Colorado passes $1 billion in marijuana revenue since 2014
That's only counting revenues from taxes, fees, and licenses.
Photo credit: Carlos Osorio / Getty contributor
- Colorado's Department of Revenue announced last week that the recreational marijuana industry has generated more than $1 billion in revenues from a total of $6.56 billion in sales.
- Legalization remains a controversial issue in Colorado, where only 55% of residents voted to legalize recreational marijuana in 2012.
- Ten U.S. states and the District of Columbia have legalized recreational marijuana, with Illinois set to legalize it in 2020.
Colorado has earned more than $1 billion in revenue since legalizing recreational marijuana in 2014, the state's Department of Revenue announced last week. That revenue — which comes from taxes, licenses, and fees — helps fund public education programs and health services throughout the state.
"[The marijuana] industry is helping grow our economy by creating jobs and generating valuable revenue that is going towards preventing youth consumption, protecting public health and safety and investing in public school construction," Governor Jared Polis said in a statement.
Colorado currently has nearly 3,000 licensed marijuana businesses, which have sold a total of $6.56 billion in marijuana products since January 2014. The state's marijuana laws are still evolving. Last month, Polis signed two bills that legalized cannabis delivery services and social-use areas, which will be "kind of like cigar lounges, which also help get the smell out of neighborhoods," the governor wrote on Facebook.
"Today's report continues to show that Colorado's cannabis industry is thriving, but we can't rest on our laurels," the governor said on Wednesday. "We can and we must do better in the face of increased national competition. We want Colorado to be the best state for investment, innovation, and development for this growing economic sector."
Legalization remains controversial
Although Colorado's Amendment 64 is clearly a fiscal success, not all residents like legalization. After all, 45 percent of Colorado voters voted against the amendment in 2012, and today about 200 municipalities have outlawed pot retail shops, even though possession remains legal.
One main concern is kids using marijuana. Although studies suggest usage rates among Colorado teenagers haven't significantly increased since legalization, some experts have expressed concern about how marijuana is affecting teenagers' mental health.
"Horrible things are happening to kids," Libby Stuyt, a psychiatrist who treats teens in southwestern Colorado and has studied the health impacts of high-potency marijuana, told The Washington Post, which reported that visits to Children's Hospital Colorado facilities for paranoia, psychosis, and other "acute cannabis-related symptoms" jumped from 161 in 2005 to 777 in 2015, in the Denver area.
"I see increased problems with psychosis, with addiction, with suicide, with depression and anxiety," Stuyt said.
What explains this (potential) increase in mental health problems among young cannabis consumers? One explanation is potency. The legal marijuana products available today are, on average, much stronger than, say, the pot Americans smoked in the 1970s. What's more, people are consuming highly potent pot in different ways; one popular example is smoking hash oil from an oil rig.
Studies have established that consuming cannabis can damage a young person's brain. But that doesn't necessarily mean that fighting legalization is what's going to best protect kids.
"[Colorado's legal pot industry is] in many ways stamping out a black market that doesn't care whether they sell to kids," Colorado state Rep. Jonathan Singer, a Democrat from the community of Longmont, said in an interview.
Still, some argue that Americans need to fully realize just how potent today's marijuana is, and the psychological damage it might be inflicting upon us.
"We are holding on to a construct of marijuana which today is antiquated," Ben Cort, a drug-treatment consultant, recently told students at Olathe Middle and High School, as reported by The Washington Post. "Ten years from now, there's going to be a reckoning."
Ten U.S. states and the District of Columbia have legalized recreational marijuana, with Illinois set to legalize it in 2020.
- Report: Legal marijuana hurts drug cartels, secures U.S. border - Big ... ›
- Gov. Andrew Cuomo: 'Let's legalize recreational marijuana in New ... ›
- Pot Is Legal in Colorado, So Why Is the Black Market for It Thriving ... ›
Researchers have just discovered the remains of a hybrid human.
90,000 years ago, a young girl lived in a cave in the Altai mountains in southern Siberia. Her life was short; she died in her early teens, but she stands at a unique point in human evolution. She is the first known hybrid of two different kinds of ancient humans: the Neanderthals and the Denisovans.
These thought leaders, founders, and entrepreneurs are propelling the kind of future we want to be a part of.
- The tech industry may be dominated by men in terms of numbers, but there are lots of brilliant women in leadership positions that are changing the landscape.
- The women on this list are founders of companies dedicated to teaching girls to code, innovators in the fields of AI, VR, and machine learning, leading tech writers and podcasters, and CEOs of companies like YouTube and Project Include.
- This list is by no means all-encompassing. There are many more influential women in tech that you should seek out and follow.
Most said they want to act on their desire someday. But do open relationships actually work?
- The study involved 822 Americans who were in monogamous relationships at the time.
- Participants answered questions about their personalities, sexual fantasies, and intentions to act on those fantasies.
- Research suggests practicing consent, comfort, and communication makes open relationships more likely to succeed.
Consensual non-monogamy fantasies<p>For the new study, published in <a href="https://link.springer.com/article/10.1007/s10508-020-01788-7" target="_blank">Archives of Sexual Behavior</a>, researchers asked 822 people in monogamous relationships to:</p><ul><li>Describe their favorite sexual fantasy, defined as "mental images you have while you are awake that you find to be sexually arousing or erotic."</li><li>Select which themes apply to that fantasy, such as having sex with multiple people at the same time, experimenting with taboos, or engaging in a sexually open relationship.</li><li>Answer whether they intended to carry out these fantasies, and discuss them with their partner.</li><li>Complete assessments on relationship satisfaction, erotophilia and personality, as measured by the Big Five Personality inventory.</li></ul><p>The results showed that 32.6 percent of participants said being part of a sexually open relationship was "part of their favorite sexual fantasy of all time." More surprising is that, of that one-third, 80 percent said they want to act on this fantasy in the future.</p>
Pretzelpaws via Wikipedia Commons<p style="margin-left: 20px;">"The present research confirms the important distinction between sexual fantasy and sexual desire in that not everyone wanted to act on their favorite sexual fantasy of all time," study author Justin J. Lehmiller told <a href="https://www.psypost.org/2020/09/one-third-of-people-in-monogamous-relationships-fantasize-about-being-in-some-type-of-open-relationship-study-suggests-58102" target="_blank">PsyPost</a>. "This suggests that fantasies may serve different functions for different people."</p><p>Even though most participants said they want to act out their fantasy in the future, far fewer reported acting out sexual fantasies in the past. Other findings included:</p><ul><li>Men were more likely to fantasize about CNMRs.</li><li>So were people who scored high in <a href="https://en.wikipedia.org/wiki/Erotophilia#:~:text=Erotophilia%20is%20a%20personality%20trait,ranging%20from%20erotophobia%20to%20erotophilia." target="_blank">erotophilia</a> and sociosexual orientation.</li><li>The psychological predictors of fantasizing about CNMRs differed from predictors about infidelity fantasies.</li></ul>
Do open relationships work?<p>A <a href="https://www.tandfonline.com/doi/full/10.1080/00224499.2019.1669133" target="_blank">2019 study</a> from psychologists at the University of Rochester suggests it <em>is </em>possible<em>, </em>but especially when both partners practice a trio of behaviors: consent, communication, and comfort — or, the Triple-C Model.<br></p>But the study also suggests not all forms of open relationships are equally viable. For example, people in one-sided CNMRs — where one partner stays monogamous, the other seeks outside sexual relationships — were nearly three times more dissatisfied in their relationships than the monogamous group <em>and </em>the consensual non-monogamous group.
The results of this study showed depressive symptoms being highest in adolescence, declining in early adulthood and then climbing back up again into one's early 30s.