Few Public Schools See Any Green From Colorado's Pot Tax
It turns out Colorado's excise tax on marijuana, which was touted as a way to bring more money to the state's schools, isn't contributing much.By Leah Becerra | September 21, 2015
Last year, taxes collected from marijuana sales in Colorado led to $13.3 million for schools. But not too many actually saw any green.
Especially when compared to this year's huge haul from only January to May, which brought in $13.6 million. Some believe this year's total could reach more than $30 million, but even that money won't be evenly distributed. (Video via KHON)
That's because if the state collects $40 million or less from an excise tax, all that money has to be dispersed through the Building Excellent Schools Today, or BEST, grant program.