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Colorado passes $1 billion in marijuana state revenue
CNBC ^ | Wed, Jun 12 2019 3:00 PM EDT | Eric Rosenbaum

Posted on 06/13/2019 3:23:52 AM PDT by Galatians328

It took the state roughly three and a half years to reach the $500 million mark in total state revenue from marijuana sales, and just under two years to double the revenue source. Cannabis sales contribute to the state's general reserve fund, as well as education and health care, including mental health services, and youth drug-prevention programs.

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


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: cannabis; legalization; marijuana; pot; tax
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More marijuana taxes ($266,000,000 ) than from alcohol ($47,000,000 ) and tobacco ($43,000,000 ) combined. Not to mention, all the money saved by not locking up low level potheads. Another example why libertarian policies are great economics.

https://www.colorado.gov/pacific/sites/default/files/2018_Annual_Report.pdf

1 posted on 06/13/2019 3:23:52 AM PDT by Galatians328
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To: Galatians328

So how much have they lowered their other taxes.

Government has a never ending desire for more money.


2 posted on 06/13/2019 3:46:40 AM PDT by riverrunner ( o the public,)
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To: Galatians328

I wonder how much Colorado has lost indirectly. I know that Colorado will never be in my vacation plans; the only reason I would go there is if I have a connecting flight at the airport.

And I wonder how the crime rate is doing, as drug addicts who are incapable of work turn to crime to feed their addictions. Not to mention the increase in violent crimes committed by the brain-addled. I wonder how life expectancy is doing in Colorado, given the heavy physical toll of drug addiction.

You cannot have an honest conversation about the state’s “profits” from legalized drug abuse without also looking at the costs of the second, third, fourth, etc., order effects.


3 posted on 06/13/2019 3:48:13 AM PDT by exDemMom (Current visual of the hole the US continues to dig itself into: http://www.usdebtclock.org/)
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To: Galatians328

CO’s spending over 20% of its state budget on Medicaid, almost $8 bil.

Bet that pot money is already spent.


4 posted on 06/13/2019 3:53:58 AM PDT by mewzilla (Break out the mustard seeds.)
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To: exDemMom
"turn to crime to feed their addictions"

Dirt water, n sunshine? Ohhh hardened criminals there.

5 posted on 06/13/2019 4:03:50 AM PDT by rawcatslyentist ("All that is necessary for evil to triumph is for good men to do nothing")
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To: riverrunner

Lowered? Ha! They are still trying various ways to get around TABOR. Oh, and the roads are bad and getting worse.


6 posted on 06/13/2019 4:11:11 AM PDT by ThunderSleeps ( Be ready!)
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To: Galatians328

I’m not into the marijuana legalization debate, but they say they gained a billion in tax revenue because of their legalization.

To get the net gain in revenue one must subtract the tax money spent due to the negative consequences of increased marijuana use.

Also one must subtract the reduction in other tax revenue due to lower business profits due to the stoned and distracted workforce.


7 posted on 06/13/2019 4:41:29 AM PDT by cymbeline
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To: exDemMom

It should be rearing its head. I have seen more toxic thc levels in newborn umbilical cord in the last few years, than in a 30 yr career. Very few have just one drug. These babies have been bathed in drug chemicals during critical organ development.
These kids should be in early ed soon.
For 1 billion in revenue, these kids will be subjected to this forever. This is not the same pot from decades ago, so comparing those results with today, wouldn’t be accurate.
For another billion, the state could legalize child sonography. People are doing it anyway, why not get revenue from it. It would stop us from spending taxpayer dollars in criminal enforcement.


8 posted on 06/13/2019 5:05:24 AM PDT by momincombatboots (Do you know anyone who isn’t a socialist after 65? Freedom exchanged for cash and control.)
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To: Galatians328

It won’t last long. The markup on cannabis is 8X the wholesale price. It won’t take long for people to figure out they don’t need to buy government cannabis at $40 an 1/8th when they can get it for $40 an oz.


9 posted on 06/13/2019 5:07:32 AM PDT by AppyPappy (How many fingers am I holding up, Winston?)
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To: Galatians328

So the government is pushing dope.


10 posted on 06/13/2019 5:11:41 AM PDT by I want the USA back (Islam, not a religion, a totalitarian political ideology aiming for world domination. -Wilders)
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To: mewzilla
that pot money is already spent.

Exactly. I'd like to see an audit statewide. The collateral costs. Drug related ER costs. Lost productivity from so many being addicted. Broken homes. Abandoned children.

Those are the things those idiot libertarians hide.

11 posted on 06/13/2019 5:15:08 AM PDT by LouAvul
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To: LouAvul

colorado is a godless place, rocky mountain high and no one cares about anything


12 posted on 06/13/2019 5:23:05 AM PDT by yldstrk (Bingo! We have a winner!)
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To: Galatians328

I predict a litany of woe down this road.


13 posted on 06/13/2019 5:41:38 AM PDT by _longranger81 (Speak up for those who cannot speak for themselves; defend the defenseless; care for the unloved.)
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To: Galatians328

Great! Does that mean the state will subsidize the 16% increase in Auto insurance collision claims and 4.5% across the board premium hikes? Wonder how much that costs overall? Maybe a billion five? Search for the stats on the impact of MJ and insurance and you may be surprised.

How many people were killed/injured by doped up drivers? What doe that cost the economy? Libertine not libertarian.


14 posted on 06/13/2019 5:44:13 AM PDT by Manly Warrior (US ARMY (Ret), "No Free Lunches for the Dogs of War")
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To: exDemMom

I live in the Springs, overall crime is not bad. Homelessness, especially in Denver is getting bad, but I chalk that up to Demonrat policies overall. Quite a few states have legalized weed, and more on the way. You will not be able to vacation in the USA soon if you follow your own policy.

I wish it wasn’t legal here, but it is the future...


15 posted on 06/13/2019 5:44:22 AM PDT by fatez (Ya, well, you know, that's just your opinion man...)
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To: Galatians328
$1B doesn't come close to covering the cost in the quality of life in Denver alone.

More drugs, more crime, more homeless, more filth, more traffic accidents....

16 posted on 06/13/2019 5:54:54 AM PDT by G Larry (There is no great virtue in bargaining with the Devil)
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To: Galatians328

Imagine how much revenue would come from taxing illegals.


17 posted on 06/13/2019 6:29:36 AM PDT by bgill (when you badmouth women, you are badmouthing your mama and the good women on FR)
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To: I want the USA back

Dope was going to be sold...either legally or illegally. At least in this case, the government is collecting tax off this. You can go the other way, and let the dealers and pot farms make all the profit.


18 posted on 06/13/2019 6:37:51 AM PDT by pepsionice
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To: AppyPappy

Or grow it themselves - legally.


19 posted on 06/13/2019 6:57:56 AM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: logi_cal869

Why take the time and effort to grow it when you can get it for $40 an oz?


20 posted on 06/13/2019 6:59:24 AM PDT by AppyPappy (How many fingers am I holding up, Winston?)
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