Legalized marijuana benefits Colorado’s economy

By Vaughn Cyrus
Staff Writer

On January 1st, 2014 Colorado made a big move and passed a law that legalized recreational use of marijuana. This means that now anyone in the state of Colorado above the age of 21 can legally smoke marijuana. The new law also allows anyone who is in the city of Denver, Colorado and between the ages of 18 and 21 not to have to serve jail time for having an ounce or less of the drug. The violators will have to pay a fine.

In the first two days of marijuana being legal in the state, retailers claimed that they made over a million dollars in sales. By the end of 2014, Colorado is expected to make 67 million dollars a year from cannabis. Tax officials from the state claim that 27.5 million dollars will go towards building new schools. All this money will be generated due to how heavily taxed the drug will be.  Store-bought marijuana will have a 25% state tax and a sales tax of 2.9%.

“This is the best thing that ever happened to Colorado,” said Junior Kwofi Jackson. “This would also lower the crime rate in Colorado, so I think it is a great move ”.

Legalized marijuana has also been added to the constitution of the state of Washington, but the state has yet to make it open to the people.

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