Does cannabis cost, or pay? CCU study claims marijuana costs $4.50 for every $1 it generates

Coloradans spend $4.57 to mitigate marijuana’s effects for every tax dollar it generates, claims a recently released study.

Colorado Christian University’s Centennial Institute scoured 2017 data to try to understand the economic and social costs of legal marijuana, said Jeff Hunt, CCU’s vice president of public policy and director of the Centennial Institute.

“No matter where you stand in the marijuana legalization debate, having more information is critical to making the best decisions for the future of Colorado and our nation,” Hunt said in a statement.

The tab taxpayers pick up will likely increase as commercial marijuana’s long-term health consequences become more clear, Hunt said.

“Like tobacco, commercial marijuana is likely to have health consequences that we won’t be able to determine for decades,” Hunt said, adding that those costs are not configured in the report. “The economic and social costs in this report are intentionally low and the comprehensive costs are likely much higher.”

Read the full story on vaildaily.com.

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