Business Insider -
13 Jan 2016 04:41
AP Photo/Brennan Linsley College-bound students in Pueblo, Colorado will have access to almost $2 million in additional scholarship funds, thanks to marijuana. Sixty percent of voters in Pueblo approved a measure in November that added an additional five percent excise tax on Colorado’s marijuana suppliers, and each year 50 percent of the tax’s proceeds will be set aside for college scholarships. Starting in 2017, the pot tax will gradually phase in until it reaches 5 percent, about $3.5 m...
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