Clearly, Colorado has no regrets over its 2014 decision to legalize the recreational use of marijuana. Figures released Wednesday show the move has earned the state more than $1 billion.
The news comes on the heels of Colorado’s highest-grossing months for marijuana sales, as April and May each saw earnings of $24 million.
While those numbers represent the amount of earned state revenue, the overall earnings of the Colorado cannabis industry are much higher. Total sales of marijuana and weed-related products have generated more than $6.5 billion since 2014.
Given these figures, why do you think some states are still holding out? What do you predict could be the next cash cow for states?