Colorado County Votes to Fund College Scholarships with Marijuana Tax

Colorado County Votes to Fund College Scholarships with Marijuana Tax

DENVER, CO — Students attending college in a southern Colorado county will soon have a chance to tap into the state’s lucrative legal marijuana industry after voters approved a tax on local cannabis growing operations to fund scholarships for higher education.

Voters in Pueblo County approved by a 60 percent to 40 percent margin a measure that imposes a 5 percent excise tax on cultivators who supply Colorado’s medical and recreational marijuana industries, the county clerk’s office said on Wednesday.

Beginning in 2017, any high school…

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