Since the dawn of time any form of government in existence taxes or at least wants to tax its people. It’s a necessary evil we need to live with in order to have a working government and the amenities we depend on for basic survival. Another reason, thinking a bit more locally, would be to raise enough money to keep roads paved and clean, keep school functioning. Two essential details that most might not consider on a day-to-day basis. Colorado marijuana legalization has proven something quite interesting and pretty compelling.
Since the first recreational marijuana dispensaries opened up in Colorado, something started to happen. Many people had already speculated that making recreation marijuana use legal would open doors for the government to tax the stuff and make a profit as well. Who doesn’t like profit? More importantly, what government doesn’t like profit? So that’s exactly what Colorado set out to do, and so far, it’s proven to be quite the right idea.
This past April, Colorado marijuana sales tax alone topped out at over $3.5 million in sales and excise taxes. In total, the entire state raked in over $22 million in sales. If you add the sales from recreational marijuana stores, you peak at a whopping $31 million. Thirty one million dollars from medicinal marijuana and recreational marijuana in Colorado generated in one month, and the state didn’t plan to let any of the sales tax go to waste.
Look, I know how annoying it is to have to pay sales tax on things. Especially something you might be able to get behind a gas station, from a guy wearing a hoodie, and not having to pay the extra dough. But! The sales tax earned from recreation marijuana in Colorado will be going towards schools and roads, and will be spent mostly on things that regular states might not be able to afford to do. Most states simply don’t have the luxury of remodeling a school, expanding its walls, creating sports fields, enlarging parking lots. Some states have a hard enough time as it is trying to get new books for its classrooms. Freshly paved streets, and ultimately, safer traveling conditions are just the icing on the cake.
There is a virtually limitless variety of ways Colorado can spend their tax money from recreational marijuana sales, which makes it even harder to understand how more states don’t jump aboard as well, considering the amount of money we could be making for our local schools and other important uses that don’t just benefit us, but our children as well.