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In Colorado, cannabis has been legal for medical use since 2000 and for recreational use since late 2012. On November 7, 2000, 54% of Colorado voters approved Amendment 20, which amended the State Constitution to allow the use of marijuana in the state for approved patients with written medical consent. Under this law, patients may possess up ...
Colorado legalized pot in 2012, and in 2021 the state raked in more than $400 million in tax revenue — with that money going to public schools, health care, and substance abuse prevention and ...
March 17, 2022 at 10:37 AM. 1 / 2. ... Of the 11 states that collected recreational marijuana tax revenue in 2021, just four — California, Colorado, Illinois and Massachusetts — spent money on ...
The Colorado Department of Revenue reported that recreational and medical marijuana sales were at about $589 million between January and May. It's safe to assume that this figure would increase ...
In February 2015, the state of Colorado reported that tax collection figures for 2014, the first year of legal commercial sales, reached a total of $44 million from recreational marijuana with a further $32 million collected from fees on the industry and pre-existing taxes on medical marijuana. [60] The projected revenue before legalization was ...
A 2020 study found that junk food sales increased between 3.2 and 4.5 percent in states that had legalized cannabis. [5] A 2022 study found that legalization had led to a 20% increase in use of cannabis in the US. [6] Pharmaceutical companies had lower returns. [7] Moreover, legalization leads to a decreased perception of cannabis use as "risky ...
The legal history of cannabis in the United States began with state-level prohibition in the early 20th century, with the first major federal limitations occurring in 1937. Starting with Oregon in 1973, individual states began to liberalize cannabis laws through decriminalization. In 1996, California became the first state to legalize medical ...
Passed the House of Representatives on April 1, 2022 (220-204) The Marijuana Opportunity Reinvestment and Expungement Act, also known as the MORE Act, is a proposed piece of U.S. federal legislation that would deschedule cannabis from the Controlled Substances Act and enact various criminal and social justice reforms related to cannabis ...