Politic365

 
 


Policy

7:55pm January 1, 2014

Marijuana law takes effect in Colorado, $70 million in tax revenue anticipated

1189275698_71992aad1e_b

Colorado’s new voter approved, recreational marijuana law takes effect today. Adult Colorado residents will now be able to legally purchase up to one ounce of marijuana, while visitors can purchase a quarter ounce from government approved retailers.

Colorado and Washington voters approved ballot measures in 2012, and Colorado is the first state to implement the recreational marijuana law.

According to The Huffington Post:

“In November, Colorado voters also approved a 25 percent tax on all recreational-marijuana sales. The taxes are expected to generate roughly $70 million in additional revenue for the state in 2014.

“I think it’s a success story,” said state Rep. Dan Pabon (D-Denver), who helped write the state’s marijuana law. “But I think it’s actually much broader than a marijuana success story — this is Democracy and public policy making at its best.”

Pabon also noted that the law is only as good as its enforcement, and that it will truly be tested in the months following Jan. 1.”

Other states are expected to follow Colorado and Washington’s lead with signature gathering for similar initiatives underway in California and in Oregon. A recent poll shows that support for legalization in California is running high at 60% with the state’s registered voters.

A recent report published by the American Civil Liberties Union shows that blacks are more likely to be arrested for marijuana possession than their white counterparts. Most Latino arrests have been miscounted as “white arrests” according to the same report.



About the Author

Adriana Maestas
Adriana Maestas is the senior contributing editor of Politic365.com.




 
 

 
ferg87

Only African American on St. Louis Board of Elections Removed

“When you have a county that has at least 45 percent minority population you would hope that would be reflected on the St. Louis County Board of Elections. As of right now every single member of the St. Louis County Board...
by Lauren Victoria Burke
2

 
 
AC-Ferg-1

Positive Vibes From Ferguson Activists After Dinner With Black Caucus

Youth Movement.  ”Where do I start?  How about undefinable frustration? It seems we can’t even catch our breath from our first tragedy before being hit by another gut-punch from a second, third, and fourth.  The nam...
by Lauren Victoria Burke
3

 
 
ferg8

Eight Ferguson Related Bills in Congress

FERGUSON LEGISLATIVE UPDATE.  Think that Ferguson related legislation can’t pass the Republican controlled House and Senate? Think again. What is the one issue that congressional Republicans and Democrats have found rar...
by Lauren Victoria Burke
5

 

Advertisement
 
5665183743_3604a2686f_b

Childhood poverty: majority of U.S. public school students eligible for free or reduced lunch

Rising income inequality in the U.S. has produced a startling statistic: 51% of U.S. public school children in pre-K through 12th grade were eligible under the federal program for free and reduced-price lunches in the 2012-201...
by Adriana Maestas
0

 
 
ferg1

Ten CBC Members Headed to #Ferguson on Eve of King Holiday

Black Caucus Members Headed to Ferguson. At least 10 members of the Congressional Black Caucus will travel to Ferguson, Missouri on January 18 — the day before the Martin Luther King Holiday.  They will attend a church...
by Lauren Victoria Burke
1

 




One Comment



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>