Colorado has surpassed $1 billion in tax income from marijuana gross sales since leisure use was legalized in 2014.
Marijuana tax, license and payment income has reached $1.02 billion, and marijuana gross sales over $6.5 billion, the Colorado Division of Income introduced in a information launch. Colorado has 2,917 licensed marijuana companies and 41,076 licensed people working within the trade.
Marijuana income funds a spread of youth and public well being applications in Colorado, together with psychological well being providers, youth literacy initiatives and anti-bullying applications in faculties. Marijuana tax income goes to each state and native governments.
“This trade helps develop our financial system by creating jobs and producing worthwhile income that’s going in the direction of stopping youth consumption, defending public well being and security and investing in public faculty development,” Governor Polis mentioned in an announcement.
Colorado should proceed to innovate within the marijuana trade within the face of rising nationwide competitors, Polis mentioned. Colorado was the primary state within the nation to legalize leisure marijuana, however since 2014 9 different states in addition to Washington D.C. have adopted go well with, and extra plan to take action.