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Colorado Making Hundreds of Millions off Weed Taxes!!

Starter: NightCruiser Posted: 11 years ago Views: 749
#4831940
Lvl 4
Rocky Mountain HIGH Colorado.....Pass the Doritos's haha, I think they should legalize Marijuana everywhere. Weed and screwing the ladies goes together

http://www.denverpost.com/news/ci_25185649/hickenlooper-expects-marijuana-tax-money-exceed-prior-expectations

"Colorado Gov. John Hickenlooper, who opposed marijuana legalization, is bullish about the revenue the legal cannabis industry will bring in for the state, according to a new budget proposal Hickenlooper submitted Wednesday.

In the proposal, Hickenlooper's budget office says it expects the recreational and medical marijuana industries will pump nearly $134 million in tax and fee revenue into state coffers in the fiscal year beginning in July. Extrapolating from those figures, the proposal estimates sales in all marijuana stores to approach $1 billion for that fiscal year. Recreational pot shop sales are estimated to account for more than $600 million of that — a more than 50 percent increase over a previous projection.

However, the analysis also hedges its predictions.

"It is important to note that these amounts are estimates based on a number of assumptions of the new industry," the proposal states. "We anticipate that these projections will change monthly as more data is collected and actual revenue could fall short of these projections."

Still, the tallies are the first state estimates to be released since recreational marijuana sales began in stores Jan. 1. And they are significantly higher than previous projections. The most comparable prior projection — a fiscal analysis attached to the bill last year that placed special marijuana taxes

Read more: Hickenlooper expects marijuana tax money to exceed prior expectations - The Denver Post http://www.denverpost.com/news/ci_25185649/hickenlooper-expects-marijuana-tax-money-exceed-prior-expectations#ixzz2u5K0S9qz
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#4832075
Lvl 4
One funny thing is some girl scouts have shown business sense and are selling lots of cookies where Pot is sold. People waiting in line have the munchies haha
#4832469
Lvl 8
Surprise, surprise! People like weed and will buy it by the boatload when they're not forced to buy from drug dealers. It's only a short time before the rest of the country wakes up.
#4832492
Lvl 4
I think it is going to be like pulling teeth to get the Bible Belt states to legalize it. Churches demonize Pot a lot more than Beer, wine and liquor . They watched too many old Hippie movies haha Hard to get those State to legalize Industrial Hemp much less Stoners. True, the entire war on drugs is one big failure. Just like Prohibition failed. Just put mo money in gangsters pockets
A Republican President from the South(if elected) may start enforcing the federal laws against Pot
#4832518
Lvl 8
Money trumps everything. Once they see how much money they can make on it, their "morals" go out the window. I would not be surprised to see a complete repeal on marijuana prohibition in the next ten years.
#4832519
Lvl 8
Quote:
Originally posted by NightCruiser

A Republican President from the South(if elected) may start enforcing the federal laws against Pot


Contrary to what many believe, President Obama has been sicking the feds on suppliers and distributors in "legal weed" states like California for a while.
#4832526
Lvl 4
Quote:
Originally posted by Davey45
...

Contrary to what many believe, President Obama has been sicking the feds on suppliers and distributors in "legal weed" states like California for a while.


Yea he has but he recently came out and said he wouldn't bother states that legalized pot. Saying it was no worse than alcohol
#4832530
Lvl 29
I'm hoping that broke ass Ohio will figure this out soon!!