It has been five years since Colorado legalized recreational marijuana sales. In that time, the state’s seen a rise in its revenues from taxes on cannabis, voted to use some of that tax money for public education and fighting opioid addiction, while also lowering highway vehicular fatalities. All around it’s been a big success. Colorado’s “experiment” with legalizing marijuana has reached a new milestone: the state has collectively raked in over $1 billion since legalization.
CNBC reports that the revenue Colorado is bringing in are increasing, with April and May of 2019 showing the highest returns the Centennial state has seen, with roughly $24 million coming in each month. Gov. Jared Polis explained the overall success of the legalization of marijuana at a CNBC event recently, “It’s creating tens of thousands of jobs, tax revenue for the state, filling up buildings for landlords and reducing crime.” VIA DAILY KOS