Colorado Medical Marijuana Industry Generated Nearly $200 Million in Taxes Last Year

Colorado Medical Marijuana Industry Generated Nearly $200 Million in Taxes Last Year

A look at tax receipts over the last fiscal year show that medical marijuana dispensaries paid over $180 million in taxes last year. There’s over 500 businesses in the state selling marijuana to qualified patients.

Baring federal interference, retail outlets selling recreational cannabis to adults will be open by next year, further expanding the marijuana industry, including all adults 21 and older wishing to consume, recreationally or medicinally: state officials predict the outlets to bring in roughly $1 billion taxes.

The current medical marijuana industry in Colorado produces thousands of jobs – a recreational market will generate thousands more. Clearly cannabis legalization is one of the biggest weapons we have against high unemployment rates, and this fact is likely to help push legalization efforts forward in other states quicker than they might otherwise move.

Legalization measures are alive in Oregon, Maryland, Maine and others, and initiatives are in the works in states like California.

With a majority of Americans supporting legalization, and with truth on our side, an end to prohibition is inevitable. We look forward to the day when the U.S., and the rest of the world, can take advantage of the plethora of benefits legalization will bring, such as bringing forth millions of dollars and tens of thousands of new jobs.

– TheJointBlog