Legalizing Marijuana Tax Revenues Proves A Success

Photo Credit: Morgue File

Photo Credit: Morgue File

The Aurora Sentinel has reported that the city of Colorado have assigned agencies to receive some funds that Colorado accumulated through taxes of weed profits. With a number drawing attention at $1.5 million, the tax revenue of selling recreational weed giving it to supporting the homeless and homeless agencies is gaining positive support around the United States. With Denver city officials estimating a $5.4 million tax net an additional $680,00 allegedly will be used for non-profits and $2 million will be used for building a new recreation center reportedly in the southeast district of Aurora.

“We want to be able to show citizens that we are having a positive impact on the community and point to specific projects or initiatives to where that money is going to,” – Bob Ruth, City Councilman Huffington Post

With the trend of using marijuana tax profits as benefits more states are putting an ear to their inner city to find out what to do with the tax spoils. Like California who reportedly are estimating to bring in $16.7 million annually! That’s a lot of tax cheddar…to fund “permanent supportive housing,” I would’ve found something better to call it for $16.7 million, but I am sure a lot is to come with that.

Of the $1.5 million Colfax Community Network, a non profit organization that supports a number of families living temporarily in motels will receive $200,000 and two agencies Comitis Crisis and Aurora Mental Health will reportedly receive new vans (between $30,000-$44,000) to be used for homeless outreach. That’s a great way to show and prove you can turn something around, anything and make it positive. I wonder if more states will consider now legalizing the controversial drug and the good it could do in communities rather than the bad.

 

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