i_cocommmarijuana_2016a_2016-07-20t14:32:10z2 Hearing Summary
Marijuana Tax Revenue and Distributions
COST-BENEFIT ANALYSIS OF LEGALIZED MARIJUANA IN COLORADO
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02:49 PM -- Marijuana Tax Revenue and Distributions
Larson Silbaugh, Legislative Council Staff, presented information about marijuana tax revenue and distributions. Committee members received an Issue Brief addressing this issue (Attachment B).
In response to committee questions, Mr. Silbaugh discussed distributions to the Building Excellent Schools Today (BEST) program. Committee discussion ensued regarding education funding from marijuana tax revenues.
Mr. Silbaugh discussed with committee members the sales taxes on marijuana, and the use of the marijuana tax cash fund.