Centennial State News

Voters in Colorado Springs are debating whether or not to legalize marijuana for recreational use. 

Those in favor of legalizing recreational marijuana stress the profit potential from new tax revenue, while skeptics voice concerns about the cost.

"In Denver what we saw is that none of those extreme predictions were achieved," Molly Duplechian, Denver Excise and Licenses executive director, according to Denver Gazette.

Her remarks came after Denver officials heard various predictions about the effects of legalization including a dramatic increase in use among young people.

In November, voters will weigh in on two separate recreational marijuana propositions. In the first, only the current 115 medical dispensaries would be allowed to switch to recreational sales, and in the second, a 5% special tax would be imposed on recreational marijuana sales. If the tax issue is approved, the funds will be used for initiatives related to public safety, veterans, and mental health.

Denver collected $72.4 million in marijuana sales last year from 440 medicinal and recreational marijuana stores. Since 2014, Denver's revenue has continuously increased. In addition, Denver spent nearly $9 million on marijuana regulation, enforcement, and education.

Local supporters of the referendum claim that the city has lost $150 million in potential tax income because citizens are purchasing recreational marijuana in neighboring areas such as Pueblo, Manitou Springs, and Denver.

With a similar population, Denver is a fair comparison for Colorado Springs. Even if the issues are answered, Colorado Springs' marijuana sector will likely be smaller because the city has regulated the number of marijuana retailers in town at 115. A license that is revoked for whatever reason cannot be reinstated.