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marijuana industryThe Sun
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81% Informative
Colorado now collects fewer marijuana tax dollars than it did in 2018 .
Federal changes have created a $2.2 billion quasi-legal market for intoxicating hemp products.
Intoxicating hemp is produced by converting CBD derived from hemp, which is legal, into chemicals similar to the THC contained in cannabis.
Colorado 's legal marijuana sellers are seeing less consumer interest in their highly regulated products.
The General Assembly passed a law directing the tax dollars it generated to a handful of areas related to drug use.
But over time, lawmakers have expanded the possible uses for marijuana taxes to as many as 21 categories, including housing, entrepreneurial programs, trial courts and veterans services.
“ My first few years in the legislature, it was seen as, oh, that’s where you go to pay for your bills,” said JBC chair Jeff Bridges .
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83
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