Returning from a long drive through Marijuanaland, also known as Colorado, I can report that there is no massive transformation. No potheads loitering in the streets. And citizens are still earnestly debating the subject.
Proponents of legalized cannabis in New Mexico weave tales of vast riches from tax revenues, but it’s not entirely working out that way.
Colorado’s law has a local option provision, so each county gets to decide whether it wants marijuana dispensaries. Some counties have voted it down, and others have yet to vote.
As for tax revenues, a youthful source told me the taxes are so high it’s cheaper to buy it on the street. Recreational users pay a 2.9 percent state sales tax, a 10 percent special marijuana sales tax and a 15 percent retail excise tax.
Because it’s legal to grow six plants, 40 percent goes untaxed, according to the Colorado Marijuana Enforcement Division. The projected $48 million in marijuana taxes for the fiscal year ending in June withered to $12 million.
One of my friends complains that Mary Jane’s tax revenues can only be used to build schools — the excise tax’s first $40 million is earmarked for school construction — but some communities don’t need to build a school. They need to improve the schools they have.