In January, Colorado defied the federal government and stepped with both feet into the world of legal recreational marijuana, where no state had gone before.
For seven months Coloradans have been lawfully smoking joints and inhaling cannabis vapors, chewing marijuana-laced candies and chocolates, drinking, cooking and lotioning with products infused with cannabis oil. They are growing their own weed, making their own hash oil and stocking up at dispensaries marked with green crosses and words like “health,” “wellness” and “natural remedies.” Tourists are joining in — gawking, sampling and tripping in hotel rooms. Business is growing, taxes are flowing, cannabis entrepreneurs are building, investing and cashing in.
Cannabis sales from January through May brought the state about $23.6 million in revenue from taxes, licenses and fees. That is not a huge amount in a $24 billion budget, but it’s a lot more than zero, and it’s money that was not pocketed by the black market.