Legal Marijuana Revenue Enables Higher Education

Discussion in 'Current Events' started by mmcbride, Jan 25, 2018.

  1. mmcbride

    mmcbride Administrator Staff Member

    1.25.2018
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    As states legalize recreational marijuana, they are filling their coffers with millions of dollars that would otherwise be headed to the black market. Allocated for the good of society, this new tax revenue is providing critical funding for expanding educational opportunities and creating drug diversion programs.

    • From 2015 to 2017, Colorado’s recreational marijuana tax revenue has generated $230 million for the Colorado Department of Education.
    • Since legalization began in Oregon, the state has distributed $34 million to its school fund.
    • Nevada’s state school fund is projected to harvest approximately $56 million over the next two years based on their 15 percent wholesale marijuana tax.
    • Washington state allocates 25 percent of their collected marijuana tax revenue to substance abuse treatment and 55 percent to fund basic health plans.
    • Alaska is projected to collect approximately $12 million annually from the recreational marijuana program, funds which will help finance community centers and drug treatment programs.
    • California and Massachusetts will invest a share of their marijuana tax revenue in the communities most adversely impacted by drug arrests and incarcerations historically, particularly low-income communities of color, to help repair the harms of discriminatory law enforcement.

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