Marijuana legalization in Colorado may not pay for itself, study finds
Friday, April 26, 2013
Legal marijuana in Colorado may not bring in enough money to cover the societal costs of legalization, a study from a Colorado State University think tank concludes. The analysis also argues that revenue from marijuana taxes won't do much to help Colorado's budget and that money generated for new school construction won't reach the $40 million annual target that supporters of marijuana legalization set when campaigning for Amendment 64, the measure that legalized use, limited possession and commercial sale of marijuana for adults in Colorado.