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Title: Governor who called legalization 'reckless' now says Colorado's pot industry is working
Source: L.A. Times
URL Source: http://www.latimes.com/nation/la-na ... 60516-20160516-snap-story.html
Published: May 17, 2016
Author: David Kelly
Post Date: 2016-05-17 12:55:09 by Deckard
Keywords: None
Views: 12914
Comments: 97

When Colorado voted to legalize recreational marijuana four years ago, one of the move's chief critics was Gov. John Hickenlooper.

The moderate Democrat said that if he could "wave a magic wand" to reverse the decision, he would. Then he called voters "reckless" for approving it in the first place, a remark he later downgraded to "risky."

“Colorado is known for many great things,” Hickenlooper said. “Marijuana should not be one of them.”

But the governor’s views have softened. During a recent panel discussion at the Milken Institute Global Conference in Los Angeles, he said that despite opposing the legalization of pot, his job was to “deliver on the will of the people of Colorado.”

“If I had that magic wand now, I don’t know if I would wave it,” he said. “It’s beginning to look like it might work.”

It was the latest in a series of comments Hickenlooper has made signaling what looks like an evolution of his views on marijuana. In April last year, during an interview with Fox Business host Maria Bartiromo, Hickenlooper said legal weed was “not as vexing as we thought it was going to be.”

And during an appearance on "60 Minutes," he predicted that Colorado might “actually create a system that could work” in successfully regulating marijuana.

Why the change?

“The predictions of fire and brimstone have failed to materialize,” said Mason Tvert, spokesman for the Marijuana Policy Project, a national group working to reform pot laws. “Most Coloradoans, including the governor, recognize that the law is working.”

From the start, Hickenlooper saw the legalization of marijuana as a great national experiment, something utterly new in this country and fraught with potential public health and safety issues.

He fretted about a potential rise in drug use among children and was clearly uncomfortable with an amendment directly conflicting with federal law, which considers pot an illegal drug on par with cocaine.

There were plenty of snags at first. Marijuana edibles proved especially problematic because few people had experience with them. High-profile overdoses made national news. Just last week a lawsuit was filed against the maker of a marijuana-laced candy, alleging the product triggered a "psychotic episode" that caused a man to kill his wife in 2014.

The predictions of fire and brimstone have failed to materialize. Most Coloradoans, including the governor, recognize that the law is working. — Mason Tvert, spokesman for the Marijuana Policy Project

Still, none of Hickenlooper’s worst fears were realized.

Colorado is booming. The state has a 4.2% unemployment rate, one of the best in the country. High-tech companies are moving in. Small towns across the state, some once teetering on the brink of bankruptcy, have been saved by tax revenues from pot dispensaries. And the $1-billion-a-year cannabis business will pump $100 million in taxes into state coffers this year.

Andrew Freedman, director of marijuana coordination for Colorado, said the governor’s views reflect a growing sense of optimism about how the industry is regulated.

“In the short run, there have been a lot fewer public safety and health issues than the governor feared in the beginning,” said Freedman, who is often referred to as the state’s marijuana czar. “In the beginning, we had problems with edibles and hash oil fires but now, for the most part, Colorado looks a lot like it did before legalization.”

Marijuana consumption has not changed much from pre-legalization levels and there has been no significant increase in public health and safety problems, he said.

As for the $100 million in tax revenue, Freedman noted, that's out of a $27-billion state budget.

Some 70% of the money is earmarked for school construction, public health initiatives and other projects. The rest goes back into regulating the industry.

“The governor has called this a grand experiment from the beginning. He looks at data points as he goes along and I think he’s pleasantly surprised that there were not as many challenges as he thought,” Freedman said.

“He would say the jury is still out on this experiment but he’s optimistic.”

Some are less circumspect.

“The state’s image is actually rising. We were just ranked as the best place to live in America,” Tvert said. “The idea that businesses would not relocate here or conferences wouldn’t be held here was untrue. In fact, attendees at conferences are now offered pot tours as day trips.”

Kelly is a special correspondent based in Denver.

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Begin Trace Mode for Comment # 26.

#4. To: Deckard (#0)

Now that pot is legal, how many cops will be fired? Prosecutors? Judges? Prison guards? I say ... none.

How many courtrooms will close? Jails? Prisons? I say ... none. Zero savings. Zilch.

And the $1-billion-a-year cannabis business will pump $100 million in taxes into state coffers this year.

Sure it will. I say half that. If they're lucky. But they'll need all of it to cope with twice as many people smoking dope -- especially teens.

misterwhite  posted on  2016-05-17   19:18:38 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Deckard, misterwhite, GrandIsland (#4)

And the $1-billion-a-year cannabis business will pump $100 million in taxes into state coffers this year.

This is being espoused as a WINDFALL $100 million tax increase for the state.

But is it really?

Let’s do the math.

Potheads were spending $1 billion on “something” and the taxes on that “something” resulted in $100 million in taxes before pot was legalized..

Now after pot is legalized, the potheads take the same $1 billion and transfer that same money into buying pot which “pumps the same $100 million in taxes into state coffers.”

For this old country boy, ill equipped in the dealings of high finance … that is called, a “wash.”

To paraphrase the “Where’s the beef” catchphrase, “Where’s the increase?”

Gatlin  posted on  2016-05-17   20:04:12 ET  Reply   Untrace   Trace   Private Reply  


#8. To: Gatlin, Deckard (#7)

Let’s do the math.

Potheads were spending $1 billion on “something” and the taxes on that “something” resulted in $100 million in taxes before pot was legalized..

Now after pot is legalized, the potheads take the same $1 billion and transfer that same money into buying pot

That's publik skool math. Potheads were spending on black-market pot on which no taxes were paid; now many are spending their pot money in legal stores and paying taxes.

ConservingFreedom  posted on  2016-05-17   20:08:16 ET  Reply   Untrace   Trace   Private Reply  


#17. To: ConservingFreedom, Deckard, misterwhite, GrandIsland, A K A stone (#8)

Let’s do the math. Potheads were spending $1 billion on “something” and the taxes on that “something” resulted in $100 million in taxes before pot was legalized..

Now after pot is legalized, the potheads take the same $1 billion and transfer that same money into buying pot

That's publik skool math. Potheads were spending on black-market pot on which no taxes were paid; now many are spending their pot money in legal stores and paying taxes.

Well, of course … sure … naturally.

Ah, such an amazingly simple deduction.

So simple that even I should have thought of it.

But, wait …

Let’s consider your hypothesis closely and then do some more of that “publik skool math.”

First, we need to ask: What were the drug dealers doing with the money they received from selling black-market pot?

Were the burning it, flushing it down the toilet or disposing it in any other way … so that taxes would never be paid on it?

Of course they were not.

Then what were they doing with the money?

The drug dealers were spending the money they received from selling black-market pot on fancy cars, flashy clothes and numerous other lavish items … on which they PAID taxes.

While the money can change hands a few times in the “underground economy” … it however does eventually come back into “lawful” circulation, being spent on legit purchases and taxes are paid.

Ergo, for this old country boy equipped with “publik skool math”… that is STILL called, a “wash.”

Est-ce pas droit … is this not right ?

Gatlin  posted on  2016-05-17   21:24:54 ET  Reply   Untrace   Trace   Private Reply  


#21. To: Gatlin (#17)

The drug dealers were spending the money they received from selling black-market pot on fancy cars, flashy clothes and numerous other lavish items … on which they PAID taxes.

And legal dealers will also spend their proceeds in taxable ways - leaving the legal market still taxed one more time than the illegal market.

ConservingFreedom  posted on  2016-05-17   22:41:58 ET  Reply   Untrace   Trace   Private Reply  


#24. To: ConservingFreedom (#21)

The drug dealers were spending the money they received from selling black-market pot on fancy cars, flashy clothes and numerous other lavish items … on which they PAID taxes.

And legal dealers will also spend their proceeds in taxable ways - leaving the legal market still taxed one more time than the illegal market.

But that does NOT create more money ... the same amount of money is still changing hands in circulation.

It has been a couple years now since Colorado started to allow people to sell and buy pot legally. Last year, Colorado brought in $53 million in taxes as a result. Nowhere is it stated that $53 million is above and beyond the taxes they normally receive. It is to be noted that the state fell far short of it $70 projection.

“Publik skool math” shows that even if the $70 million projection is met, that's still mere drop in the bucket when considering the state's total budget of $27 billion. Yet the potheads are still promoting what a wonderful windfall pot sales are producing in taxes.

Shameful … just shameful.

Est-ce pas droit … is this not right ?

Gatlin  posted on  2016-05-17   22:52:13 ET  Reply   Untrace   Trace   Private Reply  


#25. To: Gatlin (#24)

But that does NOT create more money

Who said it did? It creates one more opportunity to tax.

Last year, Colorado brought in $53 million in taxes as a result. Nowhere is it stated that $53 million is above and beyond the taxes they normally receive.

Feel free to present evidence that there was a corresponding drop in other tax revenues.

It is to be noted that the state fell far short of it $70 projection.

“Publik skool math” shows that even if the $70 million projection is met, that's still mere drop in the bucket when considering the state's total budget of $27 billion.

All irrelevant to your stupid and rebutted claim that it was a wash. Poor you.

ConservingFreedom  posted on  2016-05-17   22:57:01 ET  Reply   Untrace   Trace   Private Reply  


#26. To: ConservingFreedom (#25)

I thank you for your time, and I wish you a most pleasant evening …

Gatlin  posted on  2016-05-17   23:38:30 ET  Reply   Untrace   Trace   Private Reply  


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