| Posted on Mon, April, 28th 2014 by THCFinder
A little less then three months ago marked the first day of legal cannabis retail in the state of Colorado. There were some people who probably thought that the economy collapse the first day this occurred... But of course, it didn't. Not only with the increased revenue that the state is making from taxes, but the people there feel mostly that life has improved since Amendment 64 went in to effect or that there has been not difference at all.
A poll released by the Public Policy Project showed that now 57% of Colorado voters now approve of legalization of cannabis, which is a huge difference from the 35% that disapprove. With so few ill effects of cannabis legalization, it seems as if people are beginning to realize that maybe the plant isn't as bad as it seems. With the new jobs that have been created in this booming industry, plus the incredible financial gain for the state, cannabis legalization doesn't seem to be the huge deal that some people imagined that it would be.
The money that has been made by the taxed plant is absolutely incredible. Just in January of this year, the state raked in a staggering $14 million in sales. That's just the first month. The Governor of Colorado, John Hickenlooper released a statement that he expects the sales of recreational and medical marijuana to reach almost $1 billion over the course of the next fiscal year. At least $600 million of that is thought to just come from the recreational sales, while the state themselves is expected to collect at least $134 million in the taxes and fees associated with the plant.
What's this money going to go towards? The state has outlined some decent ideas on where to spend these profits. The plan will include spending money on youth prevention, substance abuse treatment, and at least $12.4 million for public health improvements. The goal, set forth by Gov. Hickenlooper, is to help to keep the marijuana business away from children as much as possible, unless the child is prescribed cannabis for a condition by a licensed physician. Also proposed was a $5.8 three year campaign on marijuana use that would cover the whole state and would aim to highlight any health risks associated with marijuana. In addition, there would be $1.9 million granted to the Department of Transportation to launch a "Drive High, Get A DUI" campaign to tell drivers about the marijuana blood limit standard that drivers will be tested at. Hickenlooper also added the proposal of spending $7 million on buying new beds in residential treatment centers for substance abuse patients to the plan. Of all that is mentioned above, it doesn't even include the addition 15% pot excise tax. This will bring in an estimated $40 million a year for the state. The money from this tax will be put in to school improvement and construction.
Numbers like these can't really be argued with. The drastic improvements to state programs will benefit Colorado in ways we don't even know yet. From schools to roads to buildings, the finical boost from cannabis is sure to be a good thing for the state. If the progress we've seen continues on such a positive note, with such green benefits, other states are definitely going to state reconsidering the cannabis laws. With such money to be made, it would be crazy for states (especially smaller ones that need the money and the jobs in such a terrible economy) to not want to legalize cannabis.