Colorado’s Legal Marijuana Industry Soars to $1 Billion

Quartz: “The 2015 figures are in, and the number is huge—legal marijuana sales in Colorado were $996 million in 2015, according to Colorado Department of Revenue figures, the Denver Post’s marijuana website the Cannabist reports.”

“Colorado collected more than $135 million in taxes from marijuana sales in 2015. Of that, about $35 million will be put to school construction projects, the Cannabist reports. Since Colorado made it legal to use marijuana for recreational purposes state-wide in early 2014, taxes collected from marijuana sales have increased rapidly, and now far surpass taxes from alcohol.”

“To put the 2015 overall sales figure in some sort of perspective, in 2014—in the entire US—mustard sales hit about $430 million (paywall), and Advil sales were below $500 million.”

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  • Robbissimo

    There are so many other factors that legalization effects. Police are no longer wasting resources chasing marijuana arrests, saving money. Crime in general is down in Colorado which will slowly decrease jail/prison populations, saving money. People drink less with a legal alternative to alcohol which reduces automobile accidents, domestic abuse and deaths related to alcohol (saving money). Legalization is a win/win/win for society.

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