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Money really changes things, including the mind. The latest copy comes from the city of Denver, where mayor Michael B. Hancock, who was once against legalization of marijuana, now utters his hymn.
Before Colorado voters approved the recreational use of cannabis in 2012, Hancock called the plant a gateway drug and the legalization told the wrong message to children.
Nowadays he calls the legal marijuana system in his city a success. He even appeared on radio in Massachusetts this summer, and talked about the positive aspects of marijuana legalization to calm the nerves of Massachusetts officials who, like him, were also against legalization.
On Boston Herald Radio, Hancock admitted that "the sky has not fallen as I thought it would happen." If you take care of it, enforce the laws around it and set up your governmental agency to work with the industry, good things will happen . & # 39;
Although he did not specifically mention the record profits of the city and a huge tax advantage from legalized marijuana, what else could he have done with good things?
Related: Michigan probably has nearly enough medical marijuana dispensaries for its huge market
Sales are snowballs
While some predicted that the Colorado sales figures for cannabis might eventually rise, it has not happened yet – at least not in Denver. Numbers released this month show legal, recreational marijuana sales were 29 percent higher in 2017 than in 2016.
Total marijuana sales in Denver reached $ 587 million. Of that, $ 377.5 million came from recreational marijuana sales.
The sale has had a snowball effect since the start in 2014 and is increasing every year. This also applies to marijuana taxes that flow into the city's treasury.
Tax revenues increased by 20 percent in 2017. In addition, projections call for a leap of at least 8 percent in 2018.
Related: The cannabis industry is going to legalize the world without waiting
Crime a non-issue
The city also reported that marijuana-related crime was responsible for less than 1 percent of all crime in the city. And crime related to the marijuana industry itself represented less than half a percent of all crime in the city.
The city also uses the money effectively. Since 2014, approximately $ 11 million has gone to organizations that serve children through Denver's Offices of Children & # 39; s Affairs and Behavioral Health.
This year the city spent $ 12.4 million on, among other things, affordable housing and opioid intervention. And almost $ 9 million went to regulation, education and law enforcement.
All this has made Mayor Hancock a believer. He said that coordination between different city departments helped to speed things up. In the city report, Hancock reported the latest number display: "Denver's coordinated approach between multiple agencies to manage marijuana works."
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