Legal marijuana in Colorado has already generated more than $15 million in tax revenue that is specifically earmarked for public schools, according to the latest data from the state’s Department of Education.

Since Jan. 1, 2014, when the state’s first retail marijuana shops opened, $15.6 million has been generated for the Building Excellent Schools Today (BEST) grant program, said Scott Newell, director of the office of capital construction for the state’s Education Department. The marijuana funds for schools were generated via a special voter-approved 15 percent excise tax on marijuana sales.

Click here to read the entire article on Huffington Post.


Leave a Reply

Your email address will not be published. Required fields are marked *

About Canna Magazine

This is the "wpengine" admin user that our staff uses to gain access to your admin area to provide support and troubleshooting. It can only be accessed by a button in our secure log that auto generates a password and dumps that password after the staff member has logged in. We have taken extreme measures to ensure that our own user is not going to be misused to harm any of our clients sites.

Category

News

Tags

, , , ,