Denver Post Marijuana Editor: Pot to Generate $40 Million in Tax Revenue

Chris • 1 hour 22 minutes ago Report Abuse

i live in boulder - this is huge. full disclosure, im 54, somewhat well to do from a life of hard work in high tech, pot smoker since age 16, fit, now running 20 miles/week, semiretired.

put it this way, when it comes to looking at secondary businesses that benefit (equipment, soil, amendments sale), i realized how big it will be the other day while picking up stash at the local apocethary. they now dispense buds in custom designed/fabbed injection molded containers specific for the product. there is mention that "this container conforms to CO Amendment 22". that is a lockable container to control its use. so not only is there a guy out there who has antied up $50k for a mold, there are countless lawyers and business folks in this. pile on the tourist trade that will boom (no longer need to fly to amsterdam). i wonder, if you are an east coast weed-friendly skier frustrated with rear view mirror thinkers, when booking a ski trip to the midwest will you land in denver or salt lake city? i rest my case. by the way, we have a condo at the base of keystone resort that i would be willing to rent and even go to the drug store for you.

Markle wrote:What a joke.  What makes them think people are going to pay $40 million in Taxes.  Look at New York, they raised taxes on cigarettes astronomically in the hopes of additional revenue.  Instead, people started going out of state to get their cigarettes and bootlegging of cigarettes inside the city.  Their revenues dropped.

Same will happen in Colorado.  They'll buy their pot elsewhere and accidents in Colorado will increase along with fatalities.  Kids will start smoking it sooner and hard drug use will increase.

What a plan!

surfnrg wrote:

Markle wrote:What a joke.  What makes them think people are going to pay $40 million in Taxes.  Look at New York, they raised taxes on cigarettes astronomically in the hopes of additional revenue.  Instead, people started going out of state to get their cigarettes and bootlegging of cigarettes inside the city.  Their revenues dropped.

Same will happen in Colorado.  They'll buy their pot elsewhere and accidents in Colorado will increase along with fatalities.  Kids will start smoking it sooner and hard drug use will increase.

What a plan!

Anyone wants to smoke pot is already smoking pot. The pot sold in Colorado is very high grade plus u can grow so many plants at home i believe.

The real point is just like prohibition the people want this and are defying the laws in enough numbers to make it unenforceable anywhere in the country.

The laws controlling use will look a lot like alcohol in spite of the fact that being stoned and being inebriated have totally different results.

Pot should be legal everywhere controlled and taxed by each state.

surfnrg wrote:

Markle wrote:What a joke.  What makes them think people are going to pay $40 million in Taxes.  Look at New York, they raised taxes on cigarettes astronomically in the hopes of additional revenue.  Instead, people started going out of state to get their cigarettes and bootlegging of cigarettes inside the city.  Their revenues dropped.

Same will happen in Colorado.  They'll buy their pot elsewhere and accidents in Colorado will increase along with fatalities.  Kids will start smoking it sooner and hard drug use will increase.

What a plan!

Anyone wants to smoke pot is already smoking pot. The pot sold in Colorado is very high grade plus u can grow so many plants at home i believe.

The real point is just like prohibition the people want this and are defying the laws in enough numbers to make it unenforceable anywhere in the country.

The laws controlling use will look a lot like alcohol in spite of the fact that being stoned and being inebriated have totally different results.

Pot should be legal everywhere controlled and taxed by each state.