Tags: Colorado | marijuana | scholarship | tax

Higher Learning: Colorado County Mulls Scholarship Pot Tax

Wednesday, 26 August 2015 01:43 PM EDT

Talk about higher learning. A Colorado county is mulling whether to create what would be the world's first public college scholarship program funded with marijuana money.

Pueblo County is considering a 5 percent excise tax on marijuana growers, with half the proceeds designated to a scholarship fund that boosters say would be the first of its kind.

The southern Colorado county has more square footage of recreational marijuana growing than any other county in the state. Pueblo allows growing outside and in greenhouses, which is banned many other places.

The sponsor of the tax measure says it could produce a couple million dollars a year. Pueblo County high school graduates who stay in the county for college would get half the proceeds. The other half would go to county capital improvements.

The county commission votes on the tax next week.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Personal-Finance
A Colorado county is mulling whether to create what would be the world's first public college scholarship program funded with marijuana money.
Colorado, marijuana, scholarship, tax
140
2015-43-26
Wednesday, 26 August 2015 01:43 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved