$ 1 billion won in Colorado since the cannabis revolution

tax revenue colorado

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.

Governor Polis

Le rapport démontre que l’industrie du cannabis au Colorado est florissante mais nous ne pouvons nous reposer sur nos lauriers. Nous pouvons et nous devons faire mieux face à une concurrence nationale accrue. Nous voulons que le Colorado soit le meilleur État pour l’investissement, l’innovation et le développement pour ce secteur économique, a déclaré le gouverneur Polis. Cette industrie contribue à la croissance de notre économie en créant
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.

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.

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

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.

Nearly $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, they were intended for education, health and infrastructure. “Legalization helps the economy and creates jobs.”

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