Marijuana businesses in Colorado, which voted to legalize the drug recreationally in 2012, reported roughly $1.1 billion in legal sales of medical and recreational marijuana and related products this year through the month of October, according to the latest batch of tax data from the state’s Department of Revenue That number easily tops the roughly $996 million in total marijuana revenue the state reported in 2015. Marijuana is the most commonly used street drug during pregnancy. It only took Colorado 10 months to pass $1 billion in legal cannabis sales in 2016, one year after the state came up just shy of that milestone revenue figure.
What made you want to look up marijuana? At least five states will vote on legal recreational marijuana this November.
Voters in California, Massachusetts and Nevada have decided that marijuana should be legal to use recreationally, CNN projects Arizona has rejected its recreational marijuana proposition. Since Colorado’s legal recreational marijuana market was the first to open for sales nearly three years ago, three more states—Alaska, Oregon, and Washington—have launched their own recreational pot programs. It is now legal to possess, use, and home-grow marijuana for Massachusetts residents over the age of 21. Talk to your health care provider if you need help to quit using marijuana or any other street drug.
Stay on top of the latest RAND research highlights, news, and commentary with the official RAND email newsletter. For these reasons and others, neither the Marijuana Policy Project nor the National Council of State Legislatures has classified Louisiana as a state with a legal medical marijuana program. Most recently, California, Massachusetts and Nevada all passed measures in November legalizing recreational marijuana.
The marijuana industry created more than 18,000 full-time jobs last year and generated $2.39 billion in economic activity in Colorado, according to an analysis from the Marijuana Policy Group. Washington residents cannot grow recreational marijuana for personal use, although they can cultivate medical marijuana if it is approved by a physician for their use. The newly formed Colorado Marijuana Enforcement Division of the Department of Revenue regulates recreational marijuana in the state.
Colorado passed Colorado Amendment 64 on November 6, 2012, allowing the sale and possession of recreational marijuana. This effect may be enhanced if other drugs are taken with marijuana. Medical marijuana has been legal in the state since 2000.
The Denver Post first reported the state’s record sales figures, noting that Colorado saw $82.8 million in retail cannabis sales in October alone, along with more than $35 million in medical marijuana sales. Subscribe for the latest news and research! MAPS worked for over 22 years to obtain marijuana for medical marijuana drug development research, and the approval is a historic shift in federal policy.
Marijuana use is never permitted in jobs with federal drug testing regulations, such as the transportation industry. Prior to the vote, it was legal to use recreational marijuana in only four states and in the District of Columbia. Like Colorado, Washington taxes marijuana cultivation and sales.
However, many US states have legalized the use of marijuana for medical and/or recreational use. Cannabis industry research firm ArcView Group estimates that the legal marijuana industry in the U.S. industry could reach nearly $22 billion in total annual sales by 2020. In 2015, the state saw a 42% bump in legal cannabis sales from 2014, which was the year the state’s legal recreational pot market opened for business.
Unlike most other drugs, including alcohol, THC (the active chemical in marijuana) is stored in the fat cells and therefore takes longer to fully clear the body than with any other common drug