Meanwhile Washington, the only other state legalizing cannabis, is predicting almost $400 million in revenue with only $2.7 million in costs, mostly going to changes in police training. (Via Washington Office of Financial Management)
That's a figure that could change some minds, bond analyst Thomas Doe tells CNN Money. "$400 million of new tax revenue would be material. I've seen states borrow $400 million to help fund infrastructure projects."
And public opinion of legalization has never been higher. An October poll put support at 58 percent of Americans, up 14 percent from a 2009 poll. So who could be the next to legalize? (Via Gallup)
The Independent Voter Network puts its money on Alaska, thanks to "a libertarian, live-and-let-live hue with a history of openness to marijuana."
Outside of Alaska and Washington, Colorado’s economic success so far could mean sweeping marijuana reform sooner rather than later. Then again, NBC includes a caveat from critics — "the costs of pot addiction."
Hard to put a number on that, but in a guest post for The Huffington Post — a substance abuse expert cites marijuana involvement in more than 455,000 emergency room visits in 2011.
See more at: Newsy.com