Recreational legalization of marijuana is nearly eleven months old in Colorado and the industry is enticing consumers from across the country. As reported by some dispensaries located on the borders of Colorado, as much as 40% of their business comes from out of state visitors.
Garden City, a teeny tiny town of about ~250 people on the south border of Greely has four dispensaries that are generating big business and tax revenues. What’s most important is the support the local community is showing the recent entrepreneurial successes. One of the biggest problems marijuana tax revenue is solving? Pot holes, they’re gone – all of them.
“The benefits we’ve seen is that the city council has put a lot of that money back into their city”
Stephen Lewchuk, operations manager of Smokey’s recreational marijuana shop located in Garden City, said.
The most staggering statistic is the overall jump in monthly tax revenues for the small Colorado city. Before legalization monthly revenues were approximately $16,000 a month, post legalization they have grown to more than $100,000 – a 425% increase. As small cities and states across the country continue to fast steep budget deficits, we can only hope elected officials look to the wide range of success stories like Garden City when shaping their local policies.