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Home 🌿 Marijuana Politics 🌿 Colorado’s pot tax for schools sets record in May, crushes 2014 totals 🌿Colorado’s pot tax for schools sets record in May, crushes 2014 totals
While marijuana taxes earmarked for schools soared in May, recreational pot sales in Colorado plateaued in spring 2015
The Colorado Department of Revenue’s just-released marijuana tax data for May 2015 shows one clear winner: schools.
In the first five months of 2015, the state’s pot-funded excise tax that collects money earmarked for school construction capital brought in more money than it did in all of 2014. While that specific school tax’s 2015 take may not reach the $40 million number used to lure voters toward the state’s pot-legalizing Amendment 64 in 2012, its recent growth is exciting to lawmakers and industry alike.
“It sounds very encouraging,” said state senator Pat Steadman, D-Denver. “Voters wanted the school capital construction program to benefit, and despite some bumps in the road at the beginning, it looks like what was intended is coming to fruition.”
There are three types of state taxes on recreational...
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