Colorado Cannabis Use Rises After Legalization
Ryan Allway
December 30th, 2014
Policy, Top News
Cannabis use in Colorado has increased since the passage of Amendment 64, according to a new report by the National Survey on Drug Use and Health. The percentage of Coloradans over the age of 12 who reported using marijuana in the previous month rose to 12.7% between 2012 and 2013, which is the second highest rate in the entire United States after the State of Rhode Island.
The report also found that the use of other drugs, such as alcohol and non-medical pain relievers, also increased during the same period, although these rates weren’t as high as the 12.7% increase in marijuana usage.
While these figures may be troubling on the surface, there are several important things to keep in mind. The use of cannabis had already been rising in Colorado prior to the passing of Amendment 64, which means that a post-approval boost was already likely to be seen. By bringing sales from the underground to the regulated market, the hope was to raise tax revenue and address problems directly.
The important data will come when these figures settle over the coming years, which could indicate the true effect of legalization on the market, according to pro-legalization advocates. Until then, it’s difficult to see whether the data represents a positive or negative, particularly given the many positive developments in terms of tax revenue gains, crime reductions, and driving improvements.
Those opposing legalization point to the survey as proof that the government shouldn’t be too relaxed with the new regulations. With a large potential spike in marijuana usage, regulators should evaluate whether or not addiction is becoming a problem for many of these people. Then again, these data points are one of the few negative pieces of news since legalization occurred in the state.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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