• 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

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
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
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

gen z
CommentaryCareers
The entry-level job market is the worst it’s been in 37 years. Stop blaming Gen Z
By Janelle Jones and Nia LawMarch 21, 2026
32 minutes ago
A woman looks frustrated a computer
AIWomen
Women are avoiding the very technology that threatens them most, as expert warns of a ‘two-tiered AI economy’ approaching
By Jacqueline MunisMarch 21, 2026
49 minutes ago
AIFinance
Why Block’s COO is tracking ‘gross profit per employee’—and how AI is on track to double it to $2 million
By Sheryl EstradaMarch 21, 2026
1 hour ago
ILLUSTRATION - 17 February 2026, Bavaria, Munich: A beverage can with a soft drink and numerous sugar cubes lie on a table. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images)
EnergyIran
Iran war is making the world a little less sweet as oil soars at the worst possible time for sugar
By Eva RoytburgMarch 21, 2026
2 hours ago
home for sale
AIChatGPT
A man let ChatGPT sell his home. It beat every agent’s estimate by $100K—and closed in 5 days
By Jake AngeloMarch 21, 2026
2 hours ago
US President Donald Trump, left, and Marco Rubio, US secretary of state, speak to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Friday, March 20, 2026. US officials said the White House is sending more than 2,000 additional Marines to the Middle East as it weighs a plan to seize Iran's Kharg Island oil export hub, a ground operation that would carry huge risks for President Donald Trump.
EnergyIran
Three weeks into the Iran war that’s requested $200 billion, here’s what success for Trump might look like
By Jordan BlumMarch 21, 2026
3 hours ago

© 2026 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.