DENVER -- Marijuana is a $1.3 billion industry in Colorado, and the ensuing tax revenue is helping students pay for college.
Pueblo County is one area benefiting from an influx of marijuana tax money.
Now the county is doing something that’s a first in Colorado: distributing pot-funded scholarships to college students.
Every graduating high school student in Pueblo County will qualify for a scholarship funded by pot tax revenue that can be used at local colleges.
The Pueblo County commissioner’s office began accepting applications in February for the country’s first cannabis-funded college scholarship, CBS affiliate KKTV reports.
“Now money that’s used to fund drug cartels is now being used to fund college scholarships.”.
In the Denver metro area, the town of Edgewater gets 20 percent of its total sales tax from marijuana sales. »