Skyrocketing Tax Revenues from Pot in Colorado–Will Texas Take Note?

Austin City Council will consider a resolution supporting medical marijuana in Texas.

TEXAS: Will the booming taxes being collected in Colorado from marijuana be enough to turn the heads of Texas lawmakers in favor of legalization, or at least lessening the penalties on pot and allowing for taxation?

 

Retail marijuana sales in Colorado brought in $1.4 million in January, and that number jumped to nearly $1.9 million in March, as the popularity of legal marijuana makes using the drug more legitimate for more people.

 

Colorado analysts say the message is simple–the January taxes weren’t just from faddists who ran out to buy pot as a ‘new toy.’  Legal marijuana use is taking effect across the Centennial State, and Cheyanne Weldon of the Texas Chapter of the National Organization for the Reform of Marijuana Laws says Texas politicians can’t help but take notice.

 

“The way we can control it is through a regulated market,” Weldon said of failed efforts to reduce the use of marijuana by law enforcement.  “We can capitalize not only on marijuana taxes themselves, but on the new industries, and the jobs.”

Read full article @ WOAI

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>