re: Colorado passes $1 billion in marijuana state revenue

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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.

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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.