Governor unveils plan for retail marijuana revenue

February 20, 2014
Photo: Marijuana bottles (file)
Governor John Hickenlooper is asking lawmakers to devote a large portion of marijuana tax revenue to keeping kids away from the drug. 

Governor John Hickenlooper is asking lawmakers to devote the lion’s share to keeping kids away from the drug.

In a letter to the legislative budget committee Wednesday, Hickenlooper outlined a spending plan that includes $45.5 million for programs to prevent teen drug use and $40 million for substance abuse treatment. The rest of the sales tax money will be divided between law enforcement, marijuana regulators and public health.

Last November, Colorado voters approved a 10 percent special sales tax on recreational marijuana, on top of the state's standard 2.9 percent tax rate. The measure also included a 15 percent excise tax on the drug, with the first $40 million that money going to fund school construction in the state.

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