Published: September 18th, 2015
Since its legalisation of cannabis, Colorado has been going from strength to strength. Month after month, the state is reporting incredible tax returns, all of which is going back into the state’s infrastructure and education system. So much tax has been raised that they have even had to give some of it back, as well as have a tax-free holiday! Well, they have just hit another milestone, and it is a big one!
For the first time in the history of legalised cannabis, tax revenue for cannabis sales has surpassed those of alcohol in the state of Colorado, USA. It is a huge accomplishment, especially when you consider that alcohol is a titan industry and has been so for as long as living memory. The figures are as follows: alcohol contributed a whopping $42 million in tax to the state, while the cannabis industry contributed a staggering $70 million!
This isn’t to say that the alcohol industry is losing out to cannabis, as many feared it might. Records actually show that the alcohol industry has continued to grow, and may have even be spurred on by the legalisation of cannabis, with many within the industry saying that the two seem to be complimenting each other.
It is also significant because the alcohol industry is one of the biggest opponents of cannabis legalisation, for the stated above fear. The fact that cannabis is not only doing well, but also uplifting the alcohol industry, should ease some of this pressure.
Either way, the cannabis industry is firmly cementing its place in society, and will soon become indispensable. Could you imagine politicians giving up that $70 million+ potential? We can’t. The cannabis industry is growing rapidly – all while crime drops, employment rises, and teenagers act responsibly by staying away from weed. Cannabis is here to stay.