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Skyler Mckinley, Deputy Director Of Colorado Gov.

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 colorado marijuana 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. ( Heres a flowchart explaining how marijuana is taxed, and where the proceeds are spent.) Marijuana tax revenue is not going to cover the states budget, but it is going to cover important programs and services that would otherwise be left out of it, Tvert said. Experts caution that Colorados sales may plateau in 2017 and beyond, as other states begin to legalize marijuana and market pressures exert a downward force on the wholesale price of cannabis. Colorado has had a really good run, being the first mover, Miles Light, an economist with the Marijuana Policy Group, told The Denver Posts Cannabist blog this week. Now, as other states legalize, some of these external benefits that are occurring are going to be eroded. Another factor that could weigh on the industry or perhaps even eliminate it entirely is President Donald Trumps newly confirmed attorney general, Jeff Sessions . Sessions previously called legalization of the drug a mistake, and said that we need grown-ups in Washington to say marijuana is not the kind of thing that ought to be legalized. The big lesson we tell other states is you probably shouldnt legalize marijuana if you want to make money thats not why you do it, J. Skyler McKinley, deputy director of Colorado Gov. John Hickenloopers (D) office of marijuana coordination, told HuffPost in 2015 .

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

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