Colorado (population 5.5m) rakes in R6.5 billion in taxes from legal dagga sales

Since Colorado legalised dagga in 2014 it has raked in more than R6.5 billion (US$506 million) in taxes, according to a VS Strategies report.

According to the Colorado Department of Revenue, the state received R1.2 billion (US$95 million) in taxes up to May this year alone.

Colorado has a population of 5.5 million people.

More than half of dagga tax (51.3%) has gone to education and the construction of schools while 14.2% has been ploughed into substance abuse prevention and treatment.

Local municipalities are using their share of the additional revenues in numerous ways such as providing university scholarships, fighting homelessness, fixing potholes and sidewalks, and funding the construction of municipal buildings.


This article first appeared on 702 : Colorado (population 5.5m) rakes in R6.5 billion in taxes from legal dagga sales


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
5 reasons SA needs foreign investment to radically transform the economy

5 reasons SA needs foreign investment to radically transform the economy

The Money Show’s Bruce Whitfield interviews Dr Adrian Saville, Professor at Gordon Institute of Business Science (Gibs).

Meet the brave Basani Maluleke, CEO at 'new and improved' African Bank

Meet the brave Basani Maluleke, CEO at 'new and improved' African Bank

Bruce Whitfield interviews Maluleke – the first black woman to lead a South African bank.

Nedbank may in 2019 join Government in firing KPMG

Nedbank may in 2019 join Government in firing KPMG

Nedbank will reconsider its relationship with KPMG in 2019. The Money Show’s Bruce Whitfield interviews its CEO Mike Brown.

It’s easy for South Africans to do business in Côte d'Ivoire

It’s easy for South Africans to do business in Côte d'Ivoire

Bruce Whitfield interviews Lee Kasumba, who speaks about two South African guys selling deep fried chicken in Abidjan.

The future of mining, South Africa’s lifeblood (and employer of 500 000 people)

The future of mining, South Africa’s lifeblood (and employer of 500 000 people)

The Money Show’s Bruce Whitfield interviews Jan-Adriaan du Plessis, Associate Director of Strategy and Operations at Deloitte.

It’s ironic, but nobody really drinks coffee in Côte d'Ivoire

It’s ironic, but nobody really drinks coffee in Côte d'Ivoire

Bruce Whitfield interviews Africa Connected host Lee Kasumba, who is crisscrossing Côte d'Ivoire to learn about its opportunities.

Popular articles
Why many couples today are struggling with marriage

Why many couples today are struggling with marriage

Dr Eve advises that many modern couples need marriage to be a safe space for self-expression and self-actualisation.

The Big Pet Problem: Are you struggling to rent because you have pets?

The Big Pet Problem: Are you struggling to rent because you have pets?

Frustrated tenants say they're being discriminated against by landlords.

'The NPA should be ready and re-enroll the matter' - Nel on Malema prosecution

'The NPA should be ready and re-enroll the matter' - Nel on Malema prosecution

AfriForum not backing down over decision to privately prosecute Julius Malema.

Ed Dept scraps supplementary exams for matriculants

Ed Dept scraps supplementary exams for matriculants

The Department of Basic Education has announced it will do away with matric supplementary exams from 2019.

Cape Town not out the woods yet even with recent rainfall

Cape Town not out the woods yet even with recent rainfall

Climate expert, Piotr Wolski, says the city will know towards the end of May whether 2018 is a good or bad year.

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Mugg & Bean agrees to pay medical bill of customer

Mugg & Bean agrees to pay medical bill of customer

Mugg & Bean has agreed to pay for customers medical bills after a month of being in pain and pestering the chain to pay the bill.