Pueblo County receiving the benefits of retail pot
Updated On: Jan 11 2014 07:41:39 PM CST
The recreational marijuana rush is alive and thriving.
People are coming from all over the world to get their hands on the legalized product.
The new marijuana laws have been in effect for 11 days, and one pot shop has made more than a $100,000.
Marisol Therapeutics’ parking lot is packed, their lines are full and tourists have been coming from all over to get their pot.
The pot shop has had their hands full since the beginning of the year, but they’re getting use to having more customers.
“We’ve added a few registers so that everything can go a lot quicker,” said Chris Jones, who works at Marisol Therapeutics.
Since marijuana shops, like Marisol, have been attracting more customers, it has been helping surrounding businesses.
The Dew Drop Inn restaurant in Pueblo West has had more customers come into their restaurant since retail marijuana was legalized.
Restaurant manager Barb Satterfield said January is the Dew Drop Inn’s slow month, but since the restaurant is next to a pot shop, that hasn’t been the case.
“We have definitely seen an increase in revenue this month,” Satterfield said.
That is something Pueblo County can relate to.
Pueblo County Commissioner Sal Pace said he thinks the county has received more than $20,000 in tax revenue because of retail pot.
Pace said the funds will go toward improving roads, public safety and the county’s infrastructure.
The county commissioner feels the sale of retail marijuana has been smooth.
“We’ve put more time and effort into our regulations than any other community in the state. We built a regulatory environment,” Pace said.
He said there have been sting and undercover operations at retail pot stores since the beginning of the year. Pace said there hasn’t been any foul play.
Jones said, when it comes to the sale of retail pot, Marisol Therapeutics is in it for the long haul.
“We still have plenty of product and we are not looking to run out anytime soon. We have our own kitchen so we are making our own edibles,” Jones said.
Recreational marijuana in Pueblo County is taxed at 17.4 percent. There's a 1 percent county tax, 2.9 percent state tax, 10 percent state marijuana tax and 3.5 percent local marijuana tax. Of the 10 percent tax collected by the state, 1.5 percent returns to the county. Pueblo County collects a total of 6 percent in taxes.
Copyright 2014 KRDO. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.