Benefits Of Legalizing Weed In Colorado, As Marijuana Legalization Trend Continues Social Equity Becomes A Key Question Colorado Public Radio

Thus washington was able to earn 319.

What is minimum wage salary per year. Since the state quickly allowed dispensaries to open people from all over the us. Medical benefits for cancer patients. Financial benefits with legal questions legalized recreational cannabis in colorado has been very successful from a financial standpoint.

A portion of the tax revenue generated by a legal cannabis industry could. On top of reducing drug related crime legalizing marijuana has shown to be a meaningful avenue of raising tax revenue. This means more people will be free to use the drug for its believed health benefits.

Its been only four and a half years since december 2013january 2014 when public sales of the wacky weed werent a criminal offense. The marijuana taxes are usually 10 to 37 higher than local sales taxes. Its been only almost six years since the first week of november 2012 when colorado and washington became the first two states in the union to legalize recreational marijuana.

Between the dollars that customers spend and the money business people invest in their crops and shops pot is generating more. In many states including massachusetts california and new jersey it is legal to use medical marijuana under certain guidelines. Colorado governor john hickenlooper who opposed amendment 64 recently compared colorados economy since legalization to that of other states by.

Whats more the 2012 pbs report stipulated that the 71 percent rise in high school drug violations was specific to the city of denver a. Legal weed created 18005 full time jobs and added about 24 billion to the states economy last year an analysis from the marijuana policy group mpg shows. It turns out pot is a stronger economic driver than 90 percent of the industries active in colorado.

Ever since colorado joined the recreational weed states it has generated over 1 billion in tax revenues. The most obvious benefits of legalizing weed in colorado are reflected in its legendary tax revenues. The marijuana industry has developed quickly generating thousands of new jobs.

Visited the state as tourists specifically to indulge in this otherwise illegal. So whats the secret. A new state report on marijuana in colorado found that arrests have dropped significantly since recreational sales began in 2014 primarily because possession charges have plummeted.

For example colorados legal marijuana industry has brought in over one billion dollars in tax revenue to the state since it abandoned prohibition. As previously mentioned marijuana brings about a number of medical benefits. It is estimated there are currently about 10000 people directly involved with this industry with 1000 to 2000 gaining employment in the past few months alone.