Thursday, February 6, 2014

How Texans are buying pot in Colorado: 'It’s, like, the new tourism'

    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.

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