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re: Colorado passes $1 billion in marijuana state revenue
Posted on 6/13/19 at 12:12 pm to HailHailtoMichigan!
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
2
Posted on 6/13/19 at 1:45 pm to upgrayedd
quote:
Well, also, a huge reason they're generating this kind of money is because it's illegal in a ton of other states
True.
Of all the reasons pot should be legal, the idea that the state will get more tax revenue is the weakest argument for me. I don't want them to have more money to waste.
Posted on 6/13/19 at 2:09 pm to upgrayedd
quote:this is a big reason why you see so many more losers and a spike in related crime in cities like Denver and Seattle
Well, also, a huge reason they're generating this kind of money is because it's illegal in a ton of other states
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