• Colorado collects $2m in marijuana taxes in January
    76 replies, posted
[url]http://www.bbc.com/news/business-26523833[/url] [img]http://news.bbcimg.co.uk/media/images/73494000/png/_73494880_marijuana.png[/img] [quote]The US state of Colorado collected $2m (£1.2m) in taxes from newly legalized recreational marijuana businesses in January. Colorado became the first US state to legalize the commercial sale of cannabis in 2012, and stores opened for business on 1 January 2014. In total, 59 marijuana firms filed tax returns on an estimated $14m in sales. Overall, the state collected a total of $3.5m in marijuana taxes if medical marijuana firms are included.[/quote] I'll bet Illinois is next, I bet our corrupt politicians are drooling thinking about the money they could steal each year. But really though, this is great and I hope this trend continues.
I don't smoke weed anymore or any less [media]http://www.youtube.com/watch?v=NMvb8BZv5zY[/media] [420]JackThaBongRipper
thats it? tbh i expected more.
[QUOTE=Eeshton;44197917]thats it? tbh i expected more.[/QUOTE] I'd say it's pretty good. It's never been legal before, it's a brand new sector and most of the sales at this point are localized around one city(denver) as the sector opens up, the income will be higher. I am optimistic after seeing these numbers, because like I said they've only had a couple months to get set up, hell I bet a lot of the weed that's being sold now was illegal when it was first planted.
[QUOTE=Eeshton;44197917]thats it? tbh i expected more.[/QUOTE] That's a lot for one month of sales, especially since it was illegal a few months ago
Just think, if it's legalized in all states, there could be a potential income of 100 million dollars per month. Just for selling a plant.
[QUOTE=iggy650;44198030]Just think, if it's legalized in all states, there could be a potential income of 100 million dollars per month. Just for selling a plant.[/QUOTE] Way more than that. The market right now is centralized in just Denver. Imagine when it becomes a normal thing to have a Marijuana Corner Store.
[QUOTE=iggy650;44198030]Just think, if it's legalized in all states, there could be a potential income of 100 million dollars per month. Just for selling a plant.[/QUOTE] Much more than that I'm sure. Colorado ain't nearly the most populous state.
How much do they tax tobacco in the US? More than weed?
the economy is saved
Make pot mandatory. Every man, woman, and child.
[QUOTE=download;44198126]How much do they tax tobacco in the US? More than weed?[/QUOTE] Depends on the state tax on tobacco, but there is a federal tax on it which is at $1.01 per pack I believe. New York has a $4.35 tax per pack, which is the highest. The lowest is Virginia with $0.30 per pack.
Even though im not a huge fan of pot, im all for taxing it and making money and hopefully putting that money towards making the state better.
And many more lives are saved by the medical benefits of it. Oh look the pharma lobbyists are getting pissed!
[QUOTE=Eeshton;44197917]thats it? tbh i expected more.[/QUOTE] when you really break it down you realize that this was just 1 MONTH. That's an extra 2 mil a month they weren't seeing before.
Woohoo! Get legalized in New Orleans next!
imagine every state collecting mj taxes logic
[QUOTE=sYnced;44198738]imagine every state collecting mj taxes logic[/QUOTE] If each sate in the US collected 2 million a month off mary taxes that would be a total of 1,200,000,000. Or in other words, 1.2 billion $$$$$$$$$$$. Not to mention that is just from the actual marijuana that is sold. If it was federally legalized each state could open more shops that sell bongs, papers, pipes, etc etc which increases that number even more. Now imagine it in 2-3 years after more non-smokers explore the idea of smoking weed with their friends in legal states and increase that.
[QUOTE=Big Dumb American;44198245]Make pot mandatory. Every man, woman, and child.[/QUOTE] Great boost for the food industry.
[QUOTE=KamenMoore;44198845]If each sate in the US collected 2 million a month off mary taxes that would be a total of 1,200,000,000. Or in other words, 1.2 billion $$$$$$$$$$$. Not to mention that is just from the actual marijuana that is sold. If it was federally legalized each state could open more shops that sell bongs, papers, pipes, etc etc which increases that number even more. Now imagine it in 2-3 years after more non-smokers explore the idea of smoking weed with their friends in legal states and increase that.[/QUOTE] The thing is that the demand still outweighs the supply by far. Most cities do not have dispensaries yet, some are still deciding whether or not they even want to allow them. I think this number ($2m/month) will double and then stabilize once supply and demand equal out. I also think that some states' income will be substantially lower, and a few much higher. There's also the possibility of export to other countries that have legalized the drug, but that's a whole other subject with it's own drawbacks and risks. edit: On the other hand I wonder what the impact of 'weed tourism' is since Colorado is the only place you can do that.
This is partially why i want weed legalized, the taxes from the sales would push our economy [I]through the roof.[/I]
[QUOTE=Zaravan;44198987]This is partially why i want weed legalized, the taxes from the sales would push our economy [I]through the roof.[/I][/QUOTE] The taxes will only really help fund certain state/federal projects. The surge in sales of SNACKS, however, will boost local/national economies tremendously. :v:
[QUOTE=frozensoda;44197860] I'll bet Illinois is next, I bet our corrupt politicians are drooling thinking about the money they could steal each year. [/QUOTE] I fuckin' wish. Illinois has a huge stick up its ass about marijuana.
Oregon is probably next. It's astounding that Washington beat us to the punch.
[QUOTE=monkey11;44199759]Oregon is probably next. It's astounding that Washington beat us to the punch.[/QUOTE] Not really. I mean we're better at everything so it's not that astounding.
[QUOTE=zakedodead;44200477]Not really. I mean we're better at everything so it's not that astounding.[/QUOTE] Except humility, evidently
If you look towards Colorado, you can see a large cloud in the sky on a clear blue day.
[QUOTE=zakedodead;44200477]Not really. I mean we're better at everything so it's not that astounding.[/QUOTE] Washington is just the try-hard Oregon. Oh, Oregon gets lots of rain? We get buckets!
[QUOTE=KamenMoore;44198845]If each sate in the US collected 2 million a month off mary taxes that would be a total of 1,200,000,000. Or in other words, 1.2 billion $$$$$$$$$$$. Not to mention that is just from the actual marijuana that is sold. If it was federally legalized each state could open more shops that sell bongs, papers, pipes, etc etc which increases that number even more. [B]Now imagine it in 2-3 years after more non-smokers explore the idea of smoking weed with their friends in legal states and increase that.[/B][/QUOTE] What the fuck man? You're saying it as if it's good that everybody will be smoking weed.. I really don't mind people smoking it but that's just a terrible atitude "hopefully more people will smoke so the government gets more money"
[QUOTE=Crhem van der B;44200701]What the fuck man? You're saying it as if it's good that everybody will be smoking weed.. I really don't mind people smoking it but that's just a terrible atitude "hopefully more people will smoke so the government gets more money"[/QUOTE] I don't know about you but I sure as fuck would smoke more pot if it was easier to get.
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