{"id":16826,"date":"2023-10-24T18:13:05","date_gmt":"2023-10-24T18:13:05","guid":{"rendered":"https:\/\/drugprevent.org.uk\/ppp\/?p=16826"},"modified":"2024-02-13T20:38:48","modified_gmt":"2024-02-13T20:38:48","slug":"new-colorado-report-cost-of-marijuana-legalization-far-outweighs-tax-revenues","status":"publish","type":"post","link":"https:\/\/drugprevent.org.uk\/ppp\/2023\/10\/new-colorado-report-cost-of-marijuana-legalization-far-outweighs-tax-revenues\/","title":{"rendered":"New Colorado Report: Cost of Marijuana Legalization Far Outweighs Tax Revenues"},"content":{"rendered":"

(Denver, CO) \u2013 Today, a\u00a0new study on the impact of marijuana legalization in Colorado<\/a><\/strong>\u00a0conducted by the Centennial Institute found that for every one dollar in tax revenue from marijuana, the state spends $4.50 as a result of the effects of the consequences of legalization.<\/span><\/p>\n

This\u00a0study<\/a><\/strong>\u00a0used all available data from the state on hospitalizations, treatment for Cannabis Use Disorder (CUD), impaired driving, black market activity, and other parameters to determine the cost of legalization. Of course, calculating the human cost of addiction is nearly impossible, we can assume the cost estimated for treating CUD is a gross underestimate due to the fact that it is widely believed among health officials that CUD goes largely untreated\u2026yet rates have been increasing significantly in the past decade.<\/span><\/p>\n

That, in conjunction with the fact that there is no way of quantifying the environmental impact the proliferation of single use plastic packaging common within the marijuana industry, leads us to believe this is indeed a very conservative estimate.<\/span><\/p>\n

\u201cStudies such as this show that the only people making money off the commercialization of marijuana are those in the industry who profit at the expense of public health and safety,\u201d said Dr. Kevin Sabet, president of Smart Approaches to Marijuana (SAM). \u201cThe wealthy men in suits behind Big Marijuana will laugh all the way to the bank while minority communities continue to suffer, black markets continue to thrive, and taxpayers are left to foot the bill.\u201d<\/span><\/p>\n

\u201cThe data collected in this\u00a0study<\/a><\/strong>, as in similar studies before it, continues to show the scope of the cost of commercialization. The effects of legalization are far and wide, and affect just about every resident in the state directly and indirectly,\u201d said Jeff Hunt, Vice President of Public Policy for Colorado Christian University.<\/span><\/p>\n

\u201cThe pot industry doesn\u2019t want this dirty truth to be seen by law makers and the taxpayers, who were promised a windfall in tax revenue,\u201d said Justin Luke Riley, president of the Marijuana Accountability Coalition. \u201cThe MAC will continue to shine a light on the industry and urge our lawmakers to reign in Big Pot before it brings more harm on Coloradans.\u201d<\/span><\/p>\n

Source: New Colorado Report: Cost of Marijuana Legalization Far Outweighs Tax Revenues – Smart Approaches to Marijuana (learnaboutsam.org)<\/a> November 2018<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

(Denver, CO) \u2013 Today, a\u00a0new study on the impact of marijuana legalization in Colorado\u00a0conducted by the Centennial Institute found that for every one dollar in tax revenue from marijuana, the state spends $4.50 as a result of the effects of the consequences of legalization. This\u00a0study\u00a0used all available data from the state on hospitalizations, treatment for […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,68,82,89,90,12,104],"tags":[],"class_list":["post-16826","post","type-post","status-publish","format-standard","hentry","category-cannabis-marijuana","category-drug-use-various-effects","category-economic","category-environment-drug-politics","category-global-drug-legalisation-efforts","category-legal-sector","category-political-sector"],"_links":{"self":[{"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/posts\/16826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/comments?post=16826"}],"version-history":[{"count":0,"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/posts\/16826\/revisions"}],"wp:attachment":[{"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/media?parent=16826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/categories?post=16826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drugprevent.org.uk\/ppp\/wp-json\/wp\/v2\/tags?post=16826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}