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CANNABIS SALES IN COLORADO EXPECTED TO BE CLOSE TO
BILLION Dollars By July
2015
According
to a proposal submitted by the Colorado Governors budget
office, the state of
Colorado is expected to bring in around
$51 Million Dollars by end
of 2013-2014 fiscal year, and the state
is
expecting around $130 Million Dollars by the end of 2014-2015 fiscal year..
So,
This leaves the question: What can $130
Million in taxes buy?
1.
EDUCATION
According
to a report released by the U.S. Census Bureau:
The United States spent an average of $10,615 per pupil educating its
youth within the elementary-secondary school systems in 2010. The cost rose
1.1% per pupil from 2009 to 2010.
The
Tax Revenue could pay for 12,246 students according to the above data……Having
said that, the number of students
Throughout
America; greatly trumps 12,246. It’s
only a dent but on the other-hand, how many students do the states that have
regulated cannabis have?
2.
ROADS
According
to the United States Federal Highway Administration, the budget estimates for
2013 were over $81 Billion Dollars…..
So,
if one state brings in over $130 Million in taxes, what could the states bring
in on a federal level….This can quickly be seen by regulation on a federal
level….130 X 50 = $6,500,000,000….
One
says, all states won’t bring in as much revenue as the next…This can be refuted
by realizing the lost income within the underground market. This is all still relatively new so, the kinks
are still being worked out. Once this is
done the tax revenue could easily be tripled….
3.
HEALTH CARE
The
recent buzz about the positive impacts cannabis has by slowing or preventing
the spread of the HIV virus in the stomach left us here at BUDS floored…. This was Research conducted by a credible
university, who were expecting the opposite of the study’s conclusion.
The
positive effects of Cannabis research will eventually lead to many more
discoveries as fascinating as Curing AIDS...
