On 4/20, Colorado Boasts Record-breaking Surplus Tax Revenue Used for Education, Homelessness

the state government has harvested over half a billion dollars in tax revenue and fees since retail marijuana stores started opening in January 2014. The majority of that income was used to finance programs that would benefit “Colorado’s most vulnerable citizens”.

In 2017, Colorado Gov. John Hickenlooper signed a budget bill that legally instated the “Marijuana Tax Cash Fund”, which would finance school health programs; the creation of permanent housing for homeless and at-risk citizens; and treating individuals with substance abuse problems and mental health issues.

“We expect to reduce incarceration, hospitalization and homelessness for many of Colorado’s most vulnerable citizens,” says the bill.