The streets of Edgewater, Colorado, aren’t paved in green, but the city’s mayor says they might as well be.
After an influx of tax revenue from five retail marijuana shops, the small community of 5,300 people just west of Denver repaved every street in town. But that’s just the start. Mayor Kris Teegardin estimates the city’s coffers will pull in $1.2 million this year, a combination of its own sales taxes on the drug’s sales, and redistributed money from state taxes. That amount makes up roughly a sixth of the city’s total annual budget.
It’s an extreme example of marijuana tax dollars at work, best seen in the city’s plans for a multi-million dollar civic center with a new police station, library and fitness center. Teegardin says marijuana tax revenue will pay for half.