DENVER – Colorado will likely find out this week just how much tax money recreational pot has brought in.
The Department of Revenue is expected to release January sales tax figures on Monday. Including medical marijuana, the state stands to make at least $134 million from pot next fiscal year, according to Gov. Hickenlooper’s new budget.
What happens to much of that money remains an open question. Aside from $40 million or so set aside for school construction, lawmakers will have discretion on how the money is spent.
Hickenlooper has already come out in favor of spending a large chunk of the cash on youth anti-drug campaigns and other priorities, but this plan is just one of many.