In Colorado , effects since 2014 include increased state revenues, violent crime decreased, and an increase in homeless population. One Colorado hospital has received a 15% increase in babies born with THC in their blood.
November 6, 2012
Recent research has shown that legalizing marijuana reduces violence and trafficking associated with the illegal drug trade thereby reducing the power and wealth of cartels and drug gangs. On top of reducing drug related crime , legalizing marijuana has shown to be a meaningful avenue of raising tax revenue.
One motivation for legalization is the economic benefits that can come from the regulated commercial availability of marijuana . Increased tax revenues, job growth, and investment opportunities all are powerful incentives to push for legalization .
Customers are technically permitted to buy only 1 ounce at a time (there are about 28 grams in an ounce, so you ‘d have to spend a lot before getting into the danger zone), but that ounce can be accumulated from multiple dispensaries .
In 2017, Colorado made more than $247 million in marijuana taxes, licenses and fees. Ever since recreational marijuana was legalized in 2014, the purse has gotten bigger and bigger.
Coloradans can grow marijuana in their homes for personal use. Up to six plants are allowed per Colorado resident over age 21, with as many as three plants flowering at one time. Beginning January 1, 2018, all residences will be limited to a maximum of 12 plants unless certain requirements are met.
In Colorado , which also legalized recreational pot last fall, stores will be allowed to sell hash and hash oils. The term ” hash ” covers a variety of marijuana preparations, but is generally the compression or concentration of cannabis resin rich in THC.
Since legalization of marijuana for medical or general use would increase marijuana use rather than reduce it and would lead to increased rates of addiction to marijuana among youth and adults, legalizing marijuana is not a smart public health or public safety strategy for any state or for our nation.
CONs : On the downside, because psychoactive drugs , including marijuana , do cause acute psychological impairments when people use the drug , as well as addiction (about 9% of marijuana users), the increased accessibility, de-stigmatization, and decreased price that comes with legalization , would result in more users and
It is therefore critical to note that there remains no compelling evidence that legalization increases adolescent cannabis use . In the United States, legalization has been associated with increased use by adults, but not by youth.
Colorado legal pot industry sales grew 3 percent in 2018, top $6 billion since recreational use began. Colorado’s regulated pot industry sales have topped $6 billion since legal recreational marijuana sales began and taxes generated by the industry grew by nearly 8 percent last year, the state reported Tuesday.
Unlike most American businesses, which pay electronically or by check, most of these marijuana-product firms were forced to pay their federal taxes in cash. Although cash payments are not explicitly required by the IRS , an estimated 70% of all legal cannabis businesses are unbanked.