Not counting medicinal weed sales, Colorado sold nearly $19 million in their recreational weed market in the month of March, and $1.9 million of that goes straight into government coffers and towards building schools. At this pace, according to PolicyMic, Colorado will make $30 million this year in pot taxes alone.
What’s even more promising is that these numbers are still low estimates, as the recreational and medicinal marijuana markets (coinciding just fine, take note Washington) are likely to keep trending upward. Many say that a figure closer to $60 million in weed tax revenue is a more likely assumption. Medical marijuana is also not as heavily taxes as recreational marijuana, and hopefully it will stay that way.
The cherry on top of this tax-generating cake? Crime rates are also down in Colorado, so while kids are hopefully going to get a better education, the government (idealistically) will spend more money improving infrastructure and other business opportunities for Colorado citizens, and unemployment rates are plummeting. The Colorado police can take a little rest from their duties.
Crime rates in Colorado have dropped by 10.6% while Dunkin Donuts has begun expanding its brand in the state (really). It looks like a really good future for people living in Colorado, or any state that legalizes both medical and recreational marijuana – though it is admittedly too early to tell.
Read: Colorado Crime Rates Down 14.6% Since Marijuana Legalization
Is it ludicrous to conclude that perhaps happy, smokers of marijuana have no time for violence and expend their energy elsewhere? Probably, but it’s looking more and more like a reality. When you legalize this plant, people have less to be angry about–and less angry people means less crime.
The only draw-back of legalization in Colorado? It’s snowing in May. But only Nancy Grace would attribute that to ganja and not global warming. And whether Nancy and the haters like it or not, more recreational dispensaries are coming to Denver, Boulder, and beyond.