Marijuana tourism is alive and well in the US!
Back when I was in high school and college, marijuana tourism meant getting a passport and flying to Amsterdam. In 2014, it’s a relatively short flight to Colorado.
Legal marijuana combined with great skiing and hiking, and no passport necessary? C. Che and I are planing a trip as I type this!
Marijuana dispensaries in Colorado are loosely tracking where their customers come from. So far they are seeing a lot of Texans, as well as residents of the Eastern seaboard. Yes, marijuana tourism in Colorado has begun.
January 2014 marijuana sales generated $1 million in taxes. Yes, that is $1 million towards education, infrastructure, maintenance, and tourism.
We predict that as quality of life goes up in Colorado and other states that legalize recreational, as well medical, marijuana, the rest of the country will take notice. These are the states that will have the funds to attract great teachers, doctors, and businesses.
Colorado is predicting an extra $67 million annually, which is nearly twice as much as the state receives from alcohol taxes.
As a side note, I find it interesting that nobody thought about the banking and cash issue.
Basically, since selling marijuana is still illegal at the federal level, and our banks are regulated by the federal government, banks are refusing to do business with marijuana retailers.
This leaves the shop owners with a big security issue – namely, too much cash. Imagine having to bring $50,000 in cash to the state tax office. And the possibility of being robbed while en route.
The Department of Justice is supposed to be issuing a memo to the affected parties, clarifying the Federal government’s stance on US banks accepting money earned from marijuana sales. It is predicted to be too little, too late.
We are just happy that recreational pot is legal somewhere in the US!