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Report: Legalized marijuana could generate $100 million annually for Colorado

If marijuana is legalized in Colorado, a new report suggests that it could be a boon for the state, generating nearly $60 million in revenue for the state in the first year of legalization with that figure projected to grow to around $100 million dollars after five year, the Huffington Post reports. According to a new report from the Colorado Center on Law & Policy, the passage of Amendment 64 — the ballot measure that seeks to legalize and regulate marijuana like alcohol for adult use — in November will produce hundreds of new jobs, raise millions for the construction of Colorado public schools and raise $60 million annually in combined savings and revenue for Colorado’s budget. By 2017, the report projects that that budget figure could nearly double…

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