Nope, not some ~~promised land~~ magic income and never was. And decreasing as weed tourism decreases (as other states legalize).
They've also gone through many consolidation phases where many mom n pop shops have been gathered up by the chains, and quality has dropped as well. Some report a while back was put out that the vendors aren't matching what is on the label and product is weaker than claimed.
It's run its course.
Don't start that old tired TABOR argument.
In Colorado, citizens get to vote when the state tries to increase taxes.
Colorado's congress always drafts bills with language like, "we want to fix school roofs, and also give superintendents Bentleys, and we can increase this percentage whenever we want."
The bills that don't have the nonsense scams, voters pass, as it turns out Colorado voters are intelligent.
One of the State congress' recent gambits, was to fund a firearms safety training program with money from Colorado Parks and Wildlife. Why this route? Because they'd have to ask voters to approve the money needed, and rather than do that, they decided to poach vehicle registration revenue from the state parks department, just to pass a rushed bill in a year when America is on the brink of no longer existing.
Time and again, they haven't shown voters they can be trusted, why would voters let them do whatever they want?
The CO budget deficit right now is more nuanced at any rate. State planned to do certain things, Federal toilet decided to change the rules of the game halfway through the year. Federal congress of traitors and Mango Mussolini are the real cause of the financial issues right now, across the entire United States.