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But Compared To The States Budgetary Needs (and Colorados Perpetually Anemic Education Funding ), Its Hardly A Windfall.

That figure leaped to $996 million in 2015 . Impressive as Colorados $1.3 billion market might seem, its a pittance compared to the $53.3 billion that consumers in North America are believed to have spent on the drug in 2016, according to Arcview Market Research. Whats more, the company estimates 87 percent of those sales occurred in the illegal market. “[Colorado] is also reaping the invaluable public health and medical marijuana safety benefits of replacing an underground market with a tightly regulated system.” Mason Tvert, the Marijuana Policy Project [Colorados tax revenue] is just the tip of the iceberg, communications director Mason Tvert of the Denver-based Marijuana Policy Project told The Huffington Post in an emailed statement. The state is also reaping the invaluable public health and safety benefits of replacing an underground market with a tightly regulated system. Marijuana is now being sold in licensed businesses, rather than out on the street, Tvert continued. It is being properly tested, packaged, and labeled, and it is only being sold to adults who show proof of age. The system is working. The extra $200 million in tax revenue is nice. But compared to the states budgetary needs (and Colorados perpetually anemic education funding ), its hardly a windfall. Of that money, $40 million has been set aside for grants to be awarded for public school construction, with the remainder going toward health care, health education, law enforcement and substance abuse prevention and treatment programs.

To read more visit http://www.huffingtonpost.com/entry/colorado-marijuana-sales_us_589dff76e4b03df370d61164

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