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Colorado's marijuana year-over-year tax income doubles in March
Posted on 5/15/15 at 5:08 pm
Posted on 5/15/15 at 5:08 pm
Colorado received $8.9 million in tax revenue from the sale of marijuana in March, double the $4 million it received in March 2014.
Sales-tax numbers from March were reported to the state in April and made public in a report from the Department of Revenue Thursday.
So far in fiscal 2014-2015, the state has received $68 million in sales-tax receipts from marijuana, up from $16 million in the first fiscal year recreational marijuana was legal. The state's fiscal year runs from July 1 to June 30, meaning that the year-to-date figures include sales-tax receipts from the second half of 2014 as well as the first three months of 2015.
The Public School Capital Construction fund got a $2.5 million boost from marijuana sales tax in March, for a year-to-date total of $12 million.
Including all marijuana taxes and fees, the state collected $9.9 million in March. LINK
I keep waiting for the momentum to slow, but it doesn't. Nine million here, nine million there, pretty soon you're talking increased standard of living.
Sales-tax numbers from March were reported to the state in April and made public in a report from the Department of Revenue Thursday.
So far in fiscal 2014-2015, the state has received $68 million in sales-tax receipts from marijuana, up from $16 million in the first fiscal year recreational marijuana was legal. The state's fiscal year runs from July 1 to June 30, meaning that the year-to-date figures include sales-tax receipts from the second half of 2014 as well as the first three months of 2015.
The Public School Capital Construction fund got a $2.5 million boost from marijuana sales tax in March, for a year-to-date total of $12 million.
Including all marijuana taxes and fees, the state collected $9.9 million in March. LINK
I keep waiting for the momentum to slow, but it doesn't. Nine million here, nine million there, pretty soon you're talking increased standard of living.
This post was edited on 5/15/15 at 5:10 pm
22
Posted on 5/15/15 at 5:09 pm to Loveland Tiger
can't happen here soon enough
Posted on 5/15/15 at 5:14 pm to Loveland Tiger
But, but it's so bad for you!!!
....
While I sip on my alcoholic beverage
....
While I sip on my alcoholic beverage
Posted on 5/15/15 at 5:15 pm to Loveland Tiger
And I bet there is zero quantifiable crime increase over the same time period.
Posted on 5/15/15 at 5:15 pm to Loveland Tiger
People are dying left and right in Colorado from marijuana overdoses, and all people like you care about is the money. Makes me sick.
Posted on 5/15/15 at 5:21 pm to Loveland Tiger
2 of my buddies are flying to Denver for the weekend. 90% was just to buy marijuana products. 
Year 1 it was just locals. Now more shops have opened and half the people who visit are buying now. It's becoming almost a tourist attraction.
Incredible. America is going to look like morons when we go back and read history and how long we've missed out on all this revenue in every state.
Year 1 it was just locals. Now more shops have opened and half the people who visit are buying now. It's becoming almost a tourist attraction.
Incredible. America is going to look like morons when we go back and read history and how long we've missed out on all this revenue in every state.
Posted on 5/15/15 at 5:21 pm to Loveland Tiger
Imagine having a public school fund like that in Baton Rouge.
Posted on 5/15/15 at 5:23 pm to LSUzealot
quote:To be fair, it's not like other countries are legalizing it.
credible. America is going to look like morons when we go back and read history and how long we've missed out on all this revenue in every state.
Posted on 5/15/15 at 5:24 pm to LSUzealot
It's most definitely a tourist attraction
Posted on 5/15/15 at 5:26 pm to Loveland Tiger
Why are we judging this by the amount of taxes it brings in? The true beauty of this is more economic freedom and freedom of trade and commerce.
Posted on 5/15/15 at 5:27 pm to Loveland Tiger
I wonder how their business tax base fared as opposed to last year? I read an article or seen a documentary on TV that was saying some businesses are moving away from Colorado, because all their employees were high and it was affecting their bottom line. Plus, you can't just look at the effects of legal marijuana in a tax microcosm - you have to weigh all the effects in order to truly see if you even have a "zero-sum game," much less a net positive.
Posted on 5/15/15 at 5:27 pm to SECSolomonGrundy
Im sure ups & fedex have seen a nice spike in sales too this past year.
Posted on 5/15/15 at 5:28 pm to ipodking
All you have to do is look at a tiny town like where I grew up in East Texas. We shunned the sins of beer, wine and whiskey for decades. All of the righteous drive 12 miles to another TINY town to get their fix. That tiny town has schools that look like Junior Colleges. Perfect streets.
I don't get it.
I don't get it.
This post was edited on 5/15/15 at 5:29 pm
Posted on 5/15/15 at 5:31 pm to efrad
quote:
People are dying left and right in Colorado from marijuana overdoses
Posted on 5/15/15 at 5:31 pm to RDOtiger
We have an office in Colorado and test every employee at least once a quarter
Posted on 5/15/15 at 5:32 pm to Loveland Tiger
It can happen to anyone
This post was edited on 5/15/15 at 5:33 pm
Posted on 5/15/15 at 5:33 pm to RDOtiger
quote:
I wonder how their business tax base fared as opposed to last year? I read an article or seen a documentary on TV that was saying some businesses are moving away from Colorado, because all their employees were high and it was affecting their bottom line. Plus, you can't just look at the effects of legal marijuana in a tax microcosm - you have to weigh all the effects in order to truly see if you even have a "zero-sum game," much less a net positive.
Apply this logic to drinking, and yet, it's legal.
If someone wants to get high or drunk and then go to work, they will, and they can get fired. No reason to treat these two things differently
The type of person Who would show up to work high after legalized pot is the same person who was smoking dope before it was legal...and going to work. You don't magically create irresponsible people.
This post was edited on 5/15/15 at 5:36 pm
Posted on 5/15/15 at 5:41 pm to Sao
From my little piece of heaven, things are going great. The people are very friendly and happy. Real estate is on fire. Business is good. Growth almost everywhere. Particularly Northern Colorado.
Almost every standard if living index has Colorado or it's cities ranked very high. You can find something negative if you look hard enough, I guess. Time will tell, but we've had MM for many years. Most of the problems have been worked through.
Almost every standard if living index has Colorado or it's cities ranked very high. You can find something negative if you look hard enough, I guess. Time will tell, but we've had MM for many years. Most of the problems have been worked through.
Posted on 5/15/15 at 5:48 pm to TheSHU
Posted on 5/15/15 at 5:50 pm to RDOtiger
quote:
e. Plus, you can't just look at the effects of legal marijuana in a tax microcosm - you have to weigh all the effects in order to truly see if you even have a "zero-sum game," much less a net positive.
Yes. You have to also look at the cost savings of fewer arrests, fewer jail beds, not having criminal convictions hampering people trying to work, lighter caseloads of DAs and public defenders, etc
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