The Tax Foundation published a report last year claiming that the Colorado marijuana tax was not keeping funds in the state. The report also claimed that the revenues were going to off-set marijuana related arrests.
If you’re a regular reader of this blog, you might remember that I’ve been a proponent of marijuana legalization for about as long as I’ve been a fan of free markets and libertarian economics. So perhaps it’s no surprise that I’m also a believer in the positive economic benefits of legal marijuana. In Colorado, where marijuana has been legal for adults 21 and over since 2012, the state has collected more than $134 million in taxes and fees in the past five years. There have been over 90,000 legal marijuana sales (mostly by licensed retailers) and over $1 million in sales taxes collected.
Related Tags:
colorado total tax revenue 2019colorado education marijuana taxcolorado total tax revenue 2020colorado tax revenue 2020colorado education budgetcolorado excise tax car,People also search for,Privacy settings,How Search works,colorado total tax revenue 2019,colorado education marijuana tax,colorado total tax revenue 2020,colorado tax revenue 2020,colorado education budget,colorado excise tax car