Colorado Marijuana Industry Projected King of the Mountain

Snow skiers on a summit
The marijuana industry in Colorado seems to be growing with no end in sight. As more retail stores open, the revenue is growing even more than anticipated. Combining recreational marijuana sales with medical marijuana sales with sales of ancillary products and services, the Colorado marijuana industry will be enormous.

Some observers are estimating that the Colorado marijuana industry will be larger than the skiing industry within 5 years.

The Colorado ski industry is estimated at about 3 billion dollars per year. According to most projections, Colorado’s marijuana industry could top 1 billion in 2014.

Other states need to end marijuana prohibition to create jobs in areas where jobs are scarce, infusing local economies with money and generating tax revenue for schools, roads, and parks. An added benefit is that legalization will free up law enforcement to work on fighting actual crime, including serious drug felonies.

About Douglas Slain

Doug received a JD from Stanford Law School, a MA from the University of Chicago, and a BA from DePauw University (Phi Beta Kappa). After practicing real estate and finance law at then Pillsbury, Madison & Sutro, he founded four national monthly law reporting titles now owned by Thomson-Reuters. He served two consecutive terms as chairman of the American Bar Association’s General Practice section’s Professional Responsibility Committee. Slain was an ABA-appointed rule of law consultant to the Ministry of Economy for the Republic of Latvia as its secured transactions adviser. He taught briefly at Stanford Law School as an adjunct clinical law professor. Slain has been the managing partner of Private Placement Advisors since August 2009. In January 2013 he founded Outliers Network.

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