Tax Revenue Goes Towards Education

In states where marijuana has been legalized, marijuana tax revenue is often channeled toward education in the form of funds.  Although, most states have allocated tax revenue from cannabis to education, Colorado has taken this to the next level.  In Colorado tax revenue collected from the sales of cannabis is deposited into two different funds, the Building Excellent Schools Today Fund (BEST), and the Marijuana tax revenue cash fund.  The BEST fund is to be used to renew or replace deteriorating public schools and has been approved to receive the first $40 million in excise tax revenue from cannabis.    In 20-21 the BEST funds were awarded to 36 projects with a total construction cost of $234,957,051.  Watch Harry and Blake as they chat about cannabis taxes.