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.
So how much have they lowered their other taxes.
Government has a never ending desire for more money.
posted on 06/13/2019 3:46:40 AM PDT
( o the public,)
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.
posted on 06/13/2019 3:48:13 AM PDT
(Current visual of the hole the US continues to dig itself into: http://www.usdebtclock.org/)
CO’s spending over 20% of its state budget on Medicaid, almost $8 bil.
Bet that pot money is already spent.
posted on 06/13/2019 3:53:58 AM PDT
(Break out the mustard seeds.)
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.
posted on 06/13/2019 4:41:29 AM PDT
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.
posted on 06/13/2019 5:07:32 AM PDT
(How many fingers am I holding up, Winston?)
So the government is pushing dope.
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)
I predict a litany of woe down this road.
posted on 06/13/2019 5:41:38 AM PDT
(Speak up for those who cannot speak for themselves; defend the defenseless; care for the unloved.)
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.
posted on 06/13/2019 5:44:13 AM PDT
by Manly Warrior
(US ARMY (Ret), "No Free Lunches for the Dogs of War")
$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....
posted on 06/13/2019 5:54:54 AM PDT
by G Larry
(There is no great virtue in bargaining with the Devil)
Imagine how much revenue would come from taxing illegals.
posted on 06/13/2019 6:29:36 AM PDT
(when you badmouth women, you are badmouthing your mama and the good women on FR)
Meanwhile, here in Connecticut, they miss out on millions in taxes as weed is still illegal but they want to put tolls on every highway.
posted on 06/13/2019 8:08:36 AM PDT
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Just $428.00 dollars to 98.00%
posted on 06/13/2019 9:14:45 AM PDT
(This space for rent...)
"...$1 billion in marijuana state revenue..."
Colorado has a marijuana state? Who knew?
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