Colorado Grossed Profits of $19 Million in March Courtesy of Cannabis

Welp, looks like there’s a new cash crop around. You may not agree with it, but the states who do are reaping heavy benefits. The Mind Unleashed reports that in the month of March, the state of  Colorado made $19 Million in recreational cannabis sales. These profits do not include medicinal marijuana sales. Out of the $19 Million made, $1.9 Million will go directly to building Colorado schools.

[ The Mind Unleashed Excerpt]

–“Not counting medicinal weed sales, Colorado sold nearly $19 million in their recreational weed market in the month of March, and $1.9 million of that goes straight into government coffers and towards building schools. At this pace, according to PolicyMic, Colorado will make $30 million this year in pot taxes alone.

What’s even more promising is that these numbers are still low estimates, as the recreational and medicinal marijuana markets (coinciding just fine, take note Washington) are likely to keep trending upward. Many say that a figure closer to $60 million in weed tax revenue is a more likely assumption. Medical marijuana is also not as heavily taxes as recreational marijuana, and hopefully it will stay that way.

The cherry on top of this tax-generating cake? Crime rates are also down in Colorado, so while kids are hopefully going to get a better education, the government (idealistically) will spend more money improving infrastructure and other business opportunities for Colorado citizens, and unemployment rates are plummeting. The Colorado police can take a little rest from their duties.

Crime rates in Colorado have dropped by 10.6% while Dunkin Donuts has begun expanding its brand in the state (really). It looks like a really good future for people living in Colorado, or any state that legalizes both medical and recreational marijuana – though it is admittedly too early to tell.”–

Do these recent profit gains surprise you? If you’re leaving in an area where cannabis is yet decriminalized, do you believe your respective state will soon alter it’s laws? Let us know what you think!