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(The Wire)   Remember all those hippy stoners who claimed that legal weed would be a tax bonanza for Colorado bringing in like $70 million in revenue? Turns out they were totally wrong, of by almost 40%-it's more like $100 million   (thewire.com) divider line 154
    More: Spiffy, Colorado, marijuana legalization, John Hickenlooper, sales taxes, revenues  
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5765 clicks; posted to Main » on 20 Feb 2014 at 3:11 PM (20 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



154 Comments   (+0 »)
   
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2014-02-20 02:31:18 PM
This is proof that legalization has made more people addicted to marihuana cigarettes.
 
2014-02-20 02:34:38 PM

sigdiamond2000: This is proof that legalization has made more people addicted to marihuana cigarettes.


And jazz music!
 
2014-02-20 02:36:16 PM
It's going to be hard for the other states to turn that kind of cheese down, thumping bibles or not.
 
2014-02-20 02:37:32 PM
So within a few years, they can start reducing property tax, sales tax and income tax?
 
2014-02-20 02:43:52 PM
I don't remember them actually I have destroyed my short-term memory with the sweet sweet doobage.

Ironically, I do remember all the lyrics on the album Freedom Rock.
 
2014-02-20 02:44:27 PM
Tax revenues are higher than expected? Must be because Colorado residents are higher than expected.
 
2014-02-20 02:48:11 PM
That $100,000,000 isn't going to help when their economy tanks because everyone is too stoned to show up for work.
 
2014-02-20 02:50:34 PM
That is spliffy.
 
2014-02-20 02:50:39 PM

sigdiamond2000: This is proof that legalization has made more people addicted to marihuana cigarettes.


REEFERS
 
2014-02-20 02:52:55 PM

netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?


hahahahahahahahahHAHAHAHAHAHAHAHahahahahahahaha HA heh heh heh *snort*
 
2014-02-20 02:53:02 PM

brap: I don't remember them actually I have destroyed my short-term memory with the sweet sweet doobage.

Ironically, I do remember all the lyrics on the album Freedom Rock.


Freedom Rock?

Well turn it up, MAN!
 
2014-02-20 03:09:27 PM

FirstNationalBastard: sigdiamond2000: This is proof that legalization has made more people addicted to marihuana cigarettes.

And jazz music!


I've started going to work dressed as Al Jolson, black face and all.

/It seemed like a good idea when I was still high.
 
2014-02-20 03:11:44 PM
So from the tax revenue half is going to youth prevention, and nearly half to substance abuse prevention? Only $5 million left over?

I can see both efforts being worthwhile, but that sounds like an awful lot to spend on those programs.
 
2014-02-20 03:13:48 PM

netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?


"Oh, look at all this new money we can spend. Let's increase all our budgets."
 
2014-02-20 03:14:04 PM

TuteTibiImperes: So from the tax revenue half is going to youth prevention, and nearly half to substance abuse prevention? Only $5 million left over?

I can see both efforts being worthwhile, but that sounds like an awful lot to spend on those programs.


They should use about a third of that for substance abuse treatment.
 
2014-02-20 03:15:07 PM

FirstNationalBastard: brap: I don't remember them actually I have destroyed my short-term memory with the sweet sweet doobage.

Ironically, I do remember all the lyrics on the album Freedom Rock.

Freedom Rock?

Well turn it up, MAN!



i1.ytimg.com
 
2014-02-20 03:15:23 PM

netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?


How about keeping those taxes where they are and just balancing the budget while providing quality education and decent public services?
 
2014-02-20 03:15:52 PM
Did someone say "Freedom Rock?"
 
2014-02-20 03:16:07 PM

Eddie Adams from Torrance: That $100,000,000 isn't going to help when their economy tanks because everyone is too stoned to show up for work.


Yeah, just wait until they legalize alcohol. All the drunks plowing through children's playgrounds on the way to work.
 
2014-02-20 03:16:15 PM
Hickenlooper


Never going to get over that name.
 
2014-02-20 03:16:26 PM

theknuckler_33: netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?

How about keeping those taxes where they are and just balancing the budget while providing quality education and decent public services?


Because they are politicians?
 
2014-02-20 03:16:27 PM

TuteTibiImperes: So from the tax revenue half is going to youth prevention, and nearly half to substance abuse prevention? Only $5 million left over?

I can see both efforts being worthwhile, but that sounds like an awful lot to spend on those programs.


I'm sure the money is going to the most qualified programs that provide the maximum amount of help.

Yeah, I don't believe it, either.  The money will go to a piss poor program run by people with excellent political connections.  The programs will do nothing to help kids with substance abuse problems (and will probably make them worse) because most of the money will be spent on overpaid administrators who never show up to work.
 
2014-02-20 03:16:29 PM
It's like... you just can't DO math, man. You've got to let it become one with the Universe.
 
2014-02-20 03:17:09 PM

FirstNationalBastard: brap: I don't remember them actually I have destroyed my short-term memory with the sweet sweet doobage.

Ironically, I do remember all the lyrics on the album Freedom Rock.

Freedom Rock?

Well turn it up, MAN!


Turn it down Man! You're harshing my buzz.
 
2014-02-20 03:17:19 PM

FirstNationalBastard: sigdiamond2000: This is proof that legalization has made more people addicted to marihuana cigarettes.And jazz music!


Best stock up on chastity belts fo' dem po' white wimmins.  Dey's agonna get raped an' danced wif an' raped.
 
2014-02-20 03:17:30 PM

sigdiamond2000: This is proof that legalization has made more people addicted to marihuana cigarettes.


Closet stoner population is like bicarbonate, your final volume may rise during baking
 
2014-02-20 03:17:52 PM
Always remember that one day this drug monkey business will be legal. They won't leave it to people like me....not when they finally figure out how much money there is to be made. Not millions, farking billions.
 
2014-02-20 03:17:53 PM

TuteTibiImperes: So from the tax revenue half is going to youth prevention


Anything that goes towards preventing youths is fine by me.  Hopefully it includes forced sterilization and/or investments into scientific research towards birthing full grown adults.
 
2014-02-20 03:18:54 PM

sigdiamond2000: This is proof that legalization has made more people addicted to marihuana cigarettes.


I know.  It's madness.
 
2014-02-20 03:19:12 PM
 
2014-02-20 03:20:05 PM

netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?


Know why we got income tax?  Because of prohibition.  Or, we got prohibition because of income tax.

Something like that.
 
2014-02-20 03:20:22 PM

theknuckler_33: netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?

How about keeping those taxes where they are and just balancing the budget while providing quality education and decent public services?


hahahahahahahahahHAHAHAHAHAHAHAHahahahahahahaha HA heh heh heh *snort*
 
2014-02-20 03:20:27 PM

TuteTibiImperes: So from the tax revenue half is going to youth prevention, and nearly half to substance abuse prevention? Only $5 million left over?

I can see both efforts being worthwhile, but that sounds like an awful lot to spend on those programs.


Presumably they were already spending at least some money on those kinds of programs previously. But, yea, some better reporting would have been nice.
 
2014-02-20 03:20:30 PM
i669.photobucket.com
 
2014-02-20 03:20:36 PM

Eddie Adams from Torrance: That $100,000,000 isn't going to help when their economy tanks because everyone is too stoned to show up for work.


You sound like a Prohibitionist
 
2014-02-20 03:20:48 PM

swankywanky: http://www.youtube.com/watch?v=7npWDyxB7d8

[i1.ytimg.com image 480x360]


My favorite part of the movie.

/to be fair, the bar was set pretty low
 
2014-02-20 03:20:58 PM

TuteTibiImperes: So from the tax revenue half is going to youth prevention, and nearly half to substance abuse prevention? Only $5 million left over?

I can see both efforts being worthwhile, but that sounds like an awful lot to spend on those programs.


Particularly when they sold the tax as more money for schools. Such as real schools where they teach stuff, not this bullshiat 'youth prevention' that is way overpriced and overvalued.

and I've been smoking extra FOR THE CHILDREN!!!
 
2014-02-20 03:21:33 PM
Wait.

What?

Isn't like, 100 Million higher than 70 Million? Sounds like they were still right. In a way. To me at least. What's your problem man?

/Dave's not here man.
 
2014-02-20 03:21:50 PM

theknuckler_33: netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?

How about keeping those taxes where they are and just balancing the budget while providing quality education and decent public services?


Back off, Citizen.  You're treading on dangerous ground.
 
2014-02-20 03:22:09 PM

theknuckler_33: netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?

How about keeping those taxes where they are and just balancing the budget while providing quality education and decent public services?


By which you mean drastically increased administrator salaries and sports programs right?
 
2014-02-20 03:22:11 PM

cgraves67: netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?


"Oh, look at all this new money we can spend. Let's increase all our budgets."



This is why, despite being the occasional toker myself, I oppose legalization IF it's justified via a taxation/revenue-generation reasoning. The government doesn't need one more goddamned dime to spend, and giving it yet another revenue stream makes us all worse off, not better.

Funny how the same people who are always biatching about the "1%" apparently have no qualms about sending ever more power and money to only 535 people.
 
2014-02-20 03:22:37 PM

FirstNationalBastard: sigdiamond2000: This is proof that legalization has made more people addicted to marihuana cigarettes.

And jazz music!


It will make our Precious White Women couple with Savage Negro Beasts!
 
2014-02-20 03:22:39 PM
When you figure in the expense of prosecuting and imprisoning non violent stoners, I'm willing to bet the final accounting is much higher.

/$0.02
 
2014-02-20 03:23:01 PM
Wait, did I read that right? Of the $100 million they're earning in tax revenue, $85 million is being spent to youth use prevention and substance abuse treatment? And if they were only expecting $70 mil in the first place, that's, like, negative money!

This seemed like a better idea before we had to spend 85% of the tax revenue on fixing the problems caused by the source of income.
 
2014-02-20 03:23:32 PM

netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?


Or, keep those where they are, and have the nicest state and municipal facilities in the nation.

Schools that are cathedrals, the best and brightest fighting to become teachers for the 6-figure salary, and the finest disc golf courses in the Western hemisphere.
 
2014-02-20 03:23:33 PM
I cannot wait til the first southern state slips in.  Or better yet, Nevada.  How are those casinos doing?
 
2014-02-20 03:24:40 PM

PiffMan420: Always remember that one day this drug monkey business will be legal. They won't leave it to people like me....not when they finally figure out how much money there is to be made. Not millions, farking billions.


And, we'll be lucky to live through it.
assets.upstart.bizjournals.com
 
2014-02-20 03:25:16 PM

SevenizGud: Eddie Adams from Torrance: That $100,000,000 isn't going to help when their economy tanks because everyone is too stoned to show up for work.

Yeah, just wait until they legalize alcohol. All the drunks plowing through children's playgrounds on the way to work.


In 1931, cars were built like tanks, they didn't go very fast, and kids were a dime a dozen. It was an acceptable risk.
 
2014-02-20 03:25:27 PM
This is what I want to know, from my understanding (Listened to this on the radio yesterday, DNRTFA), the money that they're talking about is the 10% tax on marijuana sales. However, there is also a secondary tax on the retail (an additional 3% that they can jack up to make it a total of 25% at any time of their choosing), and THEN there's the excise tax on the wholesalers.

WTF they gonna do with that bit of scratch?
 
2014-02-20 03:25:37 PM

netizencain: So within a few years, they can start reducing property tax, sales tax and income tax?


I'd rather prop 13 be revised first.

/never going to happen
//fark you Howard Jarvis
 
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