Colorado's weed boom will fund schools and fight opioid addiction.

The legal weed business is booming in Colorado, and the state has finalized plans to spend its pot tax windfall on health programs in public schools, housing for at-risk populations, and a new treatment program to combat the opioid crisis.

Colorado Gov. John Hickenlooper on Friday signed a budget bill that dictates how money from the state’s “Marijuana Tax Cash Fund” will be spent.

Colorado netted more than $105 million from marijuana taxes for the 2016-17 fiscal year, with much of that money going toward schools, public health, and oversight of the industry, which remains illegal under federal law.

Click here to read the complete article

Keegan Hamilton ~ News.Vice.com ~

Recent News Articles

Friday April 26

Lawmakers Want Legal Protections For Universities That Research Marijuana - Cannabis News

in Law & Crime

by Bruce Kennedy - Editor in Chief

A bipartisan group of lawmakers on Capitol Hill is asking House leadership to protect universities…

1787 hits

Friday April 26

Hemp cultivation wins approval in Connecticut Senate - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

Connecticut farmers are one step closer to joining the burgeoning hemp industry after the Senate…

2475 hits

Friday April 26

Jobs in pot are at an all-time high, but the boom is causing rifts in…

in Finance

by Bruce Kennedy - Editor in Chief

Jobs in pot might be at an all-time high, according to a new report.

2160 hits

Friday April 26

How Marijuana Works To Help Those With Multiple Sclerosis - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

In double-blind, placebo controlled trials, MS patients who use cannabis oil, synthetic THC, or an…

2240 hits

Monday April 29

Maine’s marijuana dilemma: ‘Cannabiz’ poised to grow, but in a holding pattern - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

Maine has no legal market for recreational cannabis, more than two years after it became…

900 hits