If You Support Legal Marijuana, Memorize These 13 Stats

[bobandtorey]

Regardless of your feelings about legalizing marijuana, it's hard to deny that legal weed would be a bonanza for cash-strapped states, just as tobacco and alcohol already are.

With Colorado and Washington starting to tax and regulate recreational weed sales, and medical marijuana legal in 18 other states, we can finally start to put some hard numbers on the industry's value.

Numbers like:

$1.53 billion: The amount the national legal marijuana market is worth, according to a Nov. 2013 report from ArcView Market Research, a San Francisco-based investor group focused on the marijuana industry.

$10.2 billion: The estimated amount the national legal marijuana market will be worth in five years, according to that same ArcView report.

$6.17 million: The amount of tax revenue collected in Colorado on legal marijuana sales in just the first two months of 2014.

$98 million: The total tax revenue that Colorado could reap in the fiscal year that begins in July, according to a recent budget proposal from Gov. John Hickenlooper.

An employee of The Clinic, a Denver-based dispensary, sells a bag of marijuana and a THC-infused soda. (AP Photo/Brennan Linsley)

$40 million: The amount of marijuana tax revenue Colorado is devoting to public school construction.

7,500-10,000: The estimated number of marijuana industry jobs that currently exist in Colorado, according to Michael Elliott, the Executive Director of the Marijuana Industry Group, a trade association that advocates for responsible marijuana regulation.

$190 million: The amount in taxes and fees legal marijuana is projected to raise for the state of Washington over four years starting in mid-2015, according to the Economic and Revenue Forecast Council, an independent agency that advises the state government on the budget and tax revenue.

Employee David Marlow, right, helps a customer at Medicine Man marijuana retail store in Denver. (AP Photo/Brennan Linsley)

$105 million: The estimated annual sales tax revenue generated by medical marijuana dispensaries in California, according to the Marijuana Policy Project, a Washington, D.C.-based group that supports legalization.

$142.19 million: The estimated size of the medical marijuana market in Arizona in 2014, according to the ArcView Market Research report, up from $35.37 millionlast year. Arizona has a record 80 medical pot dispensaries currently open, withmore expected to open this year, according to AZMarijuana.com.

$36 million: The amount of estimated tax revenue Maine would earn every year if it legalized and regulated marijuana, according to a 2013 estimate from the Marijuana Policy Project. Portland, Maine's largest city, voted to legalize weed in November, and a grassroots campaign to get state legalization on the ballot in 2016 is underway.

An employee at a Colorado grow house waters pot plants. (AP Photo/Brennan Linsley)

$21.5 to $82 million: The amount of estimated tax revenue Rhode Island would earn every year if it legalized and regulated marijuana, according to an April 9 reportfrom the non-profit organization Open Doors. Rhode Island legislators are considering a bill this session that would tax and regulate marijuana like alcohol.

$134.6 million: The amount of estimated tax revenue Maryland would earn every year if it legalized and regulated marijuana, according to a 2014 estimate from the Maryland Department of Legislative Services. Maryland Gov. Martin O'Malleysigned a law legalizing medical marijuana on April 14, and state lawmakers are considering a bill this session to legalize weed for recreational purposes, too.

$17.4 billion: The estimated total amount that marijuana prohibition costs state and federal governments every year, according to a 2010 study by Harvard University economist Jeffrey Miron.

MORE:

 

http://www.huffingtonpost.com/2014/04/19/benefits-legalizing-weed-by-the-numbers_n_5173785.html

 

Edited April 19, 2014 by bobandtorey

[pic book]

and the gold rush is on!

[jointedone]

We will have a chance to get rid of the people in our way in our State  at the election. Just remember who they ones are that stood in the way and starting banning everything. These are your local State officials,get rid of them. Township supervisors, city councils,everyone that decided to take our law in their own hands and make it impossible for a sick legal pt. to get their meds. And where the heck is all the $$ in fees taken in by the State  from US? Nobody accounts for that.

[Restorium2]

We will have a chance to get rid of the people in our way in our State  at the election. Just remember who they ones are that stood in the way and starting banning everything. These are your local State officials,get rid of them. Township supervisors, city councils,everyone that decided to take our law in their own hands and make it impossible for a sick legal pt. to get their meds. And where the heck is all the $$ in fees taken in by the State  from US? Nobody accounts for that.

Snyder/Schuette are where the change needs to start. Then check out my signature for the only ones who stood up for us when we were totally united. Dump the rest if you can.