Report on Fiscal Benefits to Passing Marijuana Legalization
The Colorado Center on Law and Policy has released a report on the state and local budget impact of Amendment 64, the November ballot initiative to legalize personal adult use of marijuana in Colorado. The report finds Amendment 64 would:
- initially result in $60 million annually in combined revenue and savings for state and local governments in Colorado, which could double to more than $100 million within the first five years of implementation;
- save local and state law enforcement officials more than $12 million in the first year of operation;
- generate $24 million annually in state revenue for the Building Excellent Schools Today (BEST) capital construction program
- create more than 350 new jobs, the majority of which will be in the construction industry.
[More...]
< 4th Cir. Affirms Overturning Death Sentence for Prosecutorial Witholding of Evidence | Thursday Evening Open Thread > |