• With the voters’ adoption of the use of RECREATIONAL marijuana, K-12 education receives a portion of recreational (a.k.a. retail) marijuana tax revenues in three forms:
  • $40 million of the 15% Excise Tax on retail marijuana is dedicated to the BEST program to help with school construction costs.   (Need to quantify this amount as a rough percent of need.)
  • Any remaining amount of the 15% Excise Tax on retail marijuana is dedicated to the K-12 “Public School Fund”.
  • 12.59% of the State’s 90% share of the 15% Sales Tax on retail marijuana is dedicated to the K-12 “Public School Fund”.   This amounted to about $30 million in 2017-18.

 

 

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