Tag: State Public School Fund

By Shaina Cole | Contributing Writer, Rocky Mountain Voice For years the story about Colorado's marijuana taxes and its schools ran in one direction. Sales climbed, revenue climbed, and a share of it went to a fund that helps districts repair aging buildings. When sales started falling, the natural assumption followed. Less marijuana money, less for schools. That assumption is incomplete, and the reason is buried in how the money is structured. The marijuana excise tax that flows to school construction has dropped to about the level the state constitution singles out for protection.  The first $40 million collected each year is reserved for construction before anything else can touch it. Marijuana collections are now close to that line, which means the protected piece ...