• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

After six months of legal pot, Colorado seems okay

By
Dan Mitchell
Dan Mitchell
Down Arrow Button Icon
By
Dan Mitchell
Dan Mitchell
Down Arrow Button Icon
July 2, 2014, 4:48 PM ET
Pot Prices Double as Colorado Retailers Roll Out Green Carpet
An employee pulls marijuana out of a large canister for a customer at the LoDo Wellness Center in downtown Denver, Colorado, U.S., on Thursday, Jan. 9, 2014. Colorado has just legalized the commercial production, sale, and recreational use of marijuana, while Washington State will begin its own pot liberalization initiative at the end of February. On Jan. 8, New York Governor Andrew Cuomo said his state would join 20 others and the District of Columbia in allowing the drug for medical purposes. Photographer: Matthew Staver/Bloomberg via Getty ImagesPhotograph by Matthew Staver — Bloomberg/Getty Images

Colorado is doing just fine six months in to the state’s legalization of marijuana, according to NORML, a group that advocates reform of pot laws.

Legalization has “not only failed to cause the reefer-madness social breakdown predicted by prohibitionists,” but “it appears that this new industry is starting to positively impact the state and its communities” economically, writes NORML director of women’s outreach Sabrina Fendrick.

The second assertion, being fairly easily measured, seems true enough. The first assertion, though, is at this point untestable. Even NORML says, parenthetically, that any assessment of the downsides of legal pot must be “inconclusive in its early stages.” Social breakdowns rarely happen in six months.

But while some prohibitionists have said some crazy things about legalization, it’s hard to take them seriously, and few do. At the same time, there are nearly always downsides to any initiative. In this case, the ones we’re seeing most often have been rather predictable: pot neophytes over-ingesting (especially edibles) and sometimes ending up in the hospital, police agencies claiming increased problems with stoned drivers, some reports of people hauling pot to other states for resale.

None of this seems particularly problematic, especially when compared to the ravages of (legal!) alcohol abuse. But intellectual honesty demands that we keep an eye out for the inevitable problems that will crop up. As time wears on, more of them will.

In the meantime, we can safely call the first six months a success. NORML notes that a burgeoning business has already grown up, despite the stigma and despite the fact that marijuana, insensibly, is still a Schedule I narcotic under federal law. That’s the same legal classification as heroin, and it has led to massive problems for people in the marijuana business who can’t get loans or other services because banks and other businesses are afraid of being prosecuted, or just tainted by association.

Despite that, Colorado pot merchants have racked up $69.5 million in retail sales, yielding $10.8 million in tax revenues (which doesn’t include licensing fees). There are about 10,000 people working in the industry, according to the Marijuana Industry Group, a Colorado industry association. At the same time, warnings that legal pot would scare away other businesses don’t seem to have panned out. Unemployment has ticked down in the state.

Meanwhile, violent crime has decreased by 5.2% in Denver. Property crimes are also down. It’s hard to know how much if any of that decrease is attributable to legalization, but some prohibitionists were warning that crime might rise. So far, it hasn’t.

Not a single pot retailer has been caught selling to minors. The minimum age for purchasing pot is 21.

With one big caveat in mind—that it’s only been six months—it’s hard to argue with NORML’s conclusion that “these first few months have shown in practice that the benefits of legalization significantly outweigh those of prohibition, both morally and economically.”

About the Author
By Dan Mitchell
See full bioRight Arrow Button Icon

Latest in

Middle EastMilitary
Trump pledges retaliation after 3 Americans are killed in Syria attack that the U.S. blames on the Islamic State group
By Samar Kassabali, Bassem Mroue, Seung Min Kim and The Associated PressDecember 13, 2025
12 minutes ago
InvestingStock
There have been head fakes before, but this time may be different as the latest stock rotation out of AI is just getting started, analysts say
By Jason MaDecember 13, 2025
2 hours ago
Politicsdavid sacks
Can there be competency without conflict in Washington?
By Alyson ShontellDecember 13, 2025
3 hours ago
Investingspace
SpaceX sets $800 billion valuation, confirms 2026 IPO plans
By Loren Grush, Edward Ludlow and BloombergDecember 13, 2025
4 hours ago
PoliticsAffordable Care Act (ACA)
With just days to go before ACA subsidies expire, Congress is about to wrap up its work with no consensus solution in sight
By Kevin Freking, Lisa Mascaro and The Associated PressDecember 13, 2025
4 hours ago
PoliticsDonald Trump
Trump couldn’t insult his way to victory in Indiana redistricting battle. ‘Folks in our state don’t react well to being bullied’
By Thomas Beaumont, Isabella Volmert and The Associated PressDecember 13, 2025
4 hours ago

Most Popular

placeholder alt text
Economy
Tariffs are taxes and they were used to finance the federal government until the 1913 income tax. A top economist breaks it down
By Kent JonesDecember 12, 2025
1 day ago
placeholder alt text
Success
Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $400 billion
By Preston ForeDecember 12, 2025
1 day ago
placeholder alt text
Success
40% of Stanford undergrads receive disability accommodations—but it’s become a college-wide phenomenon as Gen Z try to succeed in the current climate
By Preston ForeDecember 12, 2025
1 day ago
placeholder alt text
Economy
The Fed just ‘Trump-proofed’ itself with a unanimous move to preempt a potential leadership shake-up
By Jason MaDecember 12, 2025
22 hours ago
placeholder alt text
Economy
For the first time since Trump’s tariff rollout, import tax revenue has fallen, threatening his lofty plans to slash the $38 trillion national debt
By Sasha RogelbergDecember 12, 2025
1 day ago
placeholder alt text
Success
Apple CEO Tim Cook out-earns the average American’s salary in just 7 hours—to put that into context, he could buy a new $439,000 home in just 2 days
By Emma BurleighDecember 12, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.