Yesterday Governor Hickenlooper announced the upcoming Colorado state budget, which includes a $30.5 million rebate for Colorado taxpayers, all due to new marijuana taxes. Did you hear that, Colorado? Not only do you get to use, possess, and buy recreational cannabis at your convenience, but now you’re getting paid back for it.
The total state marijuana revenue was actually higher than predicted in the election blue book for 2013’s Proposition AA, which means the state must refund the money or ask the voters again to keep it. Hickenlooper will be allowing Congress to smooth out the details of the actual rebate when the time comes.
So, let’s get this straight: not only is the Marijuana Tax Cash Fund going directly to taxpayers, but it’s actually higher than they expected? Awesome!
Another $33.6 million from the Marijuana Tax Cash Fund will go towards enforcement and oversight of the marijuana industry, including required reserves, promoting public health and public safety, regulations, law enforcement, and the prevention of youth marijuana use.
We applaud you, Colorado! You’re giving back to the community in the best way possible – with sweet, sweet, cash.
