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The First Tax Coloradans Will Be Happy To Pay

Naturally the only way medical marijuana or recreational marijuana will ever be legal in Colorado is if the state figures out a way to tax it.

Legalizing medical marijuana will prevent millions of dollars from being wasted on prohibition enforcement and money lost locking up people; plus millions of new dollars will be produced from taxation.

The only fear is that greedy prohibitionists will lobby for an unrealistic tax on medical marijuana, which if that happens, there will still be incentive to keep marijuana on the black market.

Most people understand a realistic taxation, similar to the tax on tobacco and alcohol will benefit the schools and other community projects that need money. Some analysts suggest marijuana taxes could generate up to $100 million in new tax revenue the first year, unless the federal government blocks commercialization of marijuana, and then any possible benefits will be crushed.