While some may still sneer at the fact that Colorado legalized medical and recreational marijuana, there is no doubt now that it has had a huge impact on our state, particularly our revenue. As a 2015 Forbes article explains, by about this time last year, our state had accumulated $55 million in recreational marijuana sales alone. For medical marijuana, total sales reached a staggering $96 million.
As we pointed out at the end of last month in another one of our blog post, Colorado was one of the first states to legalize marijuana, therefore allowing the sale of it for recreational use. Across the nation, many wondered how legalizing the drug would affect the state and its residents. Would it cause arrest rates to soar or would it cause the complete opposite to happen?