Marijuana Tax Money Targeted for Colorado’s Full-Day Kindergarten Rollout

Colorado lawmakers have hit on a funding source to help struggling school districts cover up to $25 million in startup costs as they expand full-day kindergarten this fall: marijuana taxes.

The money is expected to aid districts in rural areas, as well as others short on cash. It would help buy new desks and furniture, fixtures for bathrooms and classrooms, and other equipment schools need as they expand their full-day kindergarten offerings. Continue reading “Marijuana Tax Money Targeted for Colorado’s Full-Day Kindergarten Rollout”

Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors

Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday. Continue reading “Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors”

$10 million in pot taxes aimed at solving teacher shortage woes

State education officials are compiling a list of ideas on how best to spend $10 million in marijuana tax proceeds aimed at reversing Colorado’s teacher shortages.

The $10 million was earmarked to take on the problems of hiring and retaining teachers in Colorado by Gov. John Hickenlooper in his proposed 2018-19 budget released earlier this month. Continue reading “$10 million in pot taxes aimed at solving teacher shortage woes”

Outdated, sagging Colorado schools get $300 million boost from pot sales, other taxes

There is sadness about the eventual destruction of this community’s school, parts of which were built 100 years ago. Many people in this town of 570, long past their teen years, still attend the annual homecoming dance in the school’s gym and reminisce about old flames and football championships. Continue reading “Outdated, sagging Colorado schools get $300 million boost from pot sales, other taxes”

Colorado students given $420,000 in marijuana tax-funded scholarships

Marijuana taxes paid the lion’s share of the new Pueblo County Scholarship Fund that on Tuesday awarded 210 students $2,000 each for the 2017-18 academic year.

But Pueblo County Commissioner Sal Pace said much of the credit is due to the southern Colorado sunshine that blasted those students at the scholarship award ceremony held on the steps of the county courthouse. Continue reading “Colorado students given $420,000 in marijuana tax-funded scholarships”

Oregon marijuana tax revenue is crushing original estimates

SALEM, Ore. — The marijuana business in Oregon is becoming a bonanza for the state. The Oregon Department of Revenue announced Tuesday it received $5.3 million in marijuana tax payments in January. The grand total of $65.4 million received in the year since Oregon started taxing pot sales is blowing… Continue reading “Oregon marijuana tax revenue is crushing original estimates”

Colorado sold $1.3 billion worth of marijuana in 2016

It’s a billion-dollar business — and then some.

In 2016, Colorado’s dispensaries bagged $1.3 billion in recreational and medical cannabis sales, based on Colorado Department of Revenue tax data released Thursday.

To put the state’s third year of regulated recreational marijuana sales in perspective, Year One totaled $699.2 million (combined with medical sales) and Year Two jumped up to $996.2 million. The trend should continue in Year Four, but beyond that? It’s a murkier proposition. Continue reading “Colorado sold $1.3 billion worth of marijuana in 2016”

Hand over the cash: Alaska collecting first marijuana tax payments from weed businesses

ANCHORAGE, Alaska — The state has begun receiving its first tax payments from marijuana businesses, one month after the start of legal pot sales in Alaska. Continue reading “Hand over the cash: Alaska collecting first marijuana tax payments from weed businesses”

This is how Alaska businesses will have to make marijuana tax payments to the state

With legal cannabis sales underway in Alaska, growers will soon be submitting their first marijuana tax payments to the state. For most businesses, that wouldn’t be a problem: They’d just cut a check. But some banks are leery about dealing with pot businesses since marijuana remains illegal at the federal level. Continue reading “This is how Alaska businesses will have to make marijuana tax payments to the state”

Answering 10 common California marijuana questions in the legal weed era

It’s been almost a week since Californians voted to legalize recreational marijuana, and we’ve received a steady flow of questions from readers asking everything from how Prop. 64 impacts medical marijuana rights to what will happen to prices when it’s legal to purchase. Continue reading “Answering 10 common California marijuana questions in the legal weed era”