All posts by category
$15-Million In Marijuana Taxes Going To Colorado Schools

$15-Million In Marijuana Taxes Going To Colorado Schools

by March 19, 2015 0 comments

Beginning in January 2014, legalization in Colorado, has brought the state such significant amounts of tax revenue, it has created a new job market, and cut back on black market-based criminal activity. Marijuana, then, as a commodity and business, is undeniably a beneficial one. Especially considering that $15.6 of the tax dollars received across the state are going to a program called BEST (Building Excellent Schools Today). Which means, that marijuana, which used to be the scourge of highschool authoritarians, is now a good friend to the institutions.

Probably the only “friendly stranger” the school board will accept.

When marijuana legalization was being formulated, voters asked for a 15% tax excise to be directed at education. Other taxes have gone to different state-run institutions, including law enforcement and healthcare. This year will mark the first in which the revenue gained from pot sales will be used towards building better schools. In the month of January 2015, alone, marijuana taxes raised over $2-million for schools, which is 10 times what was generated in the previous January. Now, instead of the money from marijuana sales disappearing into the abyss of the black market, it can go towards something legitimate to build a better economy and a healthier future for the country. On top of preventing criminals from making a living off of marijuana sales, the government can now regulate the distribution and cultivation of the plant, and the money can be used to go towards any otherwise underfunded programs.

This trend will likely only grow further until the entire country follows suit. Who knows, soon after, the rest of the western world may follow; one can only hope to legally toke.

No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.

Only registered users can comment.