Muniland’s marijuana math

January 31, 2014

Source: ABC 7 News Denver

The sale of marijuana for recreational use was made legal in Colorado starting January 1, and it appears to be a big success. Product and tax revenue numbers are not yet available, but some have predicted that Colorado will bring in an estimated $40 million in tax revenue this year from marijuana sales. USA Today reported anticipated tax revenues of $1.9 billion in five years for Washington State, which legalized recreational use in November:

States are our biggest spenders

December 19, 2013

Spending by states, at $1.7 trillion, is about 10 percent of the national GDP. State spending supports education, medical care for low income citizens, assistance to local governments and many other services. State governments are hives of economic activity. Like corporate entities, they must balance their books at the end of every year.