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Sun Nov 18, 2012, 08:58 AM

HIGH TIMES: Legalized Pot Is Expected To Be Huge For Washington And Colorado Tax Revenue

http://www.businessinsider.com/marijuana-washington-colorado-taxes-2012-11

***SNIP

"Based on our forecast, the state and local government sector’s share of gross state product (GSP) will grow by 5.0% in 2017 in Washington, and 1.7% in Colorado," wrote IHS economist Steven Frable.

That revenue will prove especially helpful for Washington, which is currently running a 20 percent deficit. (Colorado's deficit is only 2 percent.)

Here are the graphs:



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Reply HIGH TIMES: Legalized Pot Is Expected To Be Huge For Washington And Colorado Tax Revenue (Original post)
xchrom Nov 2012 OP
babylonsister Nov 2012 #1
madokie Nov 2012 #2
Le Taz Hot Nov 2012 #3
uncle ray Nov 2012 #4
CaptJasHook Nov 2012 #5
Logical Nov 2012 #6
theaocp Nov 2012 #7
cilla4progress Nov 2012 #8
UnrepentantLiberal Nov 2012 #9

Response to xchrom (Original post)

Sun Nov 18, 2012, 09:32 AM

1. Great news; once other states see these results,

who knows what might happen?

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Response to babylonsister (Reply #1)

Sun Nov 18, 2012, 09:40 AM

2. I just hope I live long enough for Oklahoma to see the many benefits of legalization of weed

My doubts as that I have that much time left.
Money they'd make off the taxes and the money saved from enforcing the present laws and the cost of incarceration to me it would be a nobrainer.

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Response to xchrom (Original post)

Sun Nov 18, 2012, 09:40 AM

3. And THIS, more than anything,

will get more states to legalize. Nothing speaks louder in our greed-is-good country than money. There's just too much of it to be made and why should the cartels have all the fun?

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Response to xchrom (Original post)

Sun Nov 18, 2012, 11:15 AM

4. colorado springs MMJ dispensaries collected 95,000 in sales tax in October.

i would not be surprised if legal cannabis brought in a million or more a month in sales tax for this one city. that's quite a budget hole being plugged.

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Response to xchrom (Original post)

Sun Nov 18, 2012, 11:48 AM

5. LOL.

Get baked for your state. Like it.

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Response to xchrom (Original post)

Sun Nov 18, 2012, 11:51 AM

6. I guess you Stupid Pot Heads have not seen THIS.....


&feature=watch-now-button&wide=1

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Response to xchrom (Original post)

Sun Nov 18, 2012, 11:52 AM

7. That's the thing.

It's not just about the taxes coming in, but also about the waste of money going out in LE and court costs, too. The amount of money saved is ridiculous.

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Response to xchrom (Original post)

Sun Nov 18, 2012, 11:53 AM

8. The feds

I would be willing to bet good money that Obama and DOJ will NOT pursue prosecutions under fed law in these states. I don't know what form it will take - under the radar or explicit, but I do believe anti-MJ laws at all levels - in states that have passed authorizing MJ legislation (and implement in reasonable, well-considered ways) will go the way of the




DODO!

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Response to xchrom (Original post)

Sun Nov 18, 2012, 11:59 AM

9. Right on.

 

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