Researchers found that legalizing marijuana had a positive impact on the economy of Pueblo County, Colo. In a landmark report out of the Colorado State University-Pueblo’s Institute of Cannabis Research, researchers found that a taxed and regulated cannabis industry contributed more than $58 million to the local economy, reports The Denver Post.

While there was about $23 million in added costs to legalization – including law enforcement and social services – the county still ended up with a net positive impact of more than $35 million.

Pueblo has made headlines for its scholarships that are funded by a local marijuana excise tax. Last year, the county dedicated $420,000 to scholarships for 210 students. This year, the county is set to triple the number of scholarships it offers as tax collections are expected to top $750,000, reports KOAA.

Legalizing marijuana on the federal level could result in an additional $105.6 billion between 2017 and 2025, according to a new report from the cannabis analytics firm New Frontier. That figure includes projections for business tax revenues, payroll withholdings, and a 15% sales tax. Meanwhile, fully legalizing cannabis today would add 654,000 jobs and up to 1 million jobs by 2025.

It’s clear that marijuana legalization can be a boon to local economies with robust regulatory regimes in place.