Colorado schools will benefit from millions of dollars in surplus marijuana tax revenues.

The money, which totals roughly $66-million, is available thanks to Proposition BB, which allows the state to keep surplus tax revenues from marijuana.

Around $2.9-million will go toward bullying prevention grants, which will be offered to approximately 50 schools by the Colorado Department of Education for the 2016-2017 fiscal year.

Schools will receive grants up to $40,000 per year for the bullying prevention initiatives, which will include specialized training and the foundation of bullying prevention committees that include teachers, staff and parents.

“It’s a lot of money,” Dr. Adam Collins, bullying prevention and education grant coordinator for the CDE, told ABC affiliate Denver7. “It’s a great opportunity for schools to apply and make sure the social and emotional wellness of their students is taken care of.”

A Colorado high school student says its money well spent.

"I think [bullying is] a huge problem,” said East High senior Isabel Dias-Bertch. “It's something that haunts you the rest of your life."

Colorado schools have until Oct. 21 to apply for the grant.

h/t TimeDenver Channel.

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