Colorado Marijuana Tax Revenue To Exceed $184 Million

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The Centennial state of Colorado is looking to rake in some serious green this year as the state is projected cultivated $184 million in new tax revenue from the sale of recreational pot – with much of that green rush tax revenue headed towards teaching kids to think twice before hitting their first joint.

Colorado’s Joint Budget Committee released their report last week. In it, the committee projected a revenue of about $610 million from retail and medical marijuana from Jan. 1 of this year to June 30, 2015, the end of the next fiscal year.

The new found wealth had the committee scrambling to allocate the $103.5 million to various programs: $45.5 million for the prevention of youth marijuana use; $40.4 million for treatment of substance use; $12.4 million for public health; $1.8 million for regulatory oversight; $3.2 million for law enforcement and public safety; and $200,000 for something called “statewide coordination.”

  

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Born in Long Beach, raised on the central coast: I surf, dab, burn, and blog – though not necessarily in that order. I'm a husband, a father and a lifelong consumer of connoisseur grade weed. I don't drink alcohol or consume any other "drugs." I consider myself to be living proof that weed is not a gateway drug. If it were, I'd be in some serious trouble. Instead, as a 50-year-old ex-realtor that has been smoking weed for nearly 80% of my life (just did the math) ... I can only say, marijuana is safer than prescription pills or alcohol could ever hope to be for calming what stirs the savage beast.