{"id":435,"date":"2016-01-18T01:27:27","date_gmt":"2016-01-18T01:27:27","guid":{"rendered":"https:\/\/www.dispensaries.com\/blog\/?p=435"},"modified":"2017-09-06T09:53:42","modified_gmt":"2017-09-06T16:53:42","slug":"marijuana-sales-fund-higher-education","status":"publish","type":"post","link":"https:\/\/www.dispensaries.com\/blog\/marijuana-sales-fund-higher-education\/","title":{"rendered":"Marijuana Sales to Fund Higher Education"},"content":{"rendered":"<p>Weed and higher education. \u00a0Goes together like&#8230; peanut butter and&#8230; Ok, maybe not. \u00a0But maybe they will. \u00a0Soon.<\/p>\n<h2>Scholarships &amp; Higher Education<\/h2>\n<p>The legalization of marijuana has created scholarship opportunities for the students of Pueblo, Colorado. \u00a0The addition of a 5% excise tax on the suppliers of marijuana in the state have made this possible. Each year, 50% of this tax will be set aside for the higher education scholarships.<\/p>\n<p>The plan is slated to come into effect in 2017 and the <a href=\"http:\/\/money.cnn.com\/2017\/07\/19\/news\/colorado-marijuana-tax-revenue\/index.html\" target=\"_blank\" rel=\"noopener\">tax on marijuana<\/a> will progressively increase until it reaches the 5% mark. \u00a0By 2020, the expected totals of the tax are estimated to be $3.5 million.<\/p>\n<h3><strong>Cannabis Controversy<\/strong><\/h3>\n<p>Journalists call\u00a0it a contradiction. Schools fighting to decrease cannabis use while harnessing pot sales to underwrite higher education. Overall, the consensus is supportive of <a href=\"https:\/\/www.dispensaries.com\/blog\/tax-revenue-from-marijuana-sales\/\">pot tax<\/a> for college. Taylor West, Deputy Director at the National Cannabis Industry Association, on the business end of marijuana, insists that suppliers are enthusiastic that they can contribute to the &#8220;overall economic community.&#8221;<\/p>\n<p>For the city of Pueblo, 22% of the state&#8217;s pot is produced in the county, with 3% contributing to sales. The people supporting this bill are residents as well as growers and legislators. Approval ratings were at 60%. \u00a0Sounds like a pretty sweet deal, doesn&#8217;t it?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pot users buying marijuana are contributing to higher education. Pot sales tax is directly impacting scholarships, educational programs &#038; much more.<\/p>\n","protected":false},"author":8,"featured_media":2016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[78,77,91,83,67],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marijuana Sales to Fund Higher Education | Pot Sales Tax<\/title>\n<meta name=\"description\" content=\"Pot users buying marijuana are contributing to higher education. 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