Supporters of Amendment 64 Say It Would Increase State Revenues

Aug 17th @ 4:12 pm in News by Scott Staley

Supporters of Amendment 64 to legalize marijuana have said that by doing so it could generate more than $60 million a year in tax revenue.  In it’s report the Colorado Center on Law & Policy said Amendment 64 could very well raise $32 million in state taxes and $14 million in local tax revenue.  The measure could also help fund new school construction.  Proponents for the amendment also point out by legalizing marijuana it would reduce misdemeanor crimes like possession and thus reduce local and state jail populations.  Colorado is one of 17 states that has legalized the use of medical marijuana.