“There’s this idea that marijuana just appeared on January 1, 2014 and all of a sudden everyone is going to be using marijuana and not going to work,” says Christian Sederberg, a Denver-based attorney at Vicente Sederberg LLC and one of the key members of Colorado’s Amendment 64 campaign to legalize cannabis. “These are adults. They make decisions. They’ve been using marijuana for a long time and now they’re buying it from a taxed and regulated store.”
It’s been over 18 months since Colorado became one of the first states to legalize marijuana. Though opponents of the measure predicted doom and gloom scenarios, the end of pot prohibition has not resulted in apocalyptic disaster.
In fact, the legalization of cannabis has been a boon to Colorado financially with an expected one billion in sales by 2016 and $40 million in excise taxes to be placed in state coffers.
“No taxes or anything are going to be a panacea. But what it is though is $60 to $100 million at the state level. That’s real money,” states Sederberg.
That’s not to say that legalization hasn’t come with it’s challenges.
One of the unforeseen areas where Colorado faced problems was with edibles—an issue illustrated in Maureen Dowd’s now famous (and highly mockable) editorial where she recounts her bad trip on edibles. The New York Times also reported that just after five months of legal sales, Colorado hospitals reported an increase in the number of children and adults becoming sick from eating edibles (the same article also notes the lack of hard data on the topic).
Read More: Here