“Where’s all that marijuana money?” Colorado’s pot dollars help schools, but maybe not as much as you think

A big part of the 2012 pitch to convince Colorado voters they should legalize recreational marijuana was that the tax money would fix their local schools.

Five years after the first sale occurred on Jan. 1, 2014, that tax money has translated into $160 million toward school construction statewide — roughly enough to build three high schools. Meanwhile, the state has actually collected nearly $700 million.

State of Marijuana

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