You are here
Home 🌿 Marijuana Politics 🌿 Colorado allowed to spend marijuana tax money, as voters reject refunds 🌿Colorado allowed to spend marijuana tax money, as voters reject refunds
Warning message
The subscription service is currently unavailable. Please try again later.TABOR requirement asks voters to decide whether the state gets to keep $66.1 million in taxes they already have approved
Colorado voters Tuesday overwhelmingly approved a statewide ballot measure that gives state lawmakers permission, once again, to spend $66.1 million in taxes collected from the sale of recreational marijuana.
The outcome came as no surprise given its bipartisan backing, and election returns as of 9:40 p.m. showed Proposition BB receiving about 69 percent support, well above the majority-vote threshold, according to returns from counties.
The secretary of state website incorrectly reported the first returns — getting the results backward, officials confirmed.
The measure sends the first $40 million to school construction and $12 million designated for youth and substance-abuse programs. The remaining $14.1 million goes to discretionary accounts controlled by lawmakers.
The ballot question was the third time in four years that voters considered how to spend pot...
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.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.