— Herbal Elements (@HerbalColorado) April 12, 2014
Vending machines and big money:
Colorado, the first state to tax legalized recreational marijuana sales, expects to bring in an estimated $98 million in revenue this year, exceeding the state’s original expectations by 40 percent. […]
The funds are slated for treatment, school construction and deterring young people from using the drug. School districts will likely get $40 million, or nearly 30 percent, of the projected $134 million in total marijuana tax revenues. New revenues will only make up 1.4 percent of the state’s available general fund.
I wonder how the state legislators in Wyoming, Nebraska, New Mexico and Utah feel about this, because I”m sure that $134 million isn’t coming from just Colorado residents.