Colorado Making $125 Million More Now that Weed is Legalized, Alcohol and Cigarettes Plummet

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It seems that the public is finally starting to spend less on cigarettes, but there is more than awareness campaigns to credit for the change.

Preferences seem to have changed since Marijuana was legalized last year.

The drug is doing flourishing trade. Latest figures, albeit only from the last seven months, show the Colorado government has become around $70 million richer thanks to exorbitant taxes.

In the meanwhile, alcohol has contributed only $42 million to the tax pool.

If the current trend continues, by the end of the year the government can expect to collect an estimated $125 million.

The new and steady income stream is so lucrative that the authorities have decided to the reward the fledgling industry.


The Marijuana Policy Project’s Director of Communications Mason Tvert said that the $69,898,059 collected from taxes was a sum large enough to warrant a day’s relaxation in.

“Marijuana taxes have been incredibly productive over the past year, so this tax holiday is a much-deserved day off. This will be the one day out of the year when the state won’t generate significant revenue.

Over the other 364 days, it will bring in tens of millions of dollars that will be reinvested in our state,” he commented.




If the latest research is anything to go by, the marijuana business will boom at an unprecedented rate.

A University of Michigan research indicates that daily use of marijuana amongst young people, particularly teens and college students, is on the rise. Smoking and drinking, which were once much favored by this age group, are declining interests.

This is a promising statistic in light of the fact that thousands of people lose their lives to alcohol and cigarettes, while marijuana does not have such a heinous track record.

Many people have decided to take up Cannabis because the social stigma is on its way out; perhaps, the reason why sales have skyrocketed.




This is despite the fact that Marijuana sellers are not allowed to publicly advertise the drug.

President of the Colorado Cannabis Chamber of Commerce said legalizing the drug made people more comfortable.
“They don’t see it as something that’s bad for them,” he added.

However, that does not cover up the fact that this is a goldmine earning opportunity for the government.
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Filming Cops
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Filming Cops was started in 2010 as a conglomerative blogging service documenting police abuse. The aim isn’t to demonize the natural concept of security provision as such, but to highlight specific cases of State-monopolized police brutality that are otherwise ignored by traditional media outlets.

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  • Robyn Ryan

    I remember when lawyers weren’t allowed to advertise on TV and cigarettes were. It gets better.

  • Chris Sorochin

    Some advocates seem to have the idea that mind-altering substances and their use are somehow mutually exclusive. I went to college in the 1970s when weed was # 1, but we didn’t stop drinking or smoking tobacco. Lots of us like a drink and/or a cig when we’ve go a nice buzz on.

    • Techutante

      It’s a common economics theory called substitution. If you have 400 a month in mad money, and the only thing you can buy with it is booze and cigs, then that’s what you’ll spend it on. Now along comes weed, and the stigma seems to be vanishing, and you can get more for less money, then you spend 300 on weed, and 100 on booze and cigs instead. It’s the same as if you’re in the grocery store, and you were going to buy a pound of hamburger, but you see that three pounds of chicken is on sale for the same price, you’re maybe going to buy the chicken instead.

      • Chris Sorochin

        There hasn’t been any actual “stigma” against weed for more than 40 years. There’s been a mighty attempt to manufacture stigma on the part of our friends in government, but in reality marijuana is mainstream drug and has been for a long time.

        • Techutante

          You’re living in a fantasy land there friend. I’m glad your imagination is so welcoming. It has been a mainstream drug, but anyone caught taking it has been banned, fired, or fined pretty much forever. Did you not see that UFC fighter suspended 5 years because of a failed pot test? That happened like a month ago. Total stigma.

          • Chris Sorochin

            “Total stigma” would mean that no one would ever admit to smoking weed because everyone would treat them as pariah. Being a pot smoker would be something akin to being a child molester. Far from what actually happens. Yeah, UFC commission and other officialdom lags far behind actual society. What else is new?

    • Rick

      You are a fool. everyone knows that. Also, your first sentence make little sense.

      • Chris Sorochin

        You obviously don’t spend much time on pro-marijuana sites. There’s an unfortunate amount of self-righteousness about how “good” weed is and how “evil” other things are.

  • Eenai

    and no one complains that the government makes this much
    wtf
    idiots

    • Lee Rothman

      One difference is booze and more so cigarettes KILL. Hopefully it will continue this trend until cigarettes are all but gone from the scene

      • Chris Sorochin

        Get a clue. Life kills.