Recreational weed sales have generated more than a half billion dollars for Colorado since its legalization, according to a recent analysis.
The centennial state legalized medical marijuana in 2000 and became the first state to legalize recreational weed sales to adults in January 2014. Between 2014 and May 31 of this year, cumulative cannabis sales have generated $506 million in tax revenue,
VS Strategies, a pro-legalization research company in Denver, finds.
About 51 percent of the accumulated tax revenue has gone to K-12 education, with $117.9 million of it used to fund school construction projects, the analysis said. Another quarter of the revenue is split between regulation substance abuse prevention and treatment programs.