Marijuana’s popularity is growing. As time goes by more countries are legalizing the marijuana industry. It is becoming legal to grow, buy and use marijuana. The times are changing. It is marijuana’s time to show its vast benefits. Colorado was one of the first states to legalize marijuana cannabis. And they have started to see the effects of medical marijuana benefits, and marijuana benefits on a whole. Several weeks ago it was reported that Colorado earned $53 million in tax revenue from marijuana sales. And they expect this number to grow based on projections. Those results helped to show other undecided states that the medical marijuana benefits are real and tangible. Now more recent and positive reports that Colorado has generated $2.35 million for schools from marijuana sales is even more encouraging.
Colorado’s Encouraging Marijuana Sales Results
Colorado’s Department of Revenue reported around $36.4 million of recreational marijuana sales in January, according to Thecannabist.co. In comparison to last years January sales from marijuana, which was $14.69 million, this years sales has risen immensely. Though the medical marijuana benefits are almost limitless. In January 2014 the state earned more from medical marijuana sales than in January 2015. In 2014, which was the year that Colorado legalized marijuana, the marijuana earnings were at $700 million. That amount included $385.9 million for medical marijuana and $313.2 million for recreational marijuana.
This provides plenty of positive results to other states that need a push to legalize medical marijuana. The recreational and medical marijuana benefits are beginning to show more these days. Other states and countries cannot deny these benefits. The tax revenue benefit is almost a bonus. “The real benefit of these laws is that it’s taking marijuana sales out of the underground market and ensuring the product is controlled” says legalization advocate Mason Tvert.
Other States to Legalize Marijuana
The governor’s budget office estimate Colorado will collect $184 million in the first 18-months of recreational pot sales. $40 million to public school construction, $85 million on youth prevention and substance abuse treatment, $12.4 million on public health, $3 million on law enforcement and public safety and almost $2 million on industry oversight, according to money.cnn.com. If states are looking for tangible economic benefits, Colorado has shown them what is possible.
Not only will cannabis drugs help to raise tax revenues in each state, but it will also help persons who need the herb for treatment. Medical marijuana is used for several illnesses and diseases. It helps with pain relief, insomnia, migraines and so much more. There is also marijuana cancer treatment. Decriminalizing marijuana will only open up the industry to more positive and beneficial possibilities.