Sales of legal and medical pot in the state continue to grow, according to the latest figures from the Colorado Department of Revenue.
A record July and banner year-to-date 2016 mean that the state is collecting millions in taxes, too. Through July, the industry has produced nearly $105.8 million in taxes and fees put toward state funds such as educational capital construction grants and health programs.
But one Colorado school superintendent, Cherry Creek’s Harry C. Bull Jr., wrote to parents last month, “So far, the only thing that the legalization of marijuana has brought to our schools has been marijuana.”
As supply of the drug has flooded into the market in Colorado in the past year, prices to consumers have fallen almost fifty percent, according to industry analysts.