Cannabis Is Making Colorado So Much Money They Literally Have To Give Some Back To Residents

Source: www.reset.me | Original Post Date: January 30, 2015 –

Colorado is making so much money with cannabis sales that they literally have to give some of it back to residents. So proclaimed a recent AP story by Kristen Wyatt on the booming cannabis industry in the Rocky Mountain state.

The voter-approved law that made cannabis legal in the state was designed to put tax revenues towards schools and other state programs, but an existing state law may send some of the money directly back to residents.

As Wyatt describes it in her piece, the law is causing “quite a headache for lawmakers.”

Colorado’s state constitution sets a limit on how much tax money the state can take in before it has to give some back to the residents…