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Started By
Message
CO Annual Marijuana Sales Top $1B For First Time
Posted on 12/13/16 at 9:12 am
Posted on 12/13/16 at 9:12 am
.....and it was done after October's sales numbers were released.
LINK
and the best part...
LINK
quote:
DENVER -- Marijuana sales in Colorado surpassed the $1 billion mark for 2016 after October amounts were released by the Colorado Department of Revenue.
The figure is from the legal sales of recreational and medical marijuana at Colorado shops. In 2015, sales just missed the $1 billion mark, totaling $996,184,788 ($587,834,219 for recreational, $408,350,569 for medical).
In October, sales dipped from the record high of a month earlier to $117.84 million ($82.79 million for recreational, $35.05 million for medical).
That brought statewide totals for the year to $1,092,159,291 ($720,731,127 for recreational, $371,428,164 for medical).
In September, a record $127.82 million in sales were recorded ($88.24 million for recreational, $39.58 for medical).
Voters approved Amendment 64 in 2012 and sales began on Jan. 1, 2014. Marijuana sales include a 2.9 percent sales tax, a special 10 percent sales tax and a 15 percent excise tax on wholesale transfers.
and the best part...
quote:
The state has raked in $49.7 million in taxes so far this year. The first $40 million goes for school construction projects with anything over that going to the state's public school fund.
This post was edited on 12/13/16 at 9:22 am
19
Posted on 12/13/16 at 9:14 am to ColoradoAg03
Maybe enough old people will die in Louisiana to get recreational legalized by 2040. Not holding my breath though, as long as the Louisiana state legislature is still a functioning body.
Posted on 12/13/16 at 9:15 am to ColoradoAg03
In general i support legalization but not on the grounds of giving the government more money
Posted on 12/13/16 at 9:16 am to ColoradoAg03
Posted on 12/13/16 at 9:17 am to ColoradoAg03
But Gawd ain't want you tah smoke no plant he put here in the earth.
It's perfeckly nermal to take Oxys and pills manufactured in a laboratory though cuz ma Doctur told me it's ok.
Or Meth my neffew makes in da camper in da woodz cuz he only uses quality stuff.
It's perfeckly nermal to take Oxys and pills manufactured in a laboratory though cuz ma Doctur told me it's ok.
Or Meth my neffew makes in da camper in da woodz cuz he only uses quality stuff.
This post was edited on 12/13/16 at 9:20 am
Posted on 12/13/16 at 9:17 am to Cosmo
quote:This is probably your greatest post.
In general i support legalization but not on the grounds of giving the government more money
Posted on 12/13/16 at 9:18 am to Cosmo
quote:
In general i support legalization but not on the grounds of giving the government more money
I understand that LA state government has a stigma of corruption, but even if the law is specific how the tax revenue has to be allocated?
Posted on 12/13/16 at 9:19 am to ColoradoAg03
Is your high different from whatever elevation you are at?
Posted on 12/13/16 at 9:19 am to ColoradoAg03
The state isn't capable of doing such complicated things as appropriately allocating funds and properly distributing them. They will find a way to throw it away on some dumb study on infrastructure they'll never fix
Posted on 12/13/16 at 9:21 am to ILeaveAtHalftime
quote:Will not happen in my lifetime. But then again, this state is arse backwards on anything that is supposed to improve it.
Maybe enough old people will die in Louisiana to get recreational legalized by 2040. Not holding my breath though, as long as the Louisiana state legislature is still a functioning body.
Posted on 12/13/16 at 9:22 am to ColoradoAg03
quote:
The state has raked in $49.7 million in taxes so far this year. The first $40 million goes for school construction projects with anything over that going to the state's public school fund.
Is this like TOPS where the took the money from casinos and gave it to schools while simultaneously taking away equal amounts of previous funding for schools? Or does that shite only happen in Louisiana?
Posted on 12/13/16 at 9:23 am to ILeaveAtHalftime
quote:
Maybe enough old people will die in Louisiana to get recreational legalized by 2040. Not holding my breath though, as long as the Louisiana state legislature is still a functioning body.
And as long as the LA Sheriff's Association keeps paying for trips to Destin resorts for our lawmakers.
LINK
As well as blowhards like Newell Norman screaming and cursing at the legislature, and using Reefer Madness type dated arguments.
Posted on 12/13/16 at 9:29 am to Cosmo
quote:
In general i support legalization but not on the grounds of giving the government more money
What's the alternative? Keep it illegal, and keep the boat loads of cash with gangs and cartels, while the government still gets a massive payout by prosecuting harmless marijuana users?
Posted on 12/13/16 at 9:33 am to guedeaux
quote:
Is this like TOPS where the took the money from casinos and gave it to schools while simultaneously taking away equal amounts of previous funding for schools? Or does that shite only happen in Louisiana?
A portion of gaming tax revenue goes towards financial aid and classroom instruction at community, junior, and district colleges here.
If any revenue goes to school districts from the casinos, it would be from the gaming tax revenue that goes to the state's general fund, or to gaming towns and counties, but up to respective leadership discretion I guess.
So it's possible that the people who decide on those allocation of funds that could go to schools from gaming tax can say, "The schools are now getting X amount of funds from weed, so we can reallocate X amount of our funds from gaming tax elsewhere now."
This post was edited on 12/13/16 at 9:35 am
Posted on 12/13/16 at 9:34 am to Cosmo
quote:
In general i support legalization but not on the grounds of giving the government more money
The Feds give LA hundreds of millions to enforce marijuana laws.
Posted on 12/13/16 at 9:36 am to ColoradoAg03
quote:
I understand that LA state government has a stigma of corruption, but even if the law is specific how the tax revenue has to be allocated?
this is how that will work
Sold to the bible beaters as money for the schools
Few elections later, new guy campaigns on cutting taxes
See that Weed is basically paying for schools
Cuts taxes so that Weed Sin taxes are basically paying for education
A few years later the budget is shite
This post was edited on 12/13/16 at 9:37 am
Posted on 12/13/16 at 9:37 am to biggsc
quote:
Is your high different from whatever elevation you are at?
I haven't noticed that, like with alcohol. I want to say no, mostly because the weed is so strong and fresh, you're gonna get high as frick no matter what.
Posted on 12/13/16 at 9:38 am to CCTider
quote:
because the weed is so strong and fresh, you're gonna get high as frick no matter what.
This.
Posted on 12/13/16 at 9:40 am to ILeaveAtHalftime
quote:
Maybe enough old people will die in Louisiana to get recreational legalized by 2040. Not holding my breath though, as long as the Louisiana state legislature is still a functioning body.
I'd just be happy if Louisiana would change their cultivation laws, and remove the mandatory minimum sentence. 2-3 plants in your closet shouldn't be punished with time in Angola.
Posted on 12/13/16 at 9:41 am to CCTider
I don't smoke anymore but I would love to grow it.
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