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Re: DrewSmith75 post# 163526

Tuesday, 03/11/2014 10:27:54 AM

Tuesday, March 11, 2014 10:27:54 AM

Post# of 241572
you made a mistake by not using excise tax levels, around 13% taxed twice on pot. So I think the number was 12-17 mil made in co? which means well over $150 mil this year. Also consider that there were MAJOR pot shortage in all of CO to the point that dispensaries set very small limits on what people could buy. When supply catches up with demand, and pot tourism ramps up, things will look even better.

More importantly if 5.18 million CO residents plus say .5 million out of state visitors this year spend 15 mil * 12 months = 180 mil, and that market makes up 313 mil / 5.75 mil = a multiple of ~54X so a fully legal US could arguably see $8.1 billion in MJ revenue..... sounds like a great market to be in to me
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