Anyone who has paid any attention to discussions about marijuana legalization knows that tax revenues are one of the biggest arguments made by those who support the idea. So far, Colorado has become one of the biggest examples of what weed taxes can do for a state. This year, hundreds of students will receive college scholarships thanks to marijuana taxes.
Pueblo County Pot Taxes
This is the third year that Pueblo County, Colorado has used cannabis taxes to fund student scholarships. According to local news sources, 600 students in the county will receive scholarships this year.
Each of these students will receive their scholarship money from the Pueblo County Scholarship Fund. The public resource gets the huge majority of its funds from cannabis taxes in the county.
The Pueblo Chieftain reported that this year’s Pueblo County Scholarship Fund received around $700,000 from weed taxes. It got another $113,981 from the Colorado Opportunity Scholarship Initiative.
To receive one of the county’s scholarships, students must graduate from a high school in Pueblo County. Additionally, they must also attend either Pueblo Community College or Colorado State University-Pueblo.
In addition to funding scholarships for 600 new college students, the Pueblo County Scholarship Fund continues funding students who have already received scholarships and who are still in college.
The weed-funded scholarships were able to fund significantly more students this year than previous years. Over the last two years, the county was able to award between 300 and 400 students. This year, the number climbed to as many as 600.
The increase in the number of scholarships is the result of a similar spike in the amount of cannabis taxes the county generated.
“This year, we are