COLORADO- According to the Board of Pueblo County Commissioners, beginning in 2017, anyone in the county with a high school diploma will be able to apply for this scholarship.
Students will be able to advance their academic careers at either Colorado State University-Pueblo or Pueblo Community College, due to the tax measure passed by voters at a 60/40 percent margin.
The 5% excise tax will be phased in within the next five years, and half of the annual tax revenue from marijuana sales will go directly into a scholarship account.
County Commissioner, Sal Pace, had this to say about the progress made:
“It’s due time that we make college affordable for everyone in our community.”
This is believed to be the first program like this in the nation, and a wonderful step in progressing towards ending marijuana prohibition by first attacking the stigma related to recreational marijuana use.
Paris Carmichael, a County Spokesperson, said this about the historical measure:
“There are some scholarships that come out of the legal marijuana industry but our preliminary research showed that this is the first to come from tax revenue.”
Pueblo County estimates that by the year 2020, the scholarship fund will reach $5 Million.
Raw Story reported:
“The remaining receipts from the tax will go toward medical marijuana research, road and hiking trail upgrades, refurbishing a historic courthouse and other public improvement projects.”
This is the right move for Colorado, and hopefully for the entire country very soon.
If the rest of the states aren’t careful, 2020 could also see Colorado as the most educated state in the nation.
We have come so far from the Reefer Madness days, and yet we still have so far to go.
As of right now, only 4 states and D.C. have abolished the ban on marijuana for recreational use, and over two dozen states allow marijuana for medical use only.
Hats off to Colorado!
Watch the CNBC documentary on Colorado’s marijuana pot rush below:
Source: Raw Story