THIS IS AN ARCHIVE OF LAKE TAHOE NEWS, WHICH WAS OPERATIONAL FROM 2009-2018. IT IS FREELY AVAILABLE FOR RESEARCH. THE WEBSITE IS NO LONGER UPDATED WITH NEW ARTICLES.

Will Nevada’s pot tax really benefit education?


image_pdfimage_print

By Amelia Pak-Harvey, Las Vegas Review-Journal

 A few years after Colorado legalized recreational marijuana in 2012, Denver Public Schools produced a public service video with a straightforward message: The education system wasn’t getting that much money from pot tax revenue.

It was a misconception that the district was trying to clear up. The first $40 million in excise taxes on the retail drug went to a school construction fund for the entire state; the rest landed in the state’s public school fund. Retail and medical sales taxes have also funded a few grants.

Will Colorado serve as a cautionary tale for Nevada as it grapples with how to tax recreational marijuana? Will that revenue even make a dent on education funding?

Read the whole story

image_pdfimage_print

About author

This article was written by admin