Colorado made history when it became one of the first in the world to legalize cannabis. Since then, it has collected $2.27 billion in taxes and now has about 670 stores and 1200 growers and processors. The state has also, arguably, broken down barriers to legalization since then. Here we'll take a closer look at the statistics and impact from ten years of cannabis legalization.
Colorado and Washington made history a decade ago on Nov. 6, 2012, when they became the first jurisdictions in the world to legalize the possession and sale of cannabis for adults, Washington with a measure called Initiative 502, and Colorado with a measure called Amendment 64.
Since then, legal cannabis legalization has spread to U.S. states from coast to coast and Canada to Uruguay. With this week’s vote and legalization in Maryland and Missouri, cannabis is now legal in nearly half the country.
For more news like this, be sure to download our free cannabis news app.
Ten years ago, voters in Colorado and Washington were asked to vote on legalizing adult-use cannabis with a relatively simple message.
In Colorado, the Campaign to Regulate Marijuana Like Alcohol argued that cannabis is safer than alcohol. And in Washington state, the New Approach campaign explained that legalization is not a panacea but that the benefits outweigh the harms and that the disadvantages of prohibition are far more harmful.
Both campaigns also promised to take money from illegal operators and put it back into state budgets. They also promised to take a product that people were already using and regulate it while ending arrests of those users and that youth use and traffic accidents under the influence of cannabis would not increase.
The data suggest that, overall, this has been the case.
Legal sales began in both states in 2014. Washington state imposes a 37 percent excise tax, while Colorado has three taxes: the 2.9 percent state sales tax on retail sales, the 15 percent cannabis tax on retail sales and the 15 percent cannabis tax on wholesale sales, not including local taxes.
In 10 years, the state of Colorado has collected $2.27 billion in taxes. The state now has about 670 stores and 1200 growers and processors. Most of the taxes go into the “Marijuana Tax Cash Fund,” with mandatory school funding. In 2020-2021, the Colorado Department of Education received $175 million from cannabis revenue and $619.9 million over 10 years.
The funds were allocated to various programs, including bullying or dropout prevention or scholarships to support school entry and reading.
By the end of 2021, Washington state had collected $2.37 billion in taxes, with more than half of that amount going to health care. The state now has 484 cannabis stores and 1,300 growers and processors.
In both states, the taxes collected also fund the cannabis regulation program.
The conclusion has yet to be determined. Current testing methods can only identify that a person has used cannabis, but not when or how much.
Therefore, a person involved in an accident who has cannabis in their system may have used it several days earlier. In addition, there is no national standard for driving under the influence of cannabis, as there is for alcohol. And there is no consensus, based on research, about exactly how cannabis affects drivers.
One study finds that traffic accidents have increased since legalization in Colorado but not in Washington state. Differences in the way regulation was implemented, such as the density of cannabis stores, out-of-state cannabis tourism, or local factors, may explain the different results.
Regarding teenage use, each state’s major youth surveys show that past-month cannabis use among middle and high school students tends to decline.
Washington State Governor Jay Inslee did not support the legalization campaign in Colorado in 2012, when he was running for governor, but called for federal legalization when he ran for president in 2020.
And former Colorado governor and current U.S. Senator John Hickenlooper, who opposed the legalization measure in 2012, said this at an anniversary event last month:
“There was a concern that legalization would lead teenagers to think that it wasn’t that bad, and they would start using more and experimenting more. And one of the great things that Colorado has is a health survey, Healthy Kids Colorado – now over 40,000 participants. But I’m going to govern
—
(Featured image by Esteban Lopez via Unsplash)
DISCLAIMER: This article was written by a third-party contributor and does not reflect the opinion of Hemp.im, its management, staff, or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the company may believe that its expectations are based on reasonable assumptions, the actual results that the company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Newsweed, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Hemp.im assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Hemp.im is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Berlin is launching a pilot project in the Friedrichshain-Kreuzberg and Neukölln districts to study the…
The Czech Constitutional Court overturned a previous ruling accusing Robert Veverka, former editor of Legalizace,…
U.N. High Commissioner for Human Rights Volker Türk has declared the war on drugs a…
Pennsylvania lawmakers have proposed a plan to legalize recreational cannabis by 2025. Projections estimate up…
The DEA just held its first procedural hearing on cannabis reclassification, although the focus was…
The Superior Court of Justice in Brazil has legalized the cultivation, processing, and sale of…