Bad move IMO
- Thread starter WHCSC
- Start date
People are paying 100s of dollars for tickets, travel, meals and devoting an entire day to watch 3-9 football … they’ll fork over another 10 for a beer
Iowa fan here
They put this in place in IC last year and I would say it has been a net positive for sure. Brings in money for the athletics dept. AND imo helps curb the real binge drinkers. A lot of people used to slam 5-6 drinks a half hour before kickoff knowing they couldn't get one in the stadium. Most people are just buying one or two a game inside anyways at $10 a beer
They put this in place in IC last year and I would say it has been a net positive for sure. Brings in money for the athletics dept. AND imo helps curb the real binge drinkers. A lot of people used to slam 5-6 drinks a half hour before kickoff knowing they couldn't get one in the stadium. Most people are just buying one or two a game inside anyways at $10 a beer
As I said in my post, and as alluded to in the above article, when you account for added enforcement (yes there's actually more) and police expenditures tax revenue from marijuana makes up for .85% of the colorado budget. Less than 1 percent.
Is it worth it? Heres a report. This group puts out a report each year since legalization. The most recent one Id say is the least damning for legalization, but still paints a not-so-rosy picture.
Colorado made aprox $337.5 Million dollars in revenue off marijuana sales in 2020. *latest numbers I saw, Since they have implemented the program they have made over $3 Billion in revenue and had less than 600K expenses added. Their GDP has increased nearly 20% their Tourism, and population have skyrocketed while unemployment went down, work place injuries and fatalities are down significantly too. Denver is almost 50% college educated and since a significant amount of the revenue goes to funding schools their school testing numbers are off the charts too.
According to The Motley Fool Nebraska is leaving over $35M a year in revenue (after expenses and 3 years of market establishment) due to not having legalized marijuana based on a generalized tax plan. We're in the middle of a weed economy and a gambling one. They are getting our tax money and our schools and every thing else is lagging way behind.
The results on the first 40 pages of that report should have been exactly what was expected. It simply outlines that there are more people using marijuana in Colorado now that it is legalized. With the increase use of marijuana, there will be more people getting busted with marijuana in their system etc. Also, now that recreational use is legal, I would also expect a reduction in the number of medical marijuana prescriptions. Why go to the doctor when I can just run down to the dispensary?
As far as you using the .85% of the annual budget as some sort of indication that marijuana isn't worth it, I guess I don't understand your point. How much revenue were you expecting from legal recreational use of marijuana? That is $262 million annually that wasn't in the coffers before 2013.
Crime seems to be on pace with the population increase.