National Cannabis Summit

Economic Impact of Cannabis Legalization in Colorado

• Colorado’s marijuana industry generated over $1 billion in sales in 2016.
• Tax revenue from cannabis sales in Colorado exceeded $200 million in 2016.
• Legalization has led to the creation of thousands of jobs.
• Crime rates have not significantly increased post-legalization.
• Tourism has seen a boost due to cannabis legalization.

Health and Social Effects of Cannabis Legalization in Colorado

• Cannabis use among teens has not significantly increased post-legalization.
• Hospital visits related to cannabis have increased but remain a small percentage of total visits.
• No spike in traffic accidents has been observed.
• Public opinion polls indicate growing acceptance of cannabis use.
• The impact of secondhand cannabis smoke on non-users is still being studied.

Regulatory Challenges in Cannabis Legalization in Colorado

• Regulating edibles has been challenging due to dosing issues.
• The black market still exists due to high taxes on legal products.
• Zoning regulations control dispensary locations.
• Law enforcement faces challenges due to conflicting regulations.
• Quality control and labeling of products are areas of concern.

Economic Opportunities in Colorado’s Cannabis Industry

• Cannabis cultivation has created new opportunities for agricultural workers.
• Ancillary businesses like security and packaging have thrived.
• Real estate values in areas with dispensaries have increased.
• Investment from outside the state has been attracted.
• Job growth in the industry outpaces many other sectors.

Future Trends in Colorado’s Cannabis Industry

• Continued growth is expected in the coming years.
• Ongoing research on medical benefits.
• Legislative changes may impact future legalization.
• Evolving social attitudes towards cannabis.
• Technology and innovation driving advancements in production and consumption.

National Cannabis Summit Data Sources