CO Dept. of Revenue Reports $1.3 Billion From Marijuana Industry in 2016


, , , , 20 Comments

The Colorado Department of Revenue’s announcement that $1.3 billion in regulated marijuana sales took place in calendar year 2016, generating nearly $200 million in state tax revenue. These figures do not include millions of dollars in revenue generated by local taxes on marijuana.

The Cannabist reports:

To put the state’s third year of regulated recreational marijuana sales in perspective, Year One totaled $699.2 million (combined with medical sales) and Year Two jumped up to $996.2 million. The trend should continue in Year Four, but beyond that? It’s a murkier proposition.

2016 was the year in which the $100-million-month became a baseline and heralded a record-breaking summer: The combined sales for July, August and September were $376.6 million.

Monthly sales topped $100 million in eight of the 12 months. In December, which is typically a strong month for cannabis transactions, pot shops’ sales were a little more than $114.7 million, a 13 percent increase from the $101.3 million recorded in December 2015.

Read the rest of this entry »

Read More

Annual Colorado Government Report on Marijuana-related Health Concerns Highlights Several ‘Encouraging Trends’


, , , , 20 Comments

The Colorado Department of Public Health and Environment highlighted several “encouraging trends” in its latest annual report on marijuana-related health concerns.

According to the report:

•    “For adults and adolescents, past-month marijuana use has not changed since legalization either in terms of the number of people using or the frequency of use among users.”

•    “Based on the most comprehensive data available, past-month marijuana use among Colorado adolescents is nearly identical to the national average.”

•    “Daily or near-daily marijuana use among adults is much lower than daily or near-daily alcohol or tobacco use. Among adolescents, past month marijuana use is lower than past month alcohol use.”

•    “Marijuana exposure calls to the poison center appear to be decreasing since 2015, including unintentional exposures in children ages 0-8 years.”

•    “The overall rate of emergency department visits with marijuana-related billing codes dropped 27 percent from 2014 to 2015 (2016 data is not available yet).”

•    The estimated percentage of women in Colorado who used marijuana during pregnancy is “not statistically different” from the national average.  

Once again, Colorado continues to demonstrate that regulating marijuana works.

Read More

Federal Survey Finds Teen Marijuana Use Remains Unchanged Following Legalization


, , , , , , , , 20 Comments

The federal government quietly published new national survey data in December that shows rates of teen marijuana use in Colorado and Washington — the first two states to legalize and regulate marijuana for adult use — decreased more than the national average in 2014-2015. Fewer teens in the two states are reportedly using marijuana than in 2012-2013, just prior to the commencement of legal adult marijuana sales.

The Substance Abuse and Mental Health Services Administration (SAMHSA) released the results of the 2014-2015 National Survey on Drug Use and Health (NSDUH) on Tuesday along with a press release that did not include any mention of marijuana.

According to the NSDUH:

–    In Colorado, the rate of 12-17-year-olds who used marijuana in the past month dropped 1.43 percentage points from 12.56% in 2013-2014 to 11.13% in 2014-2015, compared to 11.16% in 2012-2013. The rate of past-year use dropped 2.46 percentage points from 20.81% in 2013-2014 to 18.35% in 2014-2015, compared to 18.76% in 2012-2013.

–    In Washington, the rate of 12-17-year-olds who used marijuana in the past month dropped 0.89 percentage points from 10.06% in 2013-2014 to 9.17% in 2014-2015, compared to 9.81% in 2012-2013. The rate of past-year use dropped 1.92 percentage points from 17.53% in 2013-2014 to 15.61% in 2014-2015, compared to 16.48% in 2012-2013.

–    Nationwide, the rate of past-month marijuana use among 12-17-year-olds dropped 0.02 percentage points from 7.22% in 2013-2014 to 7.2% in 2014-2015, and the rate of past-year use dropped 0.42 percentage points from 13.28% to 12.86%.

The overall findings of the NSDUH are in line with those of the annual Monitoring the Future survey sponsored by the National Institute on Drug Abuse (NIDA), which were released last week and found little change in rates of teen marijuana use.

Read More

Colorado Sees More Than $1 Billion in Marijuana Sales in 2016


, , , , , , , , 20 Comments

picstateflag_1Legal marijuana businesses in Colorado made more than a billion dollars in sales during the first 10 months of 2016, exceeding sales numbers from last year.

The Cannabist reports:

Recreational and medical cannabis shops in America’s first 420-legal state have sold nearly $1.1 billion of marijuana and related products in 2016, according to the new October data from the state’s Department of Revenue.

When 2015’s year-end marijuana tax data was finally released in February, Cannabist calculations showed $996,184,788 in sales at Colorado marijuana shops that year — spurring a leading industry attorney to tell us at the time, “I think it’s ethical to round that up to a billion.”

That same lawyer, Vicente Sederberg partner Christian Sederberg, celebrated the billion-dollar news on Monday by also pointing to the Colorado cannabis industry’s increasing economic impact and skyrocketing tax revenues for the state as well as numerous cities and counties throughout Colorado.

“We think we’ll see $1.3 billion in sales revenue this year,” said Sederberg, “and so the economic impact of this industry — if we’re using the same multiplier from the Marijuana Policy Group’s recent report, which is totally reasonable — it suddenly eclipses a $3 billion economic impact for 2016.”

In addition to creating economic benefits, including state and local tax revenue and thousands of jobs, this legal market is on pace to continue stripping billions of dollars a year from the criminal market.

 

Read More

Denver Approves Groundbreaking Social Use Initiative


, , , , 20 Comments

screen-shot-2016-11-15-at-10-53-11-amDenver voters have approved a ballot initiative to allow social cannabis use in certain private businesses. Initiated Ordinance 300 (I-300) was too close to call on Election Day, but once all the ballots were counted, it ended up receiving a solid 53.5% of the vote.

I-300 creates a pilot program for permitting private establishments to allow adult cannabis consumption in designated areas. The city will only issue permits to establishments that have received formal support from their officially recognized neighborhood organization or business-improvement district, and recipients will be required to follow a number of guidelines. A full description of I-300 is available on the Yes on 300 campaign’s website.

The passage of I-300 is generating a ton of media attention around the country and abroad.

Mashable reports:

“This is a groundbreaking law that reflects the shift taking place in the public attitudes toward marijuana,” Mason Tvert, Director of Communications for the Marijuana Policy Project, told Mashable.

“By allowing adults to use marijuana in certain private establishments, we can reduce the chances that they are going to use it in public, like on the street or in the park. This is a community-focused measure that ensures neighborhoods will have the final say over what is and is not allowed,” Tvert said.

“We believe this will allow communities and businesses to test the waters to see what works, then move forward with the best plans possible. We are hopeful this will produce a system that can serve as a model for other cities and towns in Colorado and throughout the nation,” Tvert told Mashable.

Read More

Study Shows No Increase in Colorado Teen Use After Legalization


, , , , , , 20 Comments

Rates of marijuana use among Colorado teens have NOT increased since the state made marijuana legal for adults, according to results of a statewide survey released Monday by the Colorado Department of Public Health and Environment (CDPHE). Rates of current and lifetime marijuana use among Colorado teens also continue to be lower than the national average.HKCSB1

“The survey shows marijuana use has not increased since legalization,” according to a CDPHE press release.

The biannual Healthy Kids Colorado Survey (HKCS) found that 21.2% of high school students in Colorado reported using marijuana within the past 30 days in 2015, down slightly from 22% in 2011, the year before Amendment 64 was approved and enacted, and 24.8% in 2009, the year hundreds of medical marijuana stores began opening throughout the state. The HKCS also found that the rate of lifetime use among Colorado high school students dropped from 42.6% in 2009 to 38% in 2015. The decreases do not represent statistically significant changes, and the state agencies that support the survey have reported, “The trend for current and lifetime marijuana use has remained stable since 2005.” Read the rest of this entry »

Read More

Supreme Court Dismisses States’ Lawsuit Against Colorado


, , , , , 20 Comments

Last week, the U.S. Supreme Court dismissed Nebraska and Oklahoma’s lawsuit challenging Colorado’s marijuana regulation laws.

OLYMPUS DIGITAL CAMERA

The decision is available here.

The attorneys general for Nebraska and Oklahoma filed the lawsuit directly with the Supreme Court in December 2014, arguing that the state’s decision to regulate the cultivation and distribution of marijuana was “placing stress on their criminal justice systems.” The Colorado and U.S. governments both filed briefs urging the court to dismiss the suit. Oklahoma Republicans also urged their attorney general to drop the suit. Read the rest of this entry »

Read More

Legal Colorado Marijuana Market Hurting Drug Cartels


, , , , , 20 Comments

According to a story published today by Fox News Latinothe legal marijuana market in Colorado is partially responsible for decreased Mexican drug cartel activity within the U.S. and along the border.

Legal marijuana in Colorado seems to have helped with resolving the problem of drugs in Mexico, says the report, citing the pro-marijuana Weed Blog, which says that over the past two years trafficking of the drug by Mexican cartels has dropped by “up to 70 percent.”Mexico_Flag_Map.svg

An official report by the U.S. Drug Enforcement Administration in October 2015 confirmed the reduction, showing that in 2014 there had been a year-on-year 23 percent drop in border smuggling.

Read More

New Gallup Poll Shows 58% of Americans Support Making Marijuana Legal


, , , , , 20 Comments

A Gallup poll released Wednesday shows 58% of adults in the United States think marijuana should be made legal, up from 51% in October 2014. Just 40% think it should remain illegal.

The national poll of 1,015 adults was conducted October 7-11 and has a margin of error of plus or minus 4%. The full results are available at here.

Gallup 2015

 

Americans’ support for legalizing marijuana is the highest Gallup has measured to date, at 58%. Given the patterns of support by age, that percentage should continue to grow in the future. Younger generations of Americans have been increasingly likely to favor legal use of marijuana as they entered adulthood compared with older generations of Americans when they were the same age decades ago. Now, more than seven in 10 of today’s young adults support legalization.

But Americans today — particularly those between 35 and 64 — are more supportive of legal marijuana than members of their same birth cohort were in the past. Now senior citizens are alone among age groups in opposing pot legalization.

These trends suggest that state and local governments may come under increasing pressure to ease restrictions on marijuana use, if not go even further like the states of Colorado, Oregon, Washington and Alaska in making recreational marijuana use completely legal.

Read More

Colorado Court Overturns Marijuana Conviction


, , , , , 20 Comments

In what hopefully becomes a trend in other states, a Colorado court has overturned a marijuana conviction275px-Colorado_Court_of_Appeals that occurred just after the passage of Amendment 64.

Huffington Post reports:

A state appeals court has overturned the marijuana conviction of a Colorado woman who was sentenced and convicted for marijuana possession just days after voters approved a measure legalizing recreational marijuana in the state almost three years ago — retroactively applying the law to her case. 

Citing a decision in a previous case, the appeals court ruled that convicted criminal defendants should receive “benefit of amendatory legislation which became effective at any time before the conviction became final on appeal,” the opinion, issued last week, reads.

Read the rest of this entry »

Read More