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Title: Marijuana is Bringing in Record Tax Cash for Colorado
Source:
Cheat Sheet
URL Source: http://www.cheatsheet.com/culture/m ... cash-for-colorado.html/?ref=YF
Published: Oct 5, 2015
Author: Sam Becker
Post Date: 2015-10-06 11:05:21 by Deckard
Keywords: None
Views: 576
Comments: 5
Doug Pensinger/Getty Images If additional tax revenues are the proverbial carrot-and-stick that will convince state legislators across the nation to buy into the idea of legalizing marijuana, then Colorado’s recent numbers are sure to have lawmakers frothing at the mouth. We’ve been aware the grand experiment that is marijuana legalization, playing out in both Washington and Colorado, has been a success on some level. But new numbers show states could benefit even more than anyone predicted. Colorado, which enacted its legal marijuana trade nearly two years ago, has been raking in tax revenues with surprising efficiency. But the most recent numbers from the state’s Department of Revenue show marijuana taxes are outweighing other revenue streams, even alcohol. Over the course of the past year, Colorado has seen $70 million in marijuana taxes filter into state coffers. Alcohol sales? A mere $42 million. According to a recent article from The Daily Caller, a big reason for the massive gap between the two is that Americans simply spend more money on cannabis, and cannabis-related products, than they do on either alcohol or tobacco. Citing market research from Marijuana Business Daily, it appears that in states where marijuana has been legalized, average spending on cannabis tallies up to $1,800 annually — in contrast to $450 on alcohol, and $315 on tobacco. It’s important to keep in mind these figures only represent two states, both of which take a much more lax attitude overall toward marijuana use than other states. So, those figures could change as new data becomes available. Either way, it’s clear that Colorado seems to have struck gold. In fact, the state has even decided to try and attract more potential consumers to the legal marijuana market by enacting a ‘marijuana tax holiday’. That ‘holiday’ took place on September 16, and led to a rather large spike in foot traffic and sales for the state’s marijuana businesses. “They’ve been setting up doing their advertisements and telling their customers to come on down for special deals,” said Tyler Henson, president of the Colorado Cannabis Chamber of Commerce, per The Denver Post. The results? An apparent home run for the Colorado industry. 
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#1. To: Deckard (#0)
$1,800 for cannabis is 6 ounces.
1. Legalize pot for tax revenue! 2. Moan and cry about the tiny tax.
I think it is $100 per ounce around here. I'm looking for a retirement job.
Then that means in states where marijuana has been legalized dopers consume 18 ounces per year -- average. At one gram per joint, that's almost 10 joints per week. Every week. Average.
I'll let you know once I get into the bidness.
"average spending on cannabis tallies up to $1,800 annually — in contrast to $450 on alcohol, and $315 on tobacco."
#2. To: misterwhite (#1)
#3. To: misterwhite (#1)
$1,800 for cannabis is 6 ounces.
#4. To: Fred Mertz (#3)
"I think it is $100 per ounce around here."
#5. To: misterwhite (#4)
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