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Colorado Marijuana Tax Revenues Are Up Almost 100% Compared To Last Year

colorado price legal marijuanaMarijuana legalization is working in Colorado. The industry is expanding at a rapid pace, people are getting quality jobs in the industry, and the state is benefiting from tax revenue that continues to climb. It has climbed so much in the last year revenues have grown almost 100% compared to last year. Per The Denver Channel:

Tax revenues from marijuana are up nearly 100 percent.

County by county, new numbers from the Colorado Department of Revenue tell the tale.

In Denver County, revenue jumped from $954,000 in May 2014 to $1.5 million in May 2015.

In Boulder County, revenues jumped from $194,000 to $366,000 over the same period. Jefferson County saw a jump of $122,000 to $226,000.

The numbers in Colorado are staggering, and it really shows the impact of marijuana tax revenues when you break it up by county. Could your county use an extra $226,000-$1.5 million per month? I definitely know my county could benefit from a revenue boost like that, especially considering it’s being created basically out of no where. And the best part is that the revenues will just continue to climb, with no end in sight. Every state in America should be doing this.

  • 1Bugler1

    Great. So now the prices will come down below street level, right?

    • MrPC

      Our local friendly Denver-area dealer was selling 1/4’s for $125 a few years ago. Today, we can buy the same amount for less than half the old black-market price from our local friendly and LEGAL retail store. The quality is at least comparable, if not better. Maybe your situation is different, but I’m pretty happy with our legal market prices.

  • Valient

    We need one of the major activist groups to do a review of the available social costs data, since Kevin Sabet always says stuff like “For every $1 in tax revenue it generates it’ll cause $10 in social costs, because cigarettes and alcohol.” It’d be a fun fact to pop up next time someone’s speaking against him.

    • Michael Miller

      Apparently, Sabet doesn’t realize that alcohol and Cannabis are two different substances with very little in common. To assume that costs on society will mimic the costs that alcohol brings is just pure stupidity and ignorance.

  • Michael Miller

    When CO brought in approximately 65 million is tax revenue in 2014, only about 30% of the towns and cities were selling. Wait ’til that reaches 90-95%. Now, think of the money that could have been earned over the last 75 years. And the jobs people could have had. What we need to do as a culture is replace the normalcy of alcohol with Cannabis. Health costs will go down. Insurance costs should go down (of course we all know that won’t happen). Violent crime will decline, as will fatal accidents. Imagine a world where people are actually happy, friendly, and healthy… a world that doesn’t have stressed out people everywhere trying desperately to own every material possession imaginable and working 50-70 hours a week to do so. How many millions of people out there are taking a prescription drug, and paying for it, with horrible side effects, when they could be growing a medicine in their back yard that could possibly take care of all their symptoms and ailments? It absolutely blows my mind how many people simply do not know what this plant can do.

  • Ham’Diya Lane

    Well at least CO is on the ball trying to sort out the bugs this the growing pains process and their will be more to come. PA is really behind the times and if there is legristrative talk, its amongst themselves and in whispers!

  • Beatty Robert

    Not a smoker myself, but here in Florida the idiots are spending billions to bust people and jail them. All the while criminals are making the money that would improve our infrastructure, and they create a criminal every time they bust a toker. Kudos to the rational people of Colorado!