According to a recent article by Forbes, Colorado pulled in $2 million in taxes related to the sale of recreational marijuana in January 2014 alone. Combined with taxes on sales from medicinal marijuana, the state pulled in nearly $3.5 million in pot-related tax revenue.
If that trend continues, the state will see more than $40 million in additional tax dollars in 2014. To put that in perspective, that’s approximately 1% of the total annual budgets for Delaware, South Dakota, Montana or West Virginia.
There are a couple of layers of tax in place on the sale of marijuana. To begin with, there’s a 10% state sales tax imposed on retail marijuana and marijuana products on top of 2.9% in existing state sales tax (this is in addition to any local sales tax).
In some cases, a country's government completely controls the distribution of marijuana, barring any individuals from cultivating the drug. In other countries the citizens can grow it, smoke it, and sell it! See the attached list for which countries have a more liberal approach to the drug. While others still handout harsh sentences.
The series of 5 lists examines the marijuana laws of 92 countries, accompanied by spectacular pictorials.
Subscribe to my News feed to receive all five of the articles in the series. It's a free subscription.
According to the CIA and the Central Bank of Somalia, despite experiencing civil unrest, Somalia has maintained a healthy informal economy, based mainly on livestock, remittance/money transfer companies and telecommunications.
Cannabis "is illegal in South Korea." South Koreans can be prosecuted in South Korea for use of cannabis in other countries as well, as happened to a South Korean-American hip hop artist who will "spend eight long months in a [South] Korean prison" for his cannabis use while in the U.S.
Selling cannabis is a criminal offence punishable by law at any quantity. Buying anywhere, possession and consumption at a public place constitutes a misdemeanor and is penalized with a fine and confiscation.
Growing the plant on private property for personal use, and consumption by adults in a private space is legal.
Cannabis is decriminalized for possession, sale or transport is Illegal but cultivation is legal in a private property only. However, usually only the minimum penalty is imposed for possession and personal use, even for larger amounts.
The federal council has committed to implement changes as to decriminalization of personal use and possession already in 2001.
As of 1 January 2012, the cantons Vaud, Neuchatel, Geneva and Fribourg have allowed the growing and cultivation of up to 4 cannabis plants per person, in an attempt to curb illegal street trafficking.
Consuming any drug (personal use or not) is illegal and requires juridical process. Possessing, purchasing or receiving any illegal drug, including Cannabis, is punishable by 1–2 years in prison; there is also the option of treatment and/or probation for up to three years.
If users refuse treatment or do not comply with probation requirements, the courts can decide on sentencing. Sale and supply is punishable by a prison term of 5–10 years, and production or trafficking by a minimum term of 10 years.
Cannabis is a Class B drug (moderate risk) in the UK. Police enforcement actions vary from county to county but possession of less than 3 grams is unlikely to result in any more than a mere confiscation and a written warning for the first two cannabis possession offences.
Possession-Varies per state Sale-Varies per state Transport-Varies per state Cultivation/Growing-Varies per state.
Illegal at the federal level (but legal at the state level in Colorado and Washington decriminalized in 14 states, medicinal legal in 20 states and DC.
As of 15 September 2010 possession of up to 20 grams of Marijuana or 5 grams of genetically modified Marijuana, if proven not to be for medical or personal consumption, is punishable by 1 to 2 years in prison at judge's discretion.
If deemed to be for personal consumption, the user is subject to security measures involving rehabilitation and detoxification procedures.
Since the land reform program in 2000, tourism in Zimbabwe has steadily declined.
Several airlines have also pulled out of Zimbabwe. Australia's Qantas, Germany's Lufthansa and Austrian Airlines were among the first to pull out and most recently British Airways suspended all direct flights to Harare.