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.




 
 

 
Kay Hagan immigrants

Immigrant activists target Democratic Sen. Kay Hagan with billboard campaign

This week a group of immigrant activists in North Carolina unveiled a billboard campaign taking aim at Democratic Senator Kay Hagan for her immigration positions. Hagan was one of the five Democratic senators who opposed the DR...
by Adriana Maestas
0

 
 
o1

Why Do Democrats Think They Can Bash Obama and Get Black Votes?

Here are a few election time questions to think over: Why in the world do Democrats think they can bash President Obama and his policies and still win Black votes?  Why should Black voters be motivated to turnout after months...
by Lauren Victoria Burke
0

 
 
7432022562_3733c11c35_k

Supreme Court is allowing Texas to use strict voter ID law in Nov. election

On Saturday, the Supreme Court gave Texas the approval to move forward with implementing a strict voter identification law in the upcoming midterm election. Adam Liptak for The New York Times wrote: “The law, enacted in 2...
by Adriana Maestas
0

 

Advertisement
 
mayor1nyc

Noerdlinger Obsession Verifies NY Reporters Make Way Under $170,000

“It’s none of your f—ing business.” — New York City Mayor Ed Koch.  If you want to learn every detail of every parking ticket or unpaid debt of the Chief of Staff of the wife of the Mayor of New York and her boy...
by Lauren Victoria Burke
1

 
 
young-black-woman-texting

Rising Wireless Taxes Could Jeopardize Mobile Use

Economist Scott Mackey, in conjunction with the Tax Foundation, an independent tax policy research organization, recently released Wireless Taxation in the United States 2014. On average, each month when people pay their wirele...
by Kristal High
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>