COLORADO: Several states are considering legalizing recreational marijuana, but in Colorado where recreational pot is now legal, Gov. John Hickenlooper thinks marijuana sales will bring in more than $600 million a year, with $134 million in taxes.
One small town, Garden City, Colo., is already seeing a windfall.
A four-by-five block, one-stoplight town, Garden City now knows something about cashing in on temptation. It’s the only town in a county of 4,000 square miles where recreational pot sales are legal. [Read more…]