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Crime Falls 10%, Taxes Up Big after Colorado’s Legalization

Ryan Allway

June 4th, 2014

Policy, Top News

Crime in Denver has fallen by 10.6% since last year, despite the state’s legalization of recreational cannabis. At the same time, taxpayers have benefited from about $3.5 million in tax revenue from legal cannabis sales. These trends have continued as cannabis sales have risen over the past few months, signaling that the drug isn’t as harmful as many anti-cannabis protestors believed.

“All the naysayers who were against marijuana legalization are eating crow about now,” said Christina Sarich in an article that has gone viral on a pro-cannabis website. “Colorado’s weed sales just keep trending up, and with the sales of legal weed, they are improving their schools and reducing overall crime rates.”

After controlling for a host of known factors related to changes in crime rates, University of Texas Dallas researchers found no evidence of an increase in any crimes for states after legalizing marijuana for medical use. Some crime rates, including those for homicide and assault, actually decreased after the passing of the regulations, further supporting what has happened in Colorado.

“The findings on the relationship between violence and marijuana use are mixed and much of the evidence points toward reductions in violent behavior for those who smoke marijuana,” said Robert Morris, lead author of the study. “In fact, researchers have suggested that any increase in criminality resulting from marijuana use may be explained by its illegality, rather than the substance.”

[stockchart symbol=”GWPH”]

Cannabis is also gaining ground from a medical standpoint, with the benefits of CBDs being demonstrated in numerous clinical studies. GW Pharmaceuticals plc [stockquote symbol=”GWPH”] and other companies have been putting the Schedule I Controlled Substance through FDA clinical trials in order to demonstrate its efficacy in combatting serious medical conditions like childhood epilepsy.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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