Sunday, November 15, 2015

The legal marijuana market in Colorado

Colorado Amendment 64, legalizing recreational marijuana use, was passed in 2012 and went into full effect in January 2014. Legal sales are becoming big business, presumably not just at the expense of previously illegal sales in former black markets.
From http://www.thecannabist.co/2015/02/12/colorado-marijuana-sales-2014-700-million/27565/ 


This brings in tax revenues too: Colorado pot taxes: Over the first six months of 2015, the state has pulled in a total of $60.7 million in marijuana taxes, fees


Here are the regulations regarding retail marijuana use in the city of Denver.

I haven't read reports of increases in traffic accidents or crime, although the New Republic has a story saying that all the additional marijuana is driving up real estate prices, as tourists and growers compete for residential and commercial real estate: The Housing Crisis Amid Denver’s Cannabis Boom

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