Democratic Gov. Jared Polis signed legislation into law which provides the office with expanded powers to pardon those with past marijuana convictions.
“[L]egalization in Colorado is associated with an increase of nearly 51,000 hotel rooms rented per month [and] once commercial sale is permitted, there is an increase of almost 120,000 room rentals per month.”
Investigators from Department of Justice and Criminology at Washington State University reported, “Our results from Colorado and Washington suggest that legalization has not had major detrimental effects on public safety.”
The passage of statewide adult use marijuana laws is associated with an immediate uptick in housing prices, according to an assessment published by the online service Clever Real Estate. It reported, “Using Colorado and Washington as case studies, it’s clear that the market benefits from marijuana legalization outweigh the potential costs in terms of home values.”
With marijuana sales in Colorado topping $1 billion, local and state officials are making the most of marijuana tax dollars by reinvesting in public education and funding local projects.
Following the lead of other major cities and counties in states that have legalized adult-use marijuana local officials in Colorado are taking action to undo the injustices of marijuana prohibition.