Going to Pot?

colorado-recreational-marijuana-sales

Nearly five months into Colorado’s great pot experiment, the early returns are good. In Denver, home to the bulk of the first-in-the-nation retail stores, violent crime fell by 5.6 percent over the first four months of the year, with major property crimes down nearly twice that, according to the city’s police. State coffers, meanwhile, are flush with tax revenues from the nearly $50 million worth of recreational weed that was sold through March, the last month for which official estimates are available. Those sales translate into $7.3 million for the state, a number that jumps to $12.6 million when you factor in medical marijuana and licensing fees. Lawmakers are already trying to figure out how to spend future revenues that are projected to reach $98 million this year alone

Read original article on Slate.com

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