Colorado State-Pueblo, along with Pueblo Community College, are the two institutions that students may attend using the new marijuana scholarships. Image via csupueblo.edu

DENVER — A Colorado county that boasts the world's largest outdoor marijuana farm and has been actively courting the new pot industry has approved the world's first marijuana-funded college scholarship.

 Pueblo County voters approved the pot tax by a 20-point margin Tuesday. The 5 percent excise tax on marijuana growers is expected to raise about $3.5 million a year by 2020, with the money available for any high school senior in the county who attends one of two public colleges in the county.

The scholarship awards will depend on how many students apply, but county planners are projecting about 400 students a year will get scholarships of about $1,000 each per year.

Click here to read the complete article

Kristen Wyatt ~ The Associated Press ~

Recent News Articles

Friday June 21

Congress Votes To Block Feds From Enforcing Marijuana Laws In Legal States - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

The House of Representatives approved a far-reaching measure on Thursday to prevent the Department of…

283 hits

Friday June 21

57% of Arthritis Patients Have Tried Cannabis. 90% Found It Helped - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

A new survey of more than 1,000 arthritis patients found that 57% of those questioned…

412 hits

Friday June 21

New York state decriminalizes marijuana after legalization fails - Cannabis News

in Law & Crime

by Bruce Kennedy - Editor in Chief

Efforts to legalize marijuana in New York state have failed, so lawmakers did the next…

335 hits

Friday June 21

Report: How Legal Cannabis Affects U.S. Snacking Industry - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

Shifting cannabis laws present new opportunities for food and beverage markets.

359 hits

Monday June 24

Could CBD Fight Superbugs? Marijuana Compound Shows Promise As an Antibiotic - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

The quest for new antibiotics has led researchers to a surprising candidate: the marijuana compound…

256 hits