What they do is sell marijuana. And not on street corners. Colorado is the developed world’s only regulated for-profit cannabis market, and sales—to the 100,000 residents who have a thumbs up from their M.D.s—are closing in on $200 million this year, a sum that generates tens of millions of dollars in local, state, and federal taxes. (Yes, the IRS taxes marijuana operations, even as the Justice Department attempts to shut them down.) Colorado is not the world’s only experiment in free-market pot, but it’s the most sophisticated, pushing beyond the Netherlands’ confusing ban on wholesale and California’s hazy nonprofit status. Denver’s former city attorney has called it California “on steroids.
Posted on: Sun, 15 Sep 2013 17:09:42 +0000
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