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 pabill-gives-states-marijuana-tax-power-thcftients.

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

4 thoughts on “Colorado Medical Marijuana Industry Generated Nearly $200 Million in Taxes Last Year”

  1. Are you a member of Compassionate Idaho? We have a petition circulating to get medical cannabis on the 2014 ballot. There is a fb page.

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  2. I really don’t know where to start. I’m a 57 year old lady that lives in idaho. I have a very bad heart so I smoked pot which I was going along very well. My caregiver would get this for me. It worked so well. Then idaho state police busted into my house and took my caregiver to jail. He has three felonys on him and I have been thrown in to the Twin falls jail twice. I have 7 felonys. When I got out the last time I ended up getting a pacemaker put in. I have no money for an attorney so I’m sure that will end me up in jail again. The court has not decided yet what to do to me. But I’m sure we all can figure this one out. They find it better to give me man made drugs that really screw me up. I have kids and grand kids I sure would like this all to go away,before I loose my life. I’m just saying!!!

    Pot is an herb that grows in the ground, if god wouldn’t have wanted it wouldn’t have been found so for all u yuppies that have go high shut the fuck up and give it a try. It is medicine of some of us but instead. Your going to fill the jails for very stupid reasons.

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