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Legal Marijuana: 9 Charts You Need to See…

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Legal Marijuana: 9 Charts You Need to See…


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On January 1, 2014, Colorado became the first state to legalize the sale and possession of marijuana for recreational use…


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One of the main arguments in favor of doing so was that it would “bolster Colorado’s economy with significant tax revenue and job creation…”


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Whether you agree or disagree with the move, we now know that it has…


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On February 18, 2014, Colorado Governor John Hickenlooper submitted his official budget request for the upcoming fiscal year beginning July 1, 2015…


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Among other things, his request revealed that tax revenues from marijuana sales are exploding…


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In fiscal year 2013, which ends on June 30th, Colorado will earn an estimated $51 million in tax revenue from the sale of marijuana. In fiscal year 2014, the first full year of recreational sales, the figures is expected to increase to $134 million.


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Question: What caused revenue projections to skyrocket? Answer: The addition of recreational sales beginning January 1, 2014.


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You can see why this is when you look at the breakdown in tax revenue from medical and recreational sales. Portion of tax revenues from medical marijuana sales: 12% Portion of tax revenues from recreational marijuana sales: 88%


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Medical Marijuana Sales Recreational Marijuana Sales Where exactly is the revenue coming from?


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What is Colorado going to do with all its newfound riches???


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$40 million will go towards building and improving public schools…


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$45 million will be spent on programs to prevent and deter marijuana use by children…


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$42 million will be used to treat substance abuse…


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$12 million will fund regulatory oversight of the marijuana industry…


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And $12 million will go toward law enforcement and other areas…


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So, is it worth it?


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That remains to be seen. But in the meantime, I invite you to check out a valuable free report about one stock that could make you rich. To access this free report instantly, simply click anywhere on the following slide…


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