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Home 🌿 Marijuana Politics 🌿 New Schools, Less Crime: Colorado Sees Benefits Of Marijuana Legalization 🌿

New Schools, Less Crime: Colorado Sees Benefits Of Marijuana Legalization

Submitted by Marijuana News on Thu, 08/20/2015 - 08:45

DENVER — Colorado’s successful experiment in marijuana legalization is bringing in millions of dollars of revenue per month while simultaneously benefiting schools and contributing to a drop in crime rates.

Colorado reached over $50 million dollars in recreational cannabis sales in June, breaking the state’s previous record, according to Ricardo Baca, a staff writer for Denver Post’s The Cannabist. In addition, medical sales reached $25 million.

Based on the state’s various taxes on marijuana sales, Baca reports that the state has earned over $60 million dollars in marijuana tax revenue so far this year.

Along with legalization, Colorado voters approved a 15 percent excise tax on wholesale marijuana sales that is only to be used for school construction. According to another recent report from Baca, Colorado schools have earned $13.6 million in just the first five months of 2015, a sharp increase over 2014, when the tax generated a...

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