Legalized Marijuana Could Generate $100 Million In Revenue Annually For Colorado: Report
OPS_admin | Aug 16, 2012 | Comments 0
If marijuana is legalized in Colorado, a new report suggests that it could be a boon for the state, generating nearly $60 million in revenue for the state in the first year of legalization with that figure projected to grow to around $100 million dollars after five years.
Talk about high times.
According to a new report from the Colorado Center on Law & Policy, the passage of Amendment 64 — the ballot measure that seeks to legalize and regulate marijuana like alcohol for adult use — in November will produce hundreds of new jobs, raise millions for the construction of Colorado public schools and raise $60 million annually in combined savings and revenue for Colorado’s budget.
By 2017, the report projects that that budget figure could nearly double. The report expands on these six findings which Amendment 64, if passed, would create:
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