Colorado asks voters to reshuffle spending of new pot taxes

DENVER (AP) — The only statewide ballot question in Colorado next week seems like a no-brainer: Should the state keep $66 million in marijuana taxes it has already collected to spend on schools and drug-abuse prevention?

The measure arose from an accounting error two years ago, when the taxes were first approved. And it has broad support, from Democrats, Republicans, the marijuana industry and nearly every newspaper in the state.

But the fine print of Proposition BB goes beyond allowing the government to keep the money it already collected. It rearranges the spending plan to give money to some new recipients, including the 4-H Club and Future Farmers of America — youth groups that never sought the handout and aren't keen on being associated with pot.

Lawmakers insist the marijuana money will be spent as voters generally intended when they approved a 10 percent sales tax and 15...

Rate this article: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.