Pot Power: Colorado Has The Lowest US Unemployment Rate


Colorado was one of the first states to legalize cannabis for recreational use and now has the lowest unemployment rate in the country.

Three years after starting the commercial sale of pot to the general public, the ‘highest‘ state in the U.S. has started reaping the benefits.

While the national unemployment rate dropped to 4.3 percent in May, the lowest since 2001, Colorado’s jobless rate is the nation’s lowest at 2.3 percent,CNBC reported Monday:

Colorado Gov. John Hickenlooper says his booming economy is the result of efforts to make the Centennial State more “pro-business.” He adds his state has “one of the lowest business income tax levels at just a little over 4.6 percent.”

“We worked very hard to reduce red tape, to try to attract young entrepreneurs.”

In an interview with CNBC’s “On The Money,” Hickenlooper said, “More than anything we wanted Colorado to think of itself as a place, not just for outdoor recreation, but a place to go and start a business. “

The governor says one of the growing industries in Colorado is clean energy. “We have over 2,000 companies that do either renewable energy or clean tech.”

While last week President Donald Trump announced the U.S. will leave the Paris climate accord, Hickenlooper called it “a serious mistake on several levels.”

“In the short term,” he tells CNBC, “more than 60, 000 employees” work in the clean energy sector in his state. “If that begins to contract or kind of be squelched, that’s obviously not good for Colorado.”

Globally, Hickenlooper says Trump’s decision ” leaves a vacuum.”

“We have always been the world leader in, not just business, but all kinds of issues. “

And with this move, he says other countries, “China, or India, or the European Union or others are going to fill in that leadership role. Our strongest allies are bitterly disappointed, and I think that will hurt our business over the long term. “

Pot Power

Since becoming the first state to legalize recreational marijuana in 2012, that industry has been growing like the plant itself.

That year, Hickenlooper was opposed to the measure, but it passed by a 55 percent to 45 percent vote.

Last year, the state took in $198.5 million in tax revenue from in-state marijuana sales of $1.3 billion. That’s up from $699.2 million in sales in 2014 and $996.2 million in 2015 sales.

Hickenlooper says it’s “too soon to know” if there’s a downside to drug legalization. “We don’t see more people doing more marijuana in Colorado after legalization. It’s through a regulated process now.”

“But we haven’t seen a big spike in teenage consumption, we haven’t seen a big spike in any consumption.”

He stressed the need to keep the size of the marijuana business in perspective.

“We have a $28 billion state budget overall, and $200 million is just a drop in the bucket there.”Colorado

Edmondo Burr

BA Economics/Statistics
Assistant Editor
  • Zoe

    Yeah Mr tinkle pooper it is so dissapointing that the President pulled out of an agreement Former President Obama was afraid to bring to the senate for ratification because he knew the American people as a whole didn’t want to pay for the pollution of other countries like China and India who are the planets biggest polluters and didn’t have to agree to reduce their pollution until 2030 on the backs of America. America contributed 2 billion dollars to the UN climate slush fund. India, China, and Canada contributed? Wait for it…..NOTHING. Our money that we work for doesn’t belong to the federal governmant and green energy is a unreliable scam. Where do all those green energy companies get their money? Taxpayers. The energy these wind and solar plants collect doesn’t provide very much electricity and it is very expensive. But I guess that is what the globalist want, charge higher prices for electricity so that only the rich can afford air conditioning and heat and everyone else can just suffer or die whichever the globalist pigs don’t care.

    • Pinco

      Fact check…America is the world’s largest polluter way ahead of China and India.
      As for the globalist. You may want to watch the Cosmic Disclosure series on Gaia.com before jumping to conclusions regards energy sources.
      You might very well change your mind after knowing we already have technology for free and clean energy above and beyond anything else that has so far been fed to us.

      • Zoe

        Nope! Climate change is a hoax. We have weather and always have. And alternative energy is to expensive and unreliable.

        • Mister Two

          Uh…climate and weather aren’t the same. Or….perhaps you think when traffic is heavy in your neighborhood then traffic must be heavy in Wyoming too.

          • Zoe

            And you believe in aliens because you saw them on tv right.

          • Mister Two

            Let’s take a brief timeout for a review. I edify you with the fact that climate and weather are not the same (totally correct), and you respond with a comment about aliens and TV. Hmm…yeah, that makes a lot of sense.

            But since you shifted the subject from climate to aliens let’s continue, shall we? Of course I believe in aliens both on TV and in everyday life…don’t you? One of my neighbors is a British citizen and my favorite restaurant has a French national as it’s head chef. Do you think the USA is the only country in the world? That’s pretty funny.

            BTW, I know you didn’t mean extraterrestrial beings (like space aliens) otherwise you would have said that, and you are obviously too intelligent to make such a stupid mistake. After all, you’re the person who thinks climate and weather are the same thing.

            Keep up the good work – you’re posts are quite amusing.

          • Zoe

            Today everyone is so high strung. I believe that climate change/Global warming is a hoax spread by people who want to make a fast buck by saying that man can impact the climate in a significant way as to harm the planet into non existence. I believe that those who are willing to persecute and prosecute people who don’t believe what they are pushing are proving the point. Climate change is a religious cult. and people who refuse to believe pay through the nose and are targeted by the cult with defamation and former AG Lynch is willing to put people in jail who will not fall in line with the cultists, just like Islam, either you believe what they teach or you will be punished. If you want to believe in climate change and aliens knock yourself out. Im going to bed.

            PS I was talking about space aliens and was joking with you.

          • Mister Two

            Speak for yourself – I’m totally mellow.

            Yep, it’s all a hoax starting decades ago. You see, a handful of really rich guys wanted to make money off of solar panels so they came up with a diabolical plan. The bribed over a million scientists in 80 countries to ALL say that climate change is real and that man contributes to it. It’s amazing what those rich guys did. They must have trillions of dollars to be able to pay off a million scientists – and they’re gonna have sell a lot of solar panels to make up that much money. And somehow not one of those million scientists has enough of a conscience to step-up and say it’s a hoax – truly amazing.

            Hey, why aren’t you being prosecuted for being a denier? And what exactly is the law you are referring to?

          • Zoe

            Go away.

          • Mister Two

            WooHoo – I converted another denier. Glad you could finally see how idiotic a hoax scenario really is. Now think about 9/11. Thousands of people know the “truth” but not one had a crisis of conscience and stepped-up. And somebody is still paying those thousands of people billions of dollars every year.

  • Fingal Carson

    Total nonsense. The performance of pot users is industry low. Dopers are valued for jobs where credulity and obedience is a must, because they are oblivious and barely motivated if at all. This is why pot users do best in high school and especially college. The system is designed for their lower level of intelligence and high level of compliance.

    Although I don’t do drugs, I’d rather destroy my nostrils than my lungs.

    You losers can turn into boring, lifeless hippies. Pot has the most pathetic, parasitic community the world has ever seen.

    • Mister Two

      You are too funny. You read “Your News Wire” and believe it. Most people see it as a humor/satire website, and all the rest (except you) see it as just another fake news site.