Yes, the state that this week became the first ever in the U.S. to make weed legal for recreational use also implemented what you could all a Rocky Mountain high finance scheme. As the Financial Times reported, lawmakers imposed nearly 28 percent in taxes on sales of the sweet smelling stuff that makes you laugh like a kookaburra and eat like a linebacker.
The newly legit drug is thus expected to raise $67 million for the public coffers this year alone, and to net more than that as business buds.
Where will the money go? According to CNN, nearly half of it, or $27.5 million, will help build schools.
Welcome to Educational Funding 2.0: Weeding, writing and arithmetic. Step aside Dick, Jane and Sally (if you haven't already) and make way for your replacement characters in the reading books: Dick, Mary Jane and Silly!
Photo is from Jonathan Piccolo/Macwiz via Flickr
More reefer revenue:
This post was originally published on Smartplanet.com