Colorado’s Experience With Legal Pot Has Governors Curious

DISTRICT OF COLUMBIA:  Colorado Democrat John Hickenlooper has a firm answer to other U.S. governors asking him about marijuana as source of revenue: Just say no.

Hickenlooper said this weekend that about a half-dozen called or asked him at this weekend’s National Governors Association meeting in Washington about his state’s experience legalizing recreational pot. They want to know about the potential to collect money and avoid the costs of enforcement and incarceration, he said.

Colorado projected last week that sales would generate more than $100 million a year toward a general fund of about $9 billion. But Hickenlooper, who opposed legalizing marijuana, said he’s telling fellow governors that he’s not counting on it to lower other taxes or for spending — and that they shouldn’t, either.

“It’s not a panacea,” Hickenlooper, 62, said in an interview. “It’s not going to solve your revenue problems.”

Read full article @ Herald Extra