With Colorado recently being one of few states that view marijuana as legal there is news of a local scholarship fund for county high school students in Pueblo County funded solely by marijuana. Pueblo County is the leading and largest marijuana farm in Colorado.
With the Pueblo County voters approving the pot tax of 5% they should be able to raise #3.5 million a year just from growing and selling marijuana by 2020.The scholarship amount depends on how many students apply for the scholarship. The are predicting about 400 students apply having each scholarship be worth $1000 each year.
This is the world’s first scholarship funded entirely by pot taxes. Brian Vicente is an attorney in Denver and said, “this is the first time you have marijuana tax money being used directly for scholarships, and that’s pretty remarkable.”