Jul 152015
 July 15, 2015

colorado schools marijuanaI went to public schools my entire childhood, from pre-school through 12th grade. If there is one thing that I know about public schools, it’s that they never, ever have enough money. Growing up, I constantly heard about budget cuts, would see my teachers spending their own money on supplies for the students, and I’d see programs getting cut because there simply wasn’t enough funding. I don’t think there’s a public school in America that couldn’t use more money. And that is a big reason why marijuana legalization is so important.

The taxes from recreational marijuana sales in the states that legally have them help fund schools. In Colorado, where the industry is currently the biggest, marijuana tax revenues have helped out quite a bit since the beginning of 2014. The revenues keep growing, with almost no end in sight, so much so that the 2015 revenues have already surpassed the entire 2014 year totals. Per The Cannabist:

The Colorado Department of Revenue’s just-released marijuana tax data for May 2015 shows one clear winner: schools.

In the first five months of 2015, the state’s pot-funded excise tax that collects money earmarked for school construction capital brought in more money than it did in all of 2014. While that specific school tax’s 2015 take may not reach the $40 million number used to lure voters toward the state’s pot-legalizing Amendment 64 in 2012, its recent growth is exciting to lawmakers and industry alike.

“It sounds very encouraging,” said state senator Pat Steadman, D-Denver. “Voters wanted the school capital construction program to benefit, and despite some bumps in the road at the beginning, it looks like what was intended is coming to fruition.”

Remember when Kevin Sabet said that for every tax dollar generated, there would be ten dollars in social costs if/when Colorado legalized? How is that math working out for you right now Mr. Sabet? Because I don’t see any downside to what is going on right now. I wish my local schools had tens of millions of dollars to work with, basically created out of thin air. I know I ask this a lot but, why isn’t every state doing this? I can’t wait to see Oregon schools benefiting from legalization where I live in the not-so-distant future.

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  9 Responses to “The 2015 Colorado Marijuana Tax Revenues For Schools Has Already Passed The 2014 Totals”

  1.  

    Inspiring update from TWB! Regarding that end question, “I know I ask this a lot but, why isn’t every state doing this?”: Because the Anti-Marihuana Tyranny still wields enormous power, especially over most of the states east of the magnificent Rocky Mountains. I live in perhaps the most repressive anti-cannabis states of all, the Empire State, where Gov. Nelson Rockefeller’s (and President Richard Nixon’s and Ronald Reagan’s) insane male-domination mentality over the female cannabis flower still reigns supreme among politicians. These mother f#%@ers have NO business telling New Yorkers what they can grow on their own private property, let alone sending in teams of law enforcement officials to “seize” horribly demonized PLANTS. You folks in Oregon, Colorado, Washington and California are living a dream, where politicians actually display some common sense. We may not see such tolerance in New York–and many other states–until the 22nd century. It’s pure tyranny here, I tell you.

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      Don’t worry. You could have lived in Singapore or Saudi Arabia. Or Sweden. Oh-oh. This is not going to end well. Good luck with your “tyranny”.

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        The majority want cannabis legalized in states like New York, and it is undeniably far safer than the alcohol, tobacco and prescription opiates that are already legal, so on 2 counts, tyranny is the correct word for it.

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      Good comments Goodwin! I totally agree.

  2.  

    Just like casinos in the next few years these huge tax profits won’t be in the news or revealed where the money is going. It starts out great then the politicians see the money and start sending it elsewhere to benefit themselves.
    Iowa schools and police forces got well taken care of for a few years then suddenly the money was cut way back yet the casinos reported more income.
    I can only hope there is massive resistance to any attempt to reallocate these funds.

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      Lol blowing your life savings gambling is not the same as spending 200-250 a month for some grade a nug.

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        Put the pipe down, you don’t understand my statement what so ever.
        The comparison is the taxes Smokey.

        I’m praying for you.

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          yes… the reason the gambling taxes are worthless is at the destruction of the persons (very poor people who never win because no one ever wins) who “play” are a cost to society…much like my smoking cigs are. THOSE taxes mean nothing but getting a few derp dollars out of people because we are a “sin” based morality economy when it comes to how we tax things……… but yea i get what you mean. Florida here has raped the lotto tax for so many other ear marked things I agree that it has not helped our education system

          here is an idea to help our education system… stop sending mommy and daddy to jail, stop kicking out students from every type of school be it college to elementary school for pot. banning someone from an education is what IS happening right now over and over and over again…EVERY DAY. So before we talk about how my smoking pot tax, which doesn’t lead to cancer or being in crushing debt (* compared to the other sin taxes… is there a prostitution sin tax on the John in Nevada? no idea personally but yea, cancer, debt and possibly aides if that last sin tax is real) will or will not be used, pray for the real issue to be resolved. Our freedom. and pray we don’t have to take it back with force.

  3.  

    What is not mentioned is the provision for anti-cannabis propaganda in Colorado schools, that will take a large chunk of tax revenue. So-called drug counselors are to subject students to drug aversion education. Ridiculous!One of Hickenlooper’s nefarious stipulations.

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