This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
DENVER - A new study out from the conservative Centennial Institute claims for every dollar Colorado gains from marijuana legalization $4.50 is spent mitigating the effects.
“It’s time to have an honest conversation about marijuana,” Jeff Hunt, Director of the Centennial Institute, said.
The study, authored by a third party firm QREM, estimates $381 million is lost through hospitalizations, $83 million through car accidents and $423 million through dropouts.
The cannabis industry rejected most of the report.
“It appears the Centennial Institute wants to shame consumers of marijuana,” Peter Marcus, a spokesman with Terrapin Care Station, a dispensary chain, said.
Marcus argues the report is largely based on assumptions - pointing to a recent state report
by the Department of Public Safety that in his opinion mentioned only a handful of negative impacts.
Marijuana laws and regulations are expected to intensify in 2019 as current regulations sunset and a marijuana friendly governor takes office with Jared Polis.