New Denver Report Shows an Increase in Tax Revenue and a Decline in Marijuana-Related Crime
This recap originally appeared on Denvergov.org
DENVER – Retail marijuana sales and projected marijuana tax revenue are up, and marijuana-related crime continues to drop. Those are a few of the key statistics released by Denver in the City’s 2018 Annual Marijuana Report.
Key stats from the report showing data from January 2017-January 2018 include:
“This new report demonstrates Denver’s coordinated approach between multiple agencies to manage marijuana is working,” said Denver’s Mayor Michael B. Hancock. “We took on the daunting challenge of becoming the first major city in America to manage legalized recreational marijuana and we are having success. That’s because of coordination between Denver’s Excise and Licenses, Denver’s Fire Department, Police Department, Department of Public Health and Environment, Community Planning and Development, as well as our partners in other city agencies, the community from the marijuana industry and public health advocates.”
2017 marked the fourth year of retail sales of marijuana in Denver and the industry has grown to more than 1,100 business licenses operating out of nearly 500 locations. The first licensed marijuana consumption establishment was opened in 2018.