Marijuana Tax: How Colorado is spending it's cannabis tax revenue
ive years ago, in November 2012, the American state of Colorado made headlines worldwide for legalizing recreational marijuana through Constitutional Amendment 64 (State Constitution). Colorado had already legalized medical marijuana 12 years before that in 2000 through Constitutional Amendment 20. Despite initial (and still-existing) fears and strong opposition, the legalization of marijuana has created another massive source of tax revenue for the state, securing over $100 million annually. So how does Colorado spend all this “drug money”?