By Barry Bard on April 25th, 2017 at 8:29 am
The Colorado cannabis industry’s tax dollars have already been directed toward the state’s public school system and homeless population. Now, higher education has become the latest recipient of Colorado’s cannabis capital.
In Pueblo County (Southern Colorado), any graduating high school senior that will attend either Pueblo Community College or Colorado State University-Pueblo is eligible to apply for “the country’s first cannabis-funded college scholarship.” The scholarship’s first full year of funding will provide up to $475,000 gathered from Pueblo’s cannabis tax and give each qualifying student “roughly a $1,000 scholarship.”
The Pueblo County Scholarship fund began accepting applicants in February. Given that 300-400 graduating students typically attend these institutions of higher learning, the scholarship fund will distribute any leftover funds “based on merit and need.”
Applications for the scholarship are due on April 30, 2017. According to a press release from the scholarship program, Pueblo County’s offering is the first of its kind:
We are the first community in the world to provide a cannabis-funded scholarship to every graduating high school senior. It is so critically important to make college affordable for our youth if we want to provide long-term economic opportunity to our community. Too many kids can’t afford to go to college, with this program we are taking cannabis-tax revenue and using it to provide a brighter future in Pueblo.
The fund, created by a 2015 ballot initiative, utilizes at least half of Pueblo County’s cannabis tax dollars; the rest is utilized for “community enhancement projects.”