Sunday, July 6, 2014

After marijuana legalization: Colorado tax revenue skyrockets as crime falls

The State's legalization of marijuana was based mostly on the ability of the state to collect more taxes, and not the social and moral issues of legalization. They got what they wanted and to boot crime is down too. Of course I have never been one to want to throw some one in jail for the possession of a plant. There are much worse drugs society needs to worry about than marijuana. Look for more states to move in this direction as the true health of the nations economy becomes more apparent. - Gary    

Marijuana Tax

By Daniel Wallis


DENVER (Reuters) – At the Native Roots Apothecary, a discreet marijuana shop in a grand old building in Denver’s busy 16th street shopping mall, business is so brisk that customers are given a number before taking a seat to wait their turn.

There are young men in ball caps, nervous-looking professionals in suits, and the frail and elderly. Staff say customers have been flocking to their outlets since Colorado voted to allow recreational pot use for adults from January.

Six months on, Colorado’s marijuana shops are mushrooming, with support from local consumers, weed tourists and federal government taking a wait-and-see attitude. 
Tax dollars are pouring in, crime is down in Denver, and few of the early concerns about social breakdown have materialized – at least so far.

“The sky hasn't fallen, but we’re a long way from knowing the unintended consequences,” said Andrew Freeman, director of marijuana coordination for Colorado. “This is a huge social and economic question.” 
Denver, dubbed the “Mile High” city, now has about 340 recreational and medicinal pot shops. They tout the relaxing, powerful or introspective attributes of the crystal-encased buds with names like Jilly Bean, Sour Diesel and Silverback Kush.

The Negative


On the down side, sheriff's deputies in neighboring Nebraska say pot seizures near the Colorado border have shot up 400 percent in three years, while Wyoming and New Mexico report no significant increases.


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