How Legalizing Marijuana

effect economy in Colorado

By Tar and Pleum

 How Legalizing Marijuana
effect economy in Colorado

Many people understand that Marijuana is a bad and illegal thing, But many
country can see it benefits and made it to be legal. Now Marijuana is very
popular in the United States. The first year of sale and use of Marijuana, the
results was better than expected for benefiting the economy and the job
market. The legalization of marijuana in Colorado have effected to economic in
many way. The two main thing that it effect is Employment and Tax revenue for
the state and country.

Unemployment Rate Tax Revenue

 Employment Effects
Legalizing Marijuana will create a lot of job that mean it will lower
unemployment rate.

Job created
2014 2015

Direct employment (FTE) 9936 job Direct employment (FTE) 12,591job

Indirect employment 2285 jobs Indirect employment 2,896jobs
Induced employment 1987 jobs Induced employment 2,518jobs

Direct Employment Induced Employment

Retail operations, Administration, Security Guard, supervisors

Management, Agriculture Specialize

Indirect Employment
Reseller, Seller
 Tax and Revenue

Legalizing Marijuana will increase the tax revenue for the state or country.

According to Marijuana Policy Group. In 2015, marijuana taxes

were the second largest revenue source among excise products
in the state (e.g., tobacco, alcohol, and gaming).

Marijuana tax revenue were In 2015 marijuana tax revenue were

63.4 million in 2014, and 14% larger than casino and gaming
$121.2 million in 2015. revenue and almost three larger and
alcohol revenues
 Tax and Revenue
Legalizing Marijuana will increase the tax revenue for the state and
country

Here is the graph that show the Comparison between the other excise tax and
marijuana

Graph show the revenue of excise tax in Colorado

Colorado Revenue Comparison: 2014-2020

*Note
is 2020 Projections based on MPG Research.
enue
x rev e
ijua na ta t than th
Mar g faste
s
x.
in e ta
grow er excis
oth