Legal Cannabis Is Literally Transforming Cities — Funding Roads, Schools, Charities And More
Two years after Colorado began its first retail sales of cannabis, towns and cities across the state are enjoying the benefits in a number of ways. With sales this year expected to reach $1 billion, local governments are seeing windfalls of tax revenue, which is funding education, recreation, infrastructure improvements, and even aid to the homeless.
The small town of Mountain View may be able to dispel its reputation for collecting revenue through speeding tickets, now that two pot shops reside there.
“We have such a small tax base,” said Mayor Jeff Kiddie, who opposed pot stores. “Medical and retail marijuana have definitely helped the town’s bottom line. I’d be lying if I said it didn’t.”
Similar stories abound in the 22 counties and 62 cities that allow retail cannabis sales.
In Aurora, which has collected millions in sales taxes and fees since October 2014, the City Council keeps...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin