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The Success Of Colorado's Marijuana Tax Dollars forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Recreational marijuana sales had another record year in 2020, so it's not surprising that cash-strapped causes are looking at cannabis taxes as a way to raise revenues. Now a new ballot initiative proposed by a group of state legislators and public-education support groups calls for adding another 5 percent tax on marijuana sales to fund a learning-enrichment program that would provide tutoring and after-school education services for Colorado children. Supporters of the proposed Learning Enrichment and Academic Progress (LEAP) program want to see lower- and middle-income parents of Colorado school-aged kids to receive an annual stipend of around $1,500 per child for out-of-school learning services, including after-school programs, individual tutoring and specialized after-school learning classes. In its first year, an estimated $90 million of the proposed $150 million program would come from marijuana sales.
California regulators say cannabis billboards along interstate highways must come down SHARES GoogleTumblrPinterestLinkedinPocketDiggStumbleupon Published: Jan 22, 2021, 5:29 pm By Brooke Staggs Cannabis businesses can no longer advertise on billboards anywhere along a highway that crosses state borders, after a judge ruled in a favor of a central California dad who sued to block such ads. The ruling won’t impact stretches of in-state freeways populated with marijuana billboards, such as the 55 in Orange County or the 215 in the Inland Empire. But the Bureau of Cannabis Control said Thursday that billboard companies must immediately stop selling space to marijuana shops and start taking down existing ads near roadways that at any point cross state borders. This will mean no cannabis billboards near heavily used freeways such as Interstate 10 in the Inland Empire, the 5 freeway in Orange County, and Highway 101 in Los Angeles.
when colorado's voters passed amendment 64, a new industry was born in the state. recreational marijuana. the amendment allows each city or town's government to decide if it's open for business. denver said yes and hundreds of cannabis companies have sprouted up around the city. in less than a year, it surpassed amsterdam as the global capital of marijuana. colorado springs, the state's second largest city, said no. no recreational stores here. to buy pot, you have to travel out of town. this is also part of the new normal. >> my name is matt mormon. i'm the president of high country healing. i've grown up in colorado springs almost my whole life. went to high school here, all that other stuff. always loved colorado springs for what it is.
it is a little more of a conservative town than denver. they have banned recreational marijuana. voters actually voted for recreational marijuana here in colorado springs. over 5,000 people voted for, more than against. but the city didn't recognize the vote. they basically decided to govern the people instead of the people governing themselves. >> amendment 64 was passed on a statewide basis and never intended as a local referendum. voters in colorado springs were in favor of the measure by roughly 5,000 votes. nonetheless, the city council has chosen to opt out of recreational sales. >> colorado springs is basically a large military installation town. very conservative town, a lot of our economy is built on military. so their fear is the military bases are going to get up and go away from colorado springs. we're currently in the process of basically trying to either put the ballot measure on the ballot ourselves or hoping they're going to say this is
our future is so bright. >> tonight is a night of celebrating perseverance. it's going to be probably a pretty long but exciting night. >> super cool. >> thank you everyone for being here this evening. >> we're going to cut the ribbon on a sfa sillty that is unique. potentially to the world. i'd like to call scott mckinley to say a few words. >> let me chase the elephant out of the room. that is that the governor initially opposed amendment 64. put yourself in his position. being the first state to do something that the federal government says is illegal. i think what tripp has accomplished here, is a testament to the fact that we can bring legitimate business people into this industry. the more that the future of colorado's recreational model looks like what you see here tonight, better somebody in my
>> amendment 64 was passed on a statewide basis and never intended as a local referendum. voters in colorado springs were in favor of the measure by roughly 5,000 votes. nonetheless, the city council has chosen to opt out of recreational sales. >> colorado springs is basically a large military installation town. very conservative town, a lot of our economy is built on military. so their fear is the military bases are going to get up and go away from colorado springs. we're currently in the process of basically trying to either put the ballot measure on the ballot ourselves or hoping they're going to say this is going to be good for our city and we are going to legalize this and tax it. when i entered the cannabis industry in colorado springs, when we started looking at warehouse space, there was warehouse space everywhere. any and everywhere you looked, there was vacant buildings, there was nobody in here. now you can barely find a warehouse that's actually
in less than a year, it surpassed amsterdam as the global capital of marijuana. colorado springs, the state's second largest city, said no. no recreational stores here. to buy pot, you have to travel out of town. this is also part of the new normal. >> my name is matt mormon. i'm the president of high country healing. i've grown up in colorado springs almost my whole life. went to high school here, all that other stuff. always loved colorado springs for what it is. it is a little more of a conservative town than denver. they have banned recreational marijuana. voters actually voted for recreational marijuana here in colorado springs. over 5,000 people voted for, more than against. but the city didn't recognize the vote. they basically decided to govern the people instead of the people governing themselves. >> amendment 64 was passed on a
>> amendment 64 was passed on a statewide basis and never intended as a local referendum. voters in colorado springs were in favor of the measure by roughly 5,000 votes. nonetheless, the city council has chosen to opt out of recreational sales. >> colorado springs is basically a large military installation town. very conservative town, a lot of our economy is built on military. so their fear is the military bases are going to get up and go away from colorado springs. we're currently in the process of basically trying to either put the ballot measure on the ballot ourselves or hoping they're going to say this is going to be good for our city and we are going to legalize this and tax it. when i entered the cannabis industry in colorado springs, when we started looking at warehouse space, there was warehouse space everywhere. any and everywhere you looked, there was vacant buildings, there was nobody in here. now you can barely find a warehouse that's actually available at this point.