An article recently
released in the Dallas Morning News discusses the swarm of tourists to Colorado
after the legalization of recreational marijuana use at the beginning of the
year. Many of the tourists are
reportedly from Texas. Colorado State
officials are already predicting close to $600 million in annual sales. All sales will be taxed at nearly 29 percent. Laws are already in place that will regulate
how much marijuana can be bought at one time and where it can be consumed. The three biggest uses of sales tax revenue
are public transportation, public education and aid to local governments. The product is already available and Texans are
buying it. However, instead of returning
money back to the state of Texas to help with local projects, Texans are
helping to support the citizens and government of Colorado.
No comments:
Post a Comment