$ 1 billion won in Colorado since the cannabis revolution

Photo Illustration by Sarah Rogers / The Daily Beast

Colorado legal industry continues to grow, tax revenues exceed expectations, official report says

Since 2014, revenue from taxes, licenses and legal cannabis rights has been the largest contributor to health, public safety and human services programs, totaling $ 1 day according to the monthly reports of the Canadian Ministry of Revenue (CDOR) for data on sales and revenues of cannabis released last Wednesday.

tax revenue, billion dollars, Colorado
Governor Polis

Le rapport shows that the cannabis industry in Colorado is thriving, but we cannot rest on our laurels. We can and must do better in the face of increased national competition. We want Colorado to be the best state for investment, innovation and development for this economic sector, said Governor Polis. This industry contributes to the growth of our economy by creating
jobs and generate valuable income that serves to prevent drug use among youth, protect public health and safety, and invest in school construction.

To date, revenue is just over $ 1,02 billion and sales have exceeded $ 6,56 billion. Colorado currently has 2 license holders and 917 people licensed to work in the industry.

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Five years ago, retail sales taxes funded the very first public market: education campaign and science committee to examine health effects as commissioned by Colorado voters.

Today, as retail sales remain stable, outreach efforts include community-based prevention with youth in more than 50 communities to scale up local efforts, said Tista Ghosh, chief medical officer of health and environment. More and more adults are aware of the laws surrounding cannabis and more and more parents are talking to their children about the related risks and most young women are aware of the dangers of use during pregnancy, childbirth and childbirth. breastfeeding.

The tax revenue funds Colorado Department of Education programs such as the Building Excellent Schools Today (BEST) as well as the School Health Professional Grants Program and Prevention Grants Program. bullying in school and for education.

tax revenue, billion dollars, Colorado

The Colorado Department of Social Services uses the Marijuana Income Fund to fund:

  • community-based behavioral health programs
  • mental health services for youth and adults
  • diversion of criminal justice
  • alcohol and other drug use disorders
  • detoxification and addiction services
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In addition, the funds support the Pueblo and Fort Logan Mental Health Institutes and Tony Grampsas Youth, which is a collection of community-based youth service programs. who target youth and their families for prevention and intervention services in the National Capital Region. efforts to reduce incidents of youth crime and violence, prevent youth marijuana use, and prevent child abuse and neglect.

Almost $ 7 billion worth of cannabis and its derivatives have been sold in legal stores since 2014. More than a billion of them entered state coffers and by law were intended for education, health and infrastructure. “Legalization helps the economy and creates jobs. "

Tags : AdolescentBusinessColoradoKidsEnvironmentTax
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