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Colorado Votes to OK Spending of Marijuana Tax Money

Colorado voters overwhelmingly approved a statewide ballot measure Tuesday that gives state lawmakers permission, once again, to spend $66.1 million in taxes collected from the sale of recreational marijuana.

The outcome came as no surprise given its bipartisan backing, and early election returns showed Proposition BB receiving about 65 percent support, well above the majority-vote threshold, according to county returns.

The Secretary of State website incorrectly reported the first returns — getting the results backwards, officials confirmed.

The measure sends the first $40 million to school construction and $12 million designated for youth and substance abuse programs. The remaining $14.1 million goes to discretionary accounts controlled by lawmakers.

The ballot question was the third time in four years that voters considered how to spend pot taxes, after approving Amendment 64 in 2012 to legalize marijuana and Proposition AA in 2013 to levy sales and excises taxes. In both prior ballot questions, voters sanctioned sending $40 million toward school construction. [Read more at The Denver Post]

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