Colorado Becomes The First To Offer Pot-Funded Scholarships

The Colorado marijuana industry is worth $1.3 billion. In its efforts to make college more affordable to students, Pueblo County will become the first community in the world to offer scholarships funded by Colorado’s marijuana tax revenue. Funding for the scholarship program’s first year will provide up to $475,000, which will provide each qualifying student with roughly a $1,000 scholarship. This fund was created by a 2015 ballot initiative, and uses about half of the county’s marijuana tax dollars, as the rest goes to “community enhancement projects.” Every student in Pueblo Country can apply for the scholarship until April 30th.

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When marijuana edibles hit Canadian cannabis dispensary shelves later this year, you can expect them to be taxed based on how strong they are. Canada's recently released federal 2020 budget proposes to tax marijuana edibles based on the amount of THC they contain. THC is one of the active ingredients in cannabis and the one most associated with producing the plant's signature high.

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