Infographic: Colorado Financial Report
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After being legal in Colorado for one full year, we can now see how marijuana legalization is contributing to economic growth. Medicinal and recreational marijuana can take credit for more than $67 million in taxes and fees. Recreational marijuana alone supplied the Colorado government with 49.3 million additional dollars.
To ensure the safety of the local children, Colorado Gov. John Hickenlooper suggests that the first $40 millions should be spent on youth marijuana prevention. Others have propose that the funds should be spent on building new schools. Either way, one thing is for sure: Colorado’s economy flourished when marijuana was legalized, and other states are starting to take note.