Marijuana taxes helping schools to build
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The subscription service is currently unavailable. Please try again later.Weren’t public schools supposed to benefit from taxes levied on marijuana sales? When and how will that happen?
As with most government-related questions, the answers are more complex than a yes or no. But several varieties of marijuana taxes are being collected, and schools are seeing some benefits. Those benefits are growing as the nascent industry expands and as more local governments open the doors to recreational marijuana outlets within their borders.
In fiscal year 2013-14, the state collected nearly $15 million in marijuana-related taxes and fees. The bulk of that money came from retail sales taxes and went into the state’s general fund, where it was mostly allocated to substance-abuse research, prevention and treatment.
In fiscal 2014-15, total marijuana tax revenue has already topped $61 million, but only a portion will be directed to the schools — some to construction, and some to health/wellness staffing.
BUILDING, RENOVATING SCHOOLS
The...
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