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A drop in marijuana tax revenue is impacting the budgets of local homeless NGOs. Why? No one seems to know, but NGOs that expand fight homelessness are panicking about it.
Maybe people are buying less weed generally.
Maybe people are buying via a black market.
Maybe people growing their marijuana.
From ABC Denver7:
Marijuana revenue contributes, in part, to service for the unhoused in Aurora. As marijuana dollars dwindle, nonprofits have experienced a cut in funding they've typically received from the city.
"It's a $90,000 decrease from last year," Karmen Carter, Gateway Domestic Violence Services executive director, told Denver7 at the beginning of 2024.
As Aurora plans for 2025, the trend continues.
It's unreported what is causing the decline in marijuana tax revenues, but revenues are down nonetheless. Possibility: Local leaders have so overtaxed the market, people are remembering that they have choices, and opting out of Colorado's criminally high taxes.
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