Saturday, July 5, 2014

Colorado's booming legal weed economy

It's not just the $10M in taxes the state's earned in four months -- it's also the $12-40M in law enforcement savings from not busting and imprisoning pot smokers.
And then there's the huge economic dead-weight losses averted by not turning productive working people into felons and destroying their families by putting them in jail. Pot related arrests -- the major source of drug busts -- are down 50%. Murders are down more than 50%.
The governor (who opposed legalization) is projecting $134M in tax revenue next year.

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