Industry

Most Colorado voters say legal weed has been good for the economy

Excerpt: Fewer than four in 10 Colorado voters say that marijuana legalization has been bad for their state, according to a new survey by Public Policy Polling. A plurality — 47 percent — say legalization has been good, while an additional 9 percent say it hasn’t made a difference either way.

Colorado voted for marijuana legalization in 2012, with the first recreational marijuana shops opening in 2014. At the time, opponents warned of dire consequences, such as skyrocketing crime rates and increases in underage marijuana use.

But a recent Cato Institute analysis found that none of those nightmare scenarios have come to pass so far.Teen use is down, crime is flat and many other social and economic indicators are unchanged.

“The absence of significant adverse consequences is especially striking given the sometimes dire predictions made by legalization opponents,” the Cato authors conclude.

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