We all know that marijuana is illegal mostly world-wide, but in Colorado Marijuana were legalized back in 2012. Developers Chris Elkins and Sean Sheridan deemed Trinidad as the perfect location to build their dream project.
Photo credit: Cannasos
Elkins expects the mini-mall to boost the local economy, and it seems as though many local residents agree.
Mechelle Duran, a Trinidad local who lives nearby the mini-mall location, said, āIām excited to see it open. We have a lot of pot stores already and there is a lot of benefits.ā
Mechelle Duran
Here is how Marijuana help people to get jobs, in a post of CNN last 2016 marijuana industry created 18,000 full time jobs and generated $2.39 billion industry in the state and that continuosly growing. Infact Marijuana in Colorado is one of the largest industries.
Colorado has three different taxes on recreational marijuana ā a standard 2.9% sales tax, a special 10% sales tax, and a 15% excise tax on wholesale transfers, which go towards schools. The state collected just over $6 million from the excise tax, bringing the yearly total to $49.7 million.
Originally posted in cannasos and cnn
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