Wednesday, March 18, 2015

Marijuana Sales give $15 Million Legal Tax Money to Public Schools

US States has been working to remove criminal aspects of marijuana laws from constitution. If that is not possible then bring down its drug category from I to Schedule-II. The bold aspect of all these campaigns is to bring the drug sales under taxation. Colorado's education department has published figures that marijuana tax $15 million is received for construction of schools.


State of Colorado has allowed retailing of marijuana in year 2013. First retail point was opened on 1st January, 2014. In one year, it has given tax of $15.6 million. This tax money is given to BEST grant program. BEST stands for Building Excellent Schools Today. It's director has confirmed that funds are received.

State officials are quiet happy on positive response from public and bring drug money under tax. Previously all drugs were sold underground or in black market. Their money rotates through various channels and nothing comes to state. The worst aspect of it was that black money gives birth to certain crimes that takes society under its money.

BEST program director said that tax money from marijuana sales added ten times the fund. The last highest funding was $195,318 and now it turns to $2 million in only one year.

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