ALEX GHEIT
Washington, DC (USA)
Role(s):
Founder/Owner/Principal
UP TO 250 thousand for every $50
Find More Startups
Startup
Location:
DENVER
Industry:
Other
Year Founded:
2014
Number Employees:
10-50 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
$1.53 billion: The amount the national legal marijuana market is worth, according to a Nov. 2013 report from ArcView Market Research, a San Francisco-based investor group focused on the marijuana industry.
$10.2 billion: The estimated amount the national legal marijuana market will be worth in five years, according to that same ArcView report.
$6.17 million: The amount of tax revenue collected in Colorado on legal marijuana sales in just the first two months of 2014.
$98 million: The total tax revenue that Colorado could reap in the fiscal year that begins in July, according to a recent budget proposal from Gov. John Hickenlooper.
An employee of The Clinic, a Denver-based dispensary, sells a bag of marijuana and a THC-infused soda. (AP Photo/Brennan Linsley)
$40 million: The amount of marijuana tax revenue Colorado is devoting to public school construction.
7,500-10,000: The estimated number of marijuana industry jobs that currently exist in Colorado, according to Michael Elliott, the Executive Director of the Marijuana Industry Group, a trade association that advocates for responsible marijuana regulation.
$190 million: The amount in taxes and fees legal marijuana is projected to raise for the state of Washington over four years starting in mid-2015, according to the Economic and Revenue Forecast Council, an independent agency that advises the state government on the budget and tax revenue.
Employee David Marlow, right, helps a customer at Medicine Man marijuana retail store in Denver. (AP Photo/Brennan Linsley)
$105 million: The estimated annual sales tax revenue generated by medical marijuana dispensaries in California, according to the Marijuana Policy Project, a Washington, D.C.-based group that supports legalization.
$142.19 million: The estimated size of the medical marijuana market in Arizona in 2014, according to the ArcView Market Research report, up from $35.37 million last year. Arizona has a record 80 medical pot dispensaries currently open, with more expected to open this year, according to (URL removed).
$36 million: The amount of estimated tax revenue Maine would earn every year if it legalized and regulated marijuana, according to a 2013 estimate from the Marijuana Policy Project. Portland, Maine's largest city, voted to legalize weed in November, and a grassroots campaign to get state legalization on the ballot in 2016 is underway.
An employee at a Colorado grow house waters pot plants. (AP Photo/Brennan Linsley)
$21.5 to $82 million: The amount of estimated tax revenue Rhode Island would earn every year if it legalized and regulated marijuana, according to an April 9 reportfrom the non-profit organization Open Doors. Rhode Island legislators are considering a bill this session that would tax and regulate marijuana like alcohol.
$134.6 million: The amount of estimated tax revenue Maryland would earn every year if it legalized and regulated marijuana, according to a 2014 estimate from the Maryland Department of Legislative Services. Maryland Gov. Martin O'Malley signed a law legalizing medical marijuana on April 14, and state lawmakers are considering a bill this session to legalize weed for recreational purposes, too.
$17.4 billion: The estimated total amount that marijuana prohibition costs state and federal governments every year, according to a 2010 study by Harvard University economist Jeffrey Miron.