Five myths about marijuana legalization debunked by Colorado’s experience
DENVER — Here are five myths about marijuana legalization that Colorado officials and businesses say have been debunked in the state, where recreational pot was first legalized in 2012:
1. It’s a tax windfall.
Marijuana sales surpassed US$1.3 billion in Colorado in 2016, but that’s only a fraction of the state’s $333 billion GDP, said Ashley Kilroy, Denver’s executive director of excise and licences, which oversees marijuana policy.
In 2016, the state collected $199 million in tax and fee revenue, of which $40 million was earmarked for school construction projects and $5.7 million was designated generally for public schools. Colorado’s overall budget is $26.8 billion this year.


