DENVER (AP) – After months of uncertainty about marijuana and its tax potential, Colorado lawmakers start work Tuesday deciding how to spend pot taxes.
Voters have already decided to spend the first $40 million on school construction, but anything beyond that is up to lawmakers to appropriate.
Estimates vary widely on how much tax money Colorado will receive from recreational marijuana sales, which just started in January. But legislators should have at least $25 million to spend, with the likely winners to be youth drug-prevention programs and efforts to reduce stoned driving.
The legislative Joint Budget Committee meets Tuesday to review a proposal from the governor on spending the money. The governor has said the top priority should be reducing any negative impacts from legalization on children.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
More Marijuana Legalization Stories
- Other States Legalizing Recreational Pot Could Benefit Colorado
- Gallup: Record High 60 Percent Of Americans Back Legal Pot
- Business Owners Replace Idealists In Pot Legalization Movement
- Gourmet Ganja? Marijuana Dining Is Growing Up, Slowly
- State Attorney General: Colorado Pot ‘Permeates’ Kansas
- Libertarian Nominee Johnson: Marijuana ‘Has Something To Do With Denver Vibrancy’
- Denver Police Running Out Of Space For Confiscated Marijuana