Marijuana tax revenue one fifth of 2014’s projected value
When Colorado recreational pot shops first opened their doors on January 1st, 2014, the Governor’s officer was hopeful, estimating marijuana tax revenues $134 million. The state has currently collected $31.6 million in retail marijuana sales and excise taxes for 2014. With marijuana tax revenues nowhere near their expected value, all projections and protections we were promised with legalization are now brought into question. This includes adequately educating children and teenagers about the harms associated with using Colorado’s marijuana, which has become a harder, stronger drug since legalization as levels of THC, the psychoactive ingredient in marijuana, are reaching record highs.