Sun Nov 18, 2012, 08:58 AM
xchrom (91,581 posts)
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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9 replies, 741 views
| Author | Time | 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
babylonsister (144,376 posts)
1. Great news; once other states see these results,
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who knows what might happen?
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Response to babylonsister (Reply #1)
Sun Nov 18, 2012, 09:40 AM
madokie (36,943 posts)
2. I just hope I live long enough for Oklahoma to see the many benefits of legalization of weed
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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. |
Response to xchrom (Original post)
Sun Nov 18, 2012, 09:40 AM
Le Taz Hot (14,644 posts)
3. And THIS, more than anything,
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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
uncle ray (2,243 posts)
4. colorado springs MMJ dispensaries collected 95,000 in sales tax in October.
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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
CaptJasHook (1,308 posts)
5. LOL.
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Get baked for your state. Like it.
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Response to xchrom (Original post)
Sun Nov 18, 2012, 11:51 AM
Logical (8,477 posts)
6. I guess you Stupid Pot Heads have not seen THIS.....
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&feature=watch-now-button&wide=1 |
Response to xchrom (Original post)
Sun Nov 18, 2012, 11:52 AM
theaocp (1,641 posts)
7. That's the thing.
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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
cilla4progress (2,996 posts)
8. The feds
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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! |
Response to xchrom (Original post)
Sun Nov 18, 2012, 11:59 AM
UnrepentantLiberal (11,700 posts)
9. Right on.
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