Believe it or not, there are a ton of markets that profit from weed legalization. Before Colorado handed Amendment 64 4 years in the past, no one was sure concerning the state’s pot-tential. At the time, many might solely speculate concerning the penalties of legalizing marijuana.
Colorado blazed the path as the primary place on the earth to permit anybody over 21 to buy inexperienced. Its inexperienced rush, and the success of states following its lead, supplies knowledge to argue the advantages of building authorized leisure marijuana, notably for different financial markets.
After Amendment 64, retail shops popped up in neighborhoods by native pizza joints and fuel stations. Like sweet shops, glass show instances in dispensaries provided rows of varied hashish merchandise.
And it didn’t take lengthy to see the consequences. In 2016 retail marijuana gross sales generated round $200 million in state tax income and license charges.
But this doesn’t embrace further income gained in native taxes and costs from cities. In 2015 alone, simply these additional funds paid for Denver’s enforcement, regulation and schooling prices.