Loveland High School students walk across school grounds on Sept. 11, 2014. (Brennan Linsley, Associated Press file)

How are Colorado schools benefiting from recreational marijuana?

Let’s talk about the impact of pot taxes on Colorado schools for a moment.

Colorado’s voter-approved recreational pot taxes include a 15 percent excise tax on wholesale marijuana that is set aside for school construction capital.

This year, there has been a significant increase in monthly revenue for schools. To compare: in 2014, the excise tax generated $13.3 million total; through five months of sales in 2015, $13.6 million has been amassed. Two factors that have contributed to the increase are more marijuana stores in the state and a one-time tax-exempt transfer that many shops used in 2014 before recreational sales started.

On a recent episode of The Cannabist Show, Denver Post marijuana editor Ricardo Baca and state Sen. Pat Steadman (D, SD-31) discuss how schools can expect to see some of the Colorado pot tax money. Will it be in one lump sum to build a new school, or spread out among many school districts?

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