As Canada prepares to legalize marijuana, cash-strapped governments at every level are eyeing the potential tax revenue recreational pot might generate.
The first cut of Colorado’s excise tax on wholesale recreational marijuana has been thrown into this fiscal year’s pool of cash grants for capital improvements at public schools.
Colorado’s marijuana experiment was designed to raise revenue for the state and its schools, but a state law may put some of the tax money directly into residents’ pockets, causing quite a headache for lawmakers.
Nearly two months since the historic start of recreational marijuana sales in Colorado, the state is getting its first glimpse at the resulting tax revenue.
Smoking marijuana on school property would land most high schoolers in the principal’s office, but Noah Kirkman is actually encouraged to head there and ingest the drug.