Sunday, December 30, 2012

Legal marijuana set to become a big Colorado industry

Legalized marijuana set to become a big Colorado industry - Denver Post - Steve Raabe:

December 30, 2012 - "Marijuana is poised to make a big splash in Colorado business after the passage of Amendment 64, allowing its legal sale and consumption.....

"In a fiscal-impact study, the Colorado Center on Law & Policy estimates that legal marijuana sales initially could be as much as $270 million a year. Those sales would produce state and local taxes of $47 million a year, plus savings of $12 million a year in law enforcement costs.

"Marijuana tax revenue dedicated to school construction would create an estimated 372 new jobs, according to the study."

Read more: http://www.denverpost.com/news/marijuana/ci_22277867/legalized-marijuana-set-become-big-colorado-industry
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