In 2012, we were promised funds from marijuana taxes would benefit our communities, particularly schools. Dr. Harry Bull, the Superintendent of Cherry Creek Schools, one of the largest school districts in the state, said, "So far, the only thing that the legalization of marijuana has brought to our schools has been marijuana."
In fiscal year 2016, marijuana tax revenue resulted in $156,701,018. The total tax revenue for Colorado was $13,327,123,798, making marijuana only 1.18% of the state's total tax revenue. The cost of marijuana legalization in public awareness campaigns, law enforcement, healthcare treatment, addiction recovery, and preventative work is an unknown cost to date.
Senator Booker stated his reasons for legalizing marijuana is to reduce "marijuana arrests happening so much in our country, targeting certain communities - poor communities, minority communities." It's a noble cause to seek to reduce incarceration rates among these communities but legalizing marijuana has had the opposite effect.
According to the Colorado Department of Public Safety, arrests in Colorado of black and Latino youth for marijuana possession have increased 58% and 29% respectively after legalization. This means that Black and Latino youth are being arrested more for marijuana possession after it became legal.