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Legal marijuana looks to be profitable for Colorado, but not cheap for users

On Wednesday, Jan. 1, Colorado became the first state to fully legalize marijuana, meaning you don’t need a prescription to purchase it. There are currently 24 shops selling legal pot in the state of Colorado, but many more applications are pending, according to The Inquisitr on Jan. 3.

Legal marijuana sales without a prescription began on Jan. 1
Photo by Theo Stroomer/Getty Images

That first day, Jan. 1, Colorado’s marijuana sales topped $1 million with customers forking over up to $400 an ounce in a legal buy. A lot of customers waited for hours upon hours in long lines.

It’s a huge deal for me,” said Andre Barr, a 34-year-old deliveryman who drove from Michigan to purchase marijuana. “This wait is nothing.”

Many other states allow medicinal marijuana, but not the open sale that Colorado now has. These states and more will be watching Colorado to see if legalized marijuana works.

By year’s end, the state of Colorado is expected to ring up over $600 million from the sale of legal marijuana. This could go far into making it legal across the country. One recent poll showed 58 percent of people favoring the legalization of marijuana, the highest percentage ever.

You must be 21 years or older to buy marijuana in Colorado. State regulators are in place to make sure this regulation is strictly enforced.

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