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Colorado Sells $19 Million in Cannabis in March: $1.9 Million Goes to Schools..
Posted on 6/3/14 at 10:34 am
Posted on 6/3/14 at 10:34 am
..and crime is down 10 %
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I feel like I need to invest in one of these dispensaries. #recessionproof
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I feel like I need to invest in one of these dispensaries. #recessionproof
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Posted on 6/3/14 at 10:58 am to cas4t
out of state investment isn't allowed I don't think.
This post was edited on 6/3/14 at 10:58 am
Posted on 6/3/14 at 11:25 am to CheeseburgerEddie
well that's a bummer
if they would be more lax on the laws, i'd down with being the 'limited' partner wihtin an LLC of a chain of these bad boys
if they would be more lax on the laws, i'd down with being the 'limited' partner wihtin an LLC of a chain of these bad boys
Posted on 6/3/14 at 11:50 am to cas4t
Congratulations to Colorado on that 0.3% increase in tax revenue.
Posted on 6/3/14 at 11:53 am to the808bass
quote:
Congratulations to Colorado on that 0.3% increase in tax revenue.
Better than it would have been without legalization.
Posted on 6/3/14 at 11:58 am to the808bass
Colorado nets 46 million a year on alcoholic beverage tax, if they can make 30 million the first year on a weed tax I'd say that's pretty good.
This post was edited on 6/3/14 at 12:04 pm
Posted on 6/3/14 at 1:05 pm to rbWarEagle
quote:
Better than it would have been without legalization.
Or to say another way, negligible.
Posted on 6/3/14 at 1:07 pm to cas4t
quote:
crime is down 10 %
Might just be me, but thinking that's probably because of the unusually longer winter, more than pot sales.
Posted on 6/3/14 at 1:09 pm to Alahunter
quote:
Might just be me, but thinking that's probably because of the unusually longer winter, more than pot sales.
And that's actually just in Denver.
Posted on 6/3/14 at 1:13 pm to Alahunter
Harsh winters usually translate to decreased tax revenue...
Posted on 6/3/14 at 1:14 pm to the808bass
quote:
Or to say another way, negligible.
1.9 million dollars is negligible, eh?
Posted on 6/3/14 at 1:14 pm to the808bass
quote:
Congratulations to Colorado on that 0.3% increase in tax revenue.
Posted on 6/3/14 at 1:18 pm to rbWarEagle
To a state with 10.25B (2012) as an operating budget, yes, it's the definition of negligible.
The state had an increase of tax revenue from 2011 to 2012 of almost $800M. No one here posted an article about that, I'm guessing.
Growing tax revenues through "sin taxes" is fun and make for really satisfying arguments. They don't actually impact the budget of the state much and will not effectively impact the education budget of Colorado at all.
The state had an increase of tax revenue from 2011 to 2012 of almost $800M. No one here posted an article about that, I'm guessing.
Growing tax revenues through "sin taxes" is fun and make for really satisfying arguments. They don't actually impact the budget of the state much and will not effectively impact the education budget of Colorado at all.
This post was edited on 6/3/14 at 1:19 pm
Posted on 6/3/14 at 1:21 pm to the808bass
quote:
Better than it would have been without legalization.
Or to say another way, negligible.
Except your math is wrong. They raised 1.9 million for schools, which by the way isn't the total tax revenue for pot, in a month. You calculated that as if it were the total for the entire year.
Posted on 6/3/14 at 1:22 pm to the808bass
quote:
will not effectively impact the education budget of Colorado at all.
24 Million a year will certainly impact the schools.
Posted on 6/3/14 at 1:23 pm to TreyAnastasio
No, I used $30M. The projected total for the year.
30,000,000/10,250,000,000=
And I do not believe the total tax revenue collected goes to the schools. Only a portion of it does.
30,000,000/10,250,000,000=
And I do not believe the total tax revenue collected goes to the schools. Only a portion of it does.
Posted on 6/3/14 at 1:26 pm to TreyAnastasio
quote:
They raised 1.9 million for schools, which by the way isn't the total tax revenue for pot, in a month.
Just read this correctly. You are correct.
Posted on 6/3/14 at 1:30 pm to TreyAnastasio
quote:
24 Million a year will certainly impact the schools.
1). This charitably assumes the legislature won't fund the Education budget with any changes - that they'll simply tack the $24M on top of the normal allocation. That is unlikely to be the case.
2). As a function of the overall budget for Colorado, the $30M is about a 0.6% increase. As a function of pupils in the Colorado public education system, it is less than $30/student per year.
This post was edited on 6/3/14 at 1:31 pm
Posted on 6/3/14 at 1:32 pm to the808bass
Doesnt really matter what percentage of the current budget it is. Its 30 million they didnt have last year, and they didnt have to spend any money to cultivate.
Posted on 6/3/14 at 1:33 pm to the808bass
What argument are you attempting to make?
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