Marijuana tax take nearly double expected in Colorado
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Re: Marijuana tax take nearly double expected in Colorado
#2>Tax collected on marijuana sales came to $70 million (does not give the time period)
How much does Colorado collect in taxes on cigarettes and alcohol? I can't find any numbers to put this into context.
Re: Marijuana tax take nearly double expected in Colorado
#3Yeah, it'd be interesting to also see how much less / more policing is required, drug rehab programs, anti-drug programs, loss economic behavior due to increased drug use, diversion of consumption from other taxable goods to MJ (say a decrease in alchohol tax revenue), etc. Hopefully much less policing is required, but I don't think it was particularly policed all that much to begin with. In fact, policing tax collection may have increased.
Tourism revenue might see a boost though, but that may decrease over time if other states adopt legalization. It also may be offset by an increase immigration of drug users and emigration of non drug users (assuming you can accurately predict non drug users are more economically valuable than drug users)
Just looking at the topline number I think is pretty meaningless. I think also couching legalization in term of economics might be setting things up for failure and it might make better sense to say it's just philosophically the right thing to do(??)
Re: Marijuana tax take nearly double expected in Colorado
#4>Tax collected on marijuana sales came to $70 million (does not give the time period) How much does Colorado collect in taxes on cigarettes and alcohol? I can't find any numbers to put this into context.
Looks like ~$200M in state and local tobacco tax revenue in 2012.
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Doc...
Re: Marijuana tax take nearly double expected in Colorado
#5>Tax collected on marijuana sales came to $70 million (does not give the time period) How much does Colorado collect in taxes on cigarettes and alcohol? I can't find any numbers to put this into context.
Colorado collected $42 million in alcohol taxes over the same time period.
http://dailycaller.com/2015/09/15/colorado-just-became-the-f...
Re: Marijuana tax take nearly double expected in Colorado
#6>Tax collected on marijuana sales came to $70 million (does not give the time period) How much does Colorado collect in taxes on cigarettes and alcohol? I can't find any numbers to put this into context.
According to [1], $206M in 2012.
[1] [http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Doc...]
Re: Marijuana tax take nearly double expected in Colorado
#7>Tax collected on marijuana sales came to $70 million (does not give the time period) How much does Colorado collect in taxes on cigarettes and alcohol? I can't find any numbers to put this into context.
According to this Colorado DOR [0], this report [1] contains the following figures for Fiscal year 2013/2014 for alcohol excise taxes:
Spirits: $26,512,197
Wine: $ 5,571,591
Beer: $ 8,784,975
I did not look for figures for cigarettes.
[0]- https://www.colorado.gov/pacific/revenue/colorado-liquor-exc...
[1] - https://www.colorado.gov/pacific/sites/default/files/Liquor%...
Re: Marijuana tax take nearly double expected in Colorado
#8Chicago and Detroit should take note. Allow drugs and tax the hell out that sh.
Re: Marijuana tax take nearly double expected in Colorado
#9Yeah, it'd be interesting to also see how much less / more policing is required, drug rehab programs, anti-drug programs, loss economic behavior due to increased drug use, diversion of consumption from other taxable goods to MJ (say a decrease in alchohol tax revenue), etc. Hopefully much less policing is required, but I don't think it was particularly policed all that much to begin with. In fact, policing tax collec…
These are critical parameters that we're completely blind to. I'm pro-legalization myself, because I think the data will ultimately support it as being the best option, but we need to check that hypothesis with reality.
Re: Marijuana tax take nearly double expected in Colorado
#10Yeah, it'd be interesting to also see how much less / more policing is required, drug rehab programs, anti-drug programs, loss economic behavior due to increased drug use, diversion of consumption from other taxable goods to MJ (say a decrease in alchohol tax revenue), etc. Hopefully much less policing is required, but I don't think it was particularly policed all that much to begin with. In fact, policing tax collec…
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