Legal Marijuana Is A Boon To The Economy
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Legal Marijuana Is A Boon To The Economy
Posted by CN Staff on March 14, 2018 at 05:25:38 PT
By Mona Zhang
Source: Forbes
Colorado -- Researchers found that legalizing marijuana had a positive impact on the economy of Pueblo County, Colo. In a landmark report out of the Colorado State University-Pueblo's Institute of Cannabis Research, researchers found that a taxed and regulated cannabis industry contributed more than $58 million to the local economy, reports The Denver Post.While there was about $23 million in added costs to legalization – including law enforcement and social services – the county still ended up with a net positive impact of more than $35 million.
The research itself was funded by state and local marijuana taxes, reported CPR. "When compared to other similar communities in states where cannabis is not legal in any form, Pueblo appears to be doing better on a number of measures," read the report.The study's authors pointed out some of the harms associated with legalization, including an increase in illegal marijuana grow operations and confusion among law enforcement officers trying to keep up with ever-changing pot regulations. But the report is notable in dispelling some of the harms that are often attributed to legalization: The researchers found no evidence that legal cannabis contributed to increased homelessness or increased youth use of marijuana.Pueblo has made headlines for its scholarships that are funded by a local marijuana excise tax. Last year, the county dedicated $420,000 to scholarships for 210 students. This year, the county is set to triple the number of scholarships it offers as tax collections are expected to top $750,000, reports KOAA.Legalizing marijuana on the federal level could result in an additional $105.6 billion between 2017 and 2025, according to a new report from the cannabis analytics firm New Frontier. That figure includes projections for business tax revenues, payroll withholdings, and a 15% sales tax. Meanwhile, fully legalizing cannabis today would add 654,000 jobs and up to 1 million jobs by 2025.It's clear that marijuana legalization can be a boon to local economies with robust regulatory regimes in place. Contrary to fears that retail marijuana outlets could have a negative effect on property values, a study on Colorado municipalities found that legalization actually led to a 6% increase in housing values.But lawmakers should be wary of legalizing marijuana solely for the potential economic benefits. Colorado's first "marijuana czar" Andrew Freedman, who now consults for governments on legalization matters, has repeatedly warned against legalization for the purpose of generating tax revenue.As he told me in an interview in 2016: "At the end of the day, the debate shouldn’t be about tax revenue. 'Should we lock up fewer people for marijuana?' vs. 'Is this going to create more of a burden on public safety?'—that’s where the debate should be."Source: Forbes Magazine (US)Author: Mona Zhang, ContributorPublished: March 13, 2018Copyright: 2018 Forbes Inc.Contact: readers forbes.comWebsite: -- Cannabis Archives 
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Comment #9 posted by FoM on March 23, 2018 at 12:01:08 PT
It's good to see you. It should be treated like every other crop.
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Comment #8 posted by afterburner on March 22, 2018 at 11:37:25 PT
FoM, Hamilton Farmers Think like You
Treat marijuana like any other farm crop, group tells city.
'A greenhouse is a greenhouse whether you're growing cannabis or flowers or tomatoes'.
Photo of Samantha Craggs.
Samantha Craggs · Reporter · CBC News
March 19, 2018
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Comment #7 posted by The GCW on March 19, 2018 at 20:52:13 PT
Gotta say something UNrelated, yet related.
in the press, there is mention of capitol punishment, that is the act of government murdering a person, for dealing opioids (I believe in some circumstances). Didn't New York try that like 20 years ago and then stopped because there were dealers who would then commit murder to escape punishment due to the fact that the punishment for murder would be no worse???????The policy increased murder rates!Who ever is proposing that policy (You know who) must be special.While You know who is proposing to go backwards;the cannabis movement is going forward.
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Comment #6 posted by The GCW on March 19, 2018 at 16:19:07 PT
Had Enough,
Thanks, may not have seen that one if You didn't post it.Made Me think of the NFL's players interest.-Superplant.
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Comment #5 posted by FoM on March 19, 2018 at 16:02:42 PT
Had Enough
Thank you for the article. Love hearing good news that 
they are starting to get it.
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Comment #4 posted by Had Enough on March 19, 2018 at 15:03:28 PT
Another meaning to the term...Bone....
Scientist Reveal What Cannabis Does to Your Bones…The jig is up...and it's getting closer to closing know...kinda like..."last call is can stay anywhere...but you can't stay here"...the prohibitionist's just got another chink in their armor...and will continue to get more until they go away...
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Comment #3 posted by FoM on March 15, 2018 at 05:25:52 PT
John Tyler
I wish I knew. Maybe it could be purchased online or in D.C. Facebook has a CBD oil group that might know. 
[ Post Comment ]

Comment #2 posted by John Tyler on March 14, 2018 at 19:07:22 PT
Va approves cannabis oil treatment
I read that Virginia has recently passed legislation to approve the use of Cannabis oil and THC A oil as recommended by any physician for any medical condition that they think will help the patient. That is all well and good, however no one has mentioned where the Cannabis oil etc. can be obtained. Has anybody with knowledge of Virginia know how these cannabis oil etc. providers can be contacted? Somebody I know has a seizure disorder that might be helped with cannabis oil treatment. Virginia is slow to this business and they are not getting all of the information fast enough. Thanks.
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Comment #1 posted by Hope on March 14, 2018 at 14:15:23 PT
I'm glad
we were right and the naysayers were wrong.
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