 06/10/2014 4:43:56 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Oldeconomybuyer

I thought the revenue would be much higher than that (no pun intended).


15 posted on 06/10/2014 4:50:02 PM PDT by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: Oldeconomybuyer

What could go wrong?


16 posted on 06/10/2014 4:51:00 PM PDT by lurk
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To: nickcarraway

‘Like 10 toddlers so far this year overdosing on edible marijuana products.’

Help me remember - which political party is constantly screeching, “It’s for the chiiiiiiildren!”


17 posted on 06/10/2014 4:52:09 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: FlJoePa

A true “Rocky Mountain High”, Colorado.


18 posted on 06/10/2014 4:52:40 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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And, FWIW, legalizing drugs is where I and the Libertarians part ways. Don’t waste your breath trying to change my mind, either.


19 posted on 06/10/2014 4:54:10 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: nickcarraway

Had to laugh. Money going to schools? my foot.


20 posted on 06/10/2014 4:57:06 PM PDT by waxer1 (A Republic if you can keep it--Benjamin Franklin. Well we lost it.)
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To: nickcarraway

Indeed... this money grows weeds, it does not make oil pipelines. It is backed by death.


21 posted on 06/10/2014 4:57:32 PM PDT by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
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To: bicyclerepair

Your right. I had the wrong idiot. Sorry Ms. Huffington!


22 posted on 06/10/2014 4:59:18 PM PDT by WMarshal (Free citizen, never a subject or a civilian)
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To: nickcarraway
>" If you think Mexican drug cartels are bad, wait until the government and big business are making big time money from it."

What gives you the impression they aren't and haven't been doing ever since prohibition?

We are arming BOTH SIDES in the WOD! The govt is making bank hand over fist! That's why they threaten to MURDER YOU for your flower garden!

Once prohibition ends the price and sales on cannabis will take a nose dive. Prohibition is the economic lifeblood of the cartels and the drug nazi death squads!

23 posted on 06/10/2014 4:59:26 PM PDT by rawcatslyentist (Jeremiah 50:32 "The arrogant one will stumble and fall ; / ?)
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To: Diana in Wisconsin; waxer1

The tax money from this is just going to increase the size of government, create more laws, more enforcement, and the need for the government to increase usage by the public. It’s not libertarian at all.


24 posted on 06/10/2014 4:59:42 PM PDT by nickcarraway
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To: rawcatslyentist

Keep dreaming. You are a government addict.


25 posted on 06/10/2014 5:00:59 PM PDT by nickcarraway
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To: rawcatslyentist
If marijuana has to be legalized, why not do it only on the condition it is not taxed AT ALL. And that it cannot be used as an entitlement.

NO, you would never do that, because the tax money is an addiction, AND you want marijuana to be paid for by the tax base, not the user. You are seriously addicted to big government and big business.

26 posted on 06/10/2014 5:03:45 PM PDT by nickcarraway
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To: Diana in Wisconsin
>"10 toddlers so far this year overdosing on edible marijuana products.’"

Define "overdose"! None died, nor suffered ANY damage. Praise God it wasn't tylenol or aspirin!

Cannabis was designed for us by the one that designed us!

Keep telling yourself how right and righteous you are for destroying lives with your law. Cannabis does not make anyone a criminal, the law does.

27 posted on 06/10/2014 5:05:41 PM PDT by rawcatslyentist (Jeremiah 50:32 "The arrogant one will stumble and fall ; / ?)
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To: nickcarraway
>"You are a government addict."

What an insult!

How is being self sufficient make anyone a govt addict?

You speak of that which you do not know.

28 posted on 06/10/2014 5:08:26 PM PDT by rawcatslyentist (Jeremiah 50:32 "The arrogant one will stumble and fall ; / ?)
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To: rawcatslyentist
How is taxing marijuana and making third parties pay for it, "self sufficient?"

If you are currently self sufficient that is great, but why would you deny that right to others? The fact is, this legislation in Colorado is making government grow in every direction.

You may think it's okay, because you are self sufficient, so screw other people, but that is going to boomerang. The states already don't want people to be self sufficient, with every expanding law enforcement, how long before the law enforcement and exponentially growing laws land on your doorstep?

29 posted on 06/10/2014 5:14:19 PM PDT by nickcarraway
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To: Oldeconomybuyer

I once considered moving to CO. Not anymore......


30 posted on 06/10/2014 5:21:28 PM PDT by ducttape45
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To: nickcarraway
Colorado state government is gradually becoming a drug cartel. If you think Mexican drug cartels are bad, wait until the government and big business are making big time money from it.

CA has been raking it in since they enacted medical pot in 1997. Last I saw it was $100M/yr. So where are all the murders associated with the trade?

We now have 22 states and DC with medical mj, yet crime is falling and highways are safer than ever.

31 posted on 06/10/2014 5:25:43 PM PDT by Ken H
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To: Oldeconomybuyer

Unfortunately or fortunately; however you choose to look at it, the tooth paste is out of the tube.


32 posted on 06/10/2014 5:26:23 PM PDT by PoloSec ( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
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To: Diana in Wisconsin

Do you support letting states decide intrastate mj regulation, as the 10th Amendment says?


33 posted on 06/10/2014 5:27:57 PM PDT by Ken H
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To: WMarshal

Don’t forget Maureen(I ain’t Catherine Zeta) Dowd...


34 posted on 06/10/2014 5:31:14 PM PDT by Delta Dawn (Fluent in two languages: English and cursive.)
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To: nickcarraway
>"How is taxing marijuana and making third parties pay for it, "self sufficient?" "

Why would anyone pay for something that is FREE? How can you tax sunshine dirt and rain?

How long before people figure out they can grow their own, and not be dependent on the govt for their drugs?

You sir are the one forcing dependence on people!

35 posted on 06/10/2014 5:33:58 PM PDT by rawcatslyentist (Jeremiah 50:32 "The arrogant one will stumble and fall ; / ?)
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To: Oldeconomybuyer

Can you blow tobacco cigar smoke into clouds like that legally in public? Or do you have to shelter yourself indoors at home to be able to partake of THAT legal substance?


36 posted on 06/10/2014 5:34:33 PM PDT by a fool in paradise (The new witchhunt: "Do you NOW, . . . or have you EVER , . . supported traditional marriage?")
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To: WMarshal

If the oil that was used in the candybar had been put into single serve pills instead, she would’ve been unlikely to take 16 doses at once.

Even then it took over an hour to take effect.

Don’t drugs come with instructions, precautions, and warnings?


37 posted on 06/10/2014 5:36:32 PM PDT by a fool in paradise (The new witchhunt: "Do you NOW, . . . or have you EVER , . . supported traditional marriage?")
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To: Blood of Tyrants

Only partially repealed prohibition. The Feds mandate (through hijacking of federal highway funds) a 21+ year drinking age and a 0.08 (headed downward to 0.03) BAC for drivers.


38 posted on 06/10/2014 5:38:38 PM PDT by a fool in paradise (The new witchhunt: "Do you NOW, . . . or have you EVER , . . supported traditional marriage?")
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To: rawcatslyentist

Obama and Eric Holder have been caught illegally arming the narcoterrorists in Mexico. Legalizing pot is going to do nothing to prosecute them for that crime.

What are you doing about that except rah-rahing pot at every turn?

If you are truly concerned about us arming the other side in the WOD, what are you willing to do to prosecute the highest office holder in the land?

Write your congressman yet?

Write your local paper’s editor yet?

Create a twitter hash tag (pardon the pun)?


39 posted on 06/10/2014 5:42:27 PM PDT by a fool in paradise (The new witchhunt: "Do you NOW, . . . or have you EVER , . . supported traditional marriage?")
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To: Oldeconomybuyer

6 months... $18m. projected yearly tax revenue from pot: $36m

total state tax revenue: $10bn

percentage of tax revenue coming from pot: 0.36%

yea... that was worth degrading the moral fabric of the state. all that lack of motivation should really help drive the economy

http://www.governing.com/gov-data/state-tax-revenue-data.html


40 posted on 06/10/2014 5:47:54 PM PDT by sten (fighting tyranny never goes out of style)
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To: Oldeconomybuyer

“.. so far this year the state has banked nearly $18 million.”

18 million? You got to be kidding me. By the time that all the social bills come due the paltry 18 million will be a drop in the bucket.


41 posted on 06/10/2014 6:31:47 PM PDT by RetiredTexasVet (If you lined up the best and brightest of this administration, you'd just have a string of dim bulbs)
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To: nickcarraway
Colorado state government is gradually becoming a drug cartel. If you think Mexican drug cartels are bad, wait until the government and big business are making big time money from it.

You haven't a clue here. Government has been making billions off drug profits and making it illegal. They win either way here...This is so obvious. And what do ya think the drug cartels do with their money? They buy restaurant slop joint chains and hotel chains, and greedy mart franchises etc., etc. Government makes money off all that too.

Ya need to get educated here nick.

42 posted on 06/10/2014 6:36:03 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: nickcarraway
And what do ya think the drug cartels do with their money? They buy restaurant slop joint chains and hotel chains, and greedy mart franchises etc., etc. Government makes money off all that too.

BTW nick they also buy up politicians and government officials. Pallets full of cash pays for lots of friends.

43 posted on 06/10/2014 6:44:03 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Oldeconomybuyer

Being an out-of-stater,I for one don’t want to set foot in that state anymore unless it’s absolutely unavoidable. It used to be a nice place to visit.


44 posted on 06/10/2014 6:47:55 PM PDT by oldtech
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To: rawcatslyentist
Cannabis was designed for us by the one that designed us!

Sometimes, with some diligent scouring one can find the most incredibly libtarted, asinine statements right here on Free Republic.

45 posted on 06/10/2014 7:32:06 PM PDT by Jagdgewehr (It will take blood.)
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To: Ken H

Amendment X

The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people.

Of course. Doesn’t mean I have to participate. But seriously, we see more and more laws that the STATES (We The People) vote on and enact being reversed by the Feds - so WHO are the ones not following the Constitution?

“I am free because I know that I alone am morally responsible for everything I do. I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do.” ~ Robert A. Heinlein

I’m a ‘ConservaTarian’ - that’s a Libertarian without the drug use. :)


46 posted on 06/10/2014 7:35:30 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: nickcarraway

I didn’t say it was. It’s All Dems All The Time.


47 posted on 06/10/2014 7:37:11 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: catnipman

Yeah, I would’ve thought it to be a lot higher.

Some “cash crop”.


48 posted on 06/10/2014 7:47:39 PM PDT by Baladas
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To: a fool in paradise
>"What are you doing about that except rah-rahing pot at every turn?"

I'm rah rahing our God given Constitutional Freedom!

You seem to readily accept the chains of medicinal slavery, as long as you appear to be the one holding them.

49 posted on 06/11/2014 3:09:27 AM PDT by rawcatslyentist (Jeremiah 50:32 "The arrogant one will stumble and fall ; / ?)
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To: Oldeconomybuyer
Like 10 toddlers so far this year overdosing on edible marijuana products.

On the upside, reports of testicular cancer are down over 90%!!


50 posted on 06/11/2014 6:10:12 AM PDT by uglybiker (nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-nuh-BATMAN!)
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