Higher Learning: Southern Colorado county mulls scholarship marijuana tax

By Kristen Wyatt, Associated Press Updated: August 26, 2015 at 8:34 am • Published: August 26, 2015 0

 

DENVER — Talk about higher learning. A Colorado county may create 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 a year. The proceeds would be divided among Pueblo County high school graduates who stay in the county for college. Currently that's about 400 students.

The county commission votes on the tax next week.

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