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egal Marijuana Is A Boon To The Economy, Finds Study https://www.forbes.com/sites/monazhang/2018/03/13/legal-marijuana-i. <br /> While there was about $23 million in added costs to legalization — including law <br /> enforcement and social services — the county still ended up with a net positive <br /> impact of more than $35 million. <br /> The research itself was funded by state and local marijuana taxes, reported CPR. <br /> "When compared to other similar communities in states where cannabis is not legal <br /> in any form, Pueblo appears to be doing better on a number of measures," read the <br /> report. <br /> The study's authors pointed out some of the harms associated with legalization, <br /> including an increase in illegal marijuana grow operations and confusion among law <br /> enforcement officers trying to keep up with ever-changing pot regulations. But the <br /> report is notable in dispelling some of the harms that are often attributed to <br /> legalization: The researchers found no evidence that legal cannabis contributed to <br /> increased homelessness or increased youth use of marijuana. <br /> Pueblo has made headlines for its scholarships that are funded by a local marijuana <br /> excise tax. Last year, the county dedicated $420,000 to scholarships for 210 <br /> students. This year, the county is set to triple the number of scholarships it offers as <br /> tax collections are expected to top $750,000, reports KOAA. <br /> Legalizing marijuana on the federal level could result in an additional $105.6 billion <br /> between 2017 and 2025, according to a new report from the cannabis analytics firm <br /> New Frontier. That figure includes projections for business tax revenues, payroll <br /> withholdings, and a 15% sales tax. Meanwhile, fully legalizing cannabis today would <br /> add 654,000 jobs and up to 1 million jobs by 2025. <br /> It's clear that marijuana legalization can be a boon to local economies with robust <br /> regulatory regimes in place. Contrary to fears that retail marijuana outlets could <br /> have a negative effect on property values, a study on Colorado municipalities found <br /> that legalization actually led to a 6% increase in housing values. <br /> f2 5/1/2018. 12:56 PM <br />