Since legalization, Colorado's retail marijuana sector has grown strongly and is pouring more money than ever into the state's public services. Here's how it's spent.
Colorado's state revenue from its booming marijuana industry has surpassed $1 billion, official data shows—and that money is going towards vital public services.for adults wishing to consume the drug recreationally, becoming the first of several states to do so after a public vote two years earlier. It already permitted marijuana consumption for medical purposes.
The state also highlighted how that revenue is being distributed. Some is going directly to a public school construction fund and local authorities within the state. But the bulk of the revenue is going into the state's Marijuana Tax Cash Fund. A further $21.6 million that year went to local affairs, the bulk of which went on affordable housing construction. Another $20.4 million was appropriated for school health professionals, early literacy and preventing school bullying and student dropouts.
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