High Country Caregiver

Colorado Marijuana Money

Colorado as with many states this new decade is finding itself in a budget deficit, $60,000,000.00 for Colorado to be exact, so our Governor Ritter decided to use $9,000,000.00 from state marijuana license fees to pay the deficit this year.  This is a major tipping point for marijuana acceptance in the United States, using marijuana license fees to fund the state deficit.

Rob Corry, Denver Attorney and many others around the state have wondered where the fees collected from medical marijuana applications have been going, and even filed motions with the state demanding the State of Colorado release records as to the wear a bouts of the enormous fund.  It costs $90.00 to register to be a licensed marijuana consumer in Colorado, times that by 150,000 applications per year, yes, every year now, and growing and you have a lot of money.  Enough money to pay off the deficit of the State.  The speculation about such financial gain for society of drug legalization has often been suggested, but in his last months in office, Governor Ritter puts on the logic hat, bytes the carrot and takes the cash.  Now you are able to sell cannabis in Colorado, pay your taxes on it, and when you register as a patient you are helping the state financial debt and helping marijuana to pave the way to Colorado’s finanacial future.  This is a good day for cannabis legalization in America, and brings us one step closer to that reality.

Ritter sealed the deal and according to the Denver Post: “Ritter, a Democrat, said that no matter what he thought about medical marijuana as a prosecutor when voters approved it under Amendment 20 in 2000, it’s legal now, and he has a budget to balance.”  Ritter had speculated along with 30 other states that they would receive more Federal stimulus money and did not receive the total amount in 2010.  Left to fend for himself, we applaud Ritter for balancing the budget, and letting being known public about the medical marijuana funds in Colorado.  Jah Bless!

Ritter meets deficit with marijuana money

This entry was posted on Tuesday, August 24th, 2010 at 4:20 pm. It is filed under Caregiver & Patient, Colorado Marijuana Laws and tagged with 5 patient limit, bubble hash, caregiver, cash fund, cost of marijuana, deficit, department of revenue, dispensary, fees, growing, HB 10-1284, Legalities, legalization, marijuana photos, medical marijuana, medical marijuana laws, organic pot, regulation, ritter. You can follow any responses to this entry through the RSS 2.0 feed.