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Feb-20-2014 15:41printcomments

Colorado Marijuana Tax Revenue Greatly Exceeds Expectations

"...the fact that prohibition empowers criminal gangs, undermines public safety and is ultimately ineffective beat tax revenue as compelling reasons in my mind." - Major Neill Franklin (Ret.), executive director of Law Enforcement Against Prohibition.

Marijuana in Colorado
hemp.org

(DENVER) - Though official estimates expected about $70 million in tax revenue from marijuana sales annually in Colorado, after seven weeks of sales government officials now believe revenues will be closer to $98 million.

That figure doesn't even include law enforcement and other savings, yet at a time when most states are choosing between cutting social programs or raising taxes or both, Colorado is having to decide what to do with an extra $28 million. It's pretty extraordinary, according to Major Neill Franklin (Ret.), executive director of Law Enforcement Against Prohibition.

"Money isn't the best reason to legalize marijuana - the fact that prohibition empowers criminal gangs, undermines public safety and is ultimately ineffective beat tax revenue as compelling reasons in my mind - still, when was the last time you heard about a state receiving tens of millions of dollars in unexpected tax income? In this era of cutbacks, that money is going to change people's lives."

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