Official estimates indicate that retail marijuana sales in Colorado will hit one billion dollars by the end of 2016.
WOW!!
Is that right???
ONE billion dollars?!?!?!?
From ONE state?!?!?
In ONE year?!?!?
Yep, a whole lotta cash!
Just imagine what a state could do with that kind money!
Luckily, we don't need to push imagination too far:
Colorado counties are using millions to invest in helping the homeless, building infrastructure, public health efforts, education, law enforcement, drug rehabilitation, and job training programs.
Northglenn, CO is even using marijuana profits to purchase water rights to improve access for residents.
1 out of every 8 adults in Colorado identify as being marijuana users. Colorado has roughly 5.5 million residents. So that makes roughly 690,000 self-reporting marijuana users in the state.
I get it that tourists probably generate a lot of revenue, but still, even if 10 million people generated one billion dollars in one year, that's great market contribution!!
I can't wait to see what California could do. And Pennsylvania has huge profit potentials!!
wOW!!!!!!!!!!!
I
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