Lackluster economics vs. blazing revenues 

click to enlarge Students' message on "The Fence" at Carnegie Mellon. - COURTESY OF ELSTON VIA FLICKR CREATIVE COMMONS
  • Students' message on "The Fence" at Carnegie Mellon.
  • Courtesy of elston via Flickr Creative Commons

Lawmakers last week found enough common ground to move a bill out of conference committee that would enable hemp production in Indiana - pending federal approval. State officials also learned last week that state revenues continue to lag projections. State general fund revenues totaled $8.7 billion in the first eight months of the fiscal year, which is $89.5 million below the target issued last December. Perhaps it is time to look West. Colorado, which declined to wait for federal approval to fire up its cannabis industry, is now rolling in dough. During, January, the state's first month of recreational pot sales, the state earned about $2 million in associated taxes and fees on retail weed products, plus another $1.4 million in taxes and fees on medical marijuana. That's a total of $3,519,756 for the month. How pro business is Indiana again?

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