- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Colorado passes $1 billion in marijuana state revenue
Posted on 6/13/19 at 12:01 pm
Posted on 6/13/19 at 12:01 pm
quote:
Colorado has now generated more than $1 billion in total state revenue from the legal marijuana industry, another milestone for the state that legalized cannabis in 2014.
Colorado already has posted some big numbers: More than $6 billion in total sales of cannabis since the birth of the new industry — over $6.5 billion at the end of May, according to just-released monthly data from the state. And the state’s revenue from adult-use marijuana sales has accelerated.
LINK
Posted on 6/13/19 at 12:02 pm to RLDSC FAN
They need to clear out the homeless with some of that money.
Posted on 6/13/19 at 12:03 pm to RLDSC FAN
Louisiana is so damn dumb
Posted on 6/13/19 at 12:05 pm to Motorboat
Louisiana would waste the money anyway
Posted on 6/13/19 at 12:05 pm to Motorboat
quote:
Louisiana is so damn dumb
I agree. We already have the homeless so we may as well get the revenue. Downtown Denver did have near as many bums before legalization that I could tell.
Posted on 6/13/19 at 12:05 pm to RLDSC FAN
Do it in Lewzianer and there will be more money for politicians pockets.
Posted on 6/13/19 at 12:07 pm to LSUintheNW
they do that shite all the time
just like rounding up the fricking Canada geese, they just come back and shite all over everything.
just like rounding up the fricking Canada geese, they just come back and shite all over everything.
Posted on 6/13/19 at 12:08 pm to RLDSC FAN
I’m so happy Louisiana didn’t take advantage of money like that
Posted on 6/13/19 at 12:08 pm to RLDSC FAN
Taxed at ~25%, correct?
Geezus.
Geezus.
Posted on 6/13/19 at 12:10 pm to RLDSC FAN
Good for them. Maybe one day we'll get out of the dark ages.
Posted on 6/13/19 at 12:10 pm to RLDSC FAN
I hate it when people use tax revenue generation as a selling point
Posted on 6/13/19 at 12:10 pm to RLDSC FAN
ITS FOR THE DEVILLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!!!!!!!!!!!!!!!!
-Louisiana
-Louisiana
Posted on 6/13/19 at 12:11 pm to RLDSC FAN
Again, this is misleading.
People are buying marijuana, but they are doing so by switching their spending habits to mj from other products.
Every dollar spent on mj is a dollar not spent elsewhere, so the billion dollars in revenue doesn’t represent an actual gain in a billion dollars for the state, it just means the state lost a billion dollars in sales tax revenue in other industries which is now being spent in mj shops.
We call this substitution effect in economics
People are buying marijuana, but they are doing so by switching their spending habits to mj from other products.
Every dollar spent on mj is a dollar not spent elsewhere, so the billion dollars in revenue doesn’t represent an actual gain in a billion dollars for the state, it just means the state lost a billion dollars in sales tax revenue in other industries which is now being spent in mj shops.
We call this substitution effect in economics
Posted on 6/13/19 at 12:11 pm to KurtRussell
quote:
Maybe one day we'll get out of the dark ages.
Posted on 6/13/19 at 12:12 pm to HailHailtoMichigan!
quote:
Every dollar spent on mj is a dollar not spent elsewhere, so the billion dollars in revenue doesn’t represent an actual gain in a billion dollars for the state, it just means the state lost a billion dollars in sales tax revenue in other industries which is now being spent in mj shops.
We call this substitution effect in economics
Well, also, a huge reason they're generating this kind of money is because it's illegal in a ton of other states
Posted on 6/13/19 at 12:13 pm to RLDSC FAN
Mississippi could solve it’s infrastructure problems by bringing the lottery to the state and legalizing marijuana but we would never do that.
And we could raise teacher pay but no one wants easy solutions to hard problems
And we could raise teacher pay but no one wants easy solutions to hard problems
Posted on 6/13/19 at 12:13 pm to canyon
quote:
they do that shite all the time
just like rounding up the fricking Canada geese, they just come back and shite all over everything.
I meant permanently.
Posted on 6/13/19 at 12:14 pm to HailHailtoMichigan!
Or these people could have been buying weed illegally, therein giving Colorado no tax revenue.
25% > 0%
25% > 0%
Posted on 6/13/19 at 12:14 pm to HailHailtoMichigan!
quote:Wouldn't it still be a gain for Colorado? Spending money on something that is taxed higher vs taxed lower means they still come out ahead.
Every dollar spent on mj is a dollar not spent elsewhere, so the billion dollars in revenue doesn’t represent an actual gain in a billion dollars for the state, it just means the state lost a billion dollars in sales tax revenue in other industries which is now being spent in mj shops.
Popular
Back to top
Follow TigerDroppings for LSU Football News