According to an official report Colorado's legal industry continues to grow, tax revenues exceed expectations
Since 2014, revenue from taxes, licenses and legal cannabis rights has been the largest contributor to health, public safety and human services programs, totaling $ 1 day according to the monthly reports of the Canadian Ministry of Revenue (CDOR) for data on sales and revenues of cannabis released last Wednesday.
Le buena relación shows that the cannabis industry in Colorado is flourishing but we can not rest on our laurels. We can and must do better in the face of increased national competition. We want Colorado to be the best state for investment, innovation and development for this economic sector, "said Governor Polis. This industry contributes to the growth of our economy by creating
jobs and generate valuable revenues that serve to prevent youth consumption, protect public health and safety, and invest in school construction.
To date, revenue is just over 1,02 billion and sales have exceeded 6,56 billion. At present, Colorado has 2 917 license holders and 41076 people licensed to work in the industry.
Five years ago, retail sales taxes helped finance the first-ever public market: education campaign and science committee to examine the health effects as mandated by Colorado voters.
Today, while retail sales remain stable, outreach efforts include community-based youth prevention in more than 50 communities to increase local efforts, said Tista Ghosh, Chief Medical Officer of Health and Wellness. environment. More and more adults are aware of the laws surrounding cannabis and more and more parents are talking to their children about the risks involved and most young women are aware of the dangers of drinking during pregnancy, childbirth and breastfeeding.
Tax revenues support programs from the Colorado Department of Education such as the Building Excellent Schools Today (BEST) and the School Health Professional Grants Program and the Prevention Grant Program. bullying at school and for education.
The Colorado Department of Social Services uses the Marijuana Income Fund to fund:
- community-based behavioral health programs
- mental health services for youth and adults
- diversion of criminal justice
- Alcohol and other drug use disorders
- detoxification and addiction services
In addition, the funds support the mental health institutes in Pueblo and Fort Logan and Tony Grampsas Youth, which is a set of community-based youth services programs. which target youth and their families for prevention and intervention services in the National Capital Region. efforts to reduce incidents of youth crime and violence, prevent marijuana use among youth and prevent child abuse and neglect.
Nearly 7 billion dollars of cannabis and its derivatives have been sold in legal stores since 2014. More than a billion of them entered the state coffers and, according to the law, were earmarked for education, health and infrastructure. "Legalization helps the economy and creates jobs."