Lawmakers Split On How To Spend Pot Revenue

The General

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Colorado's legal pot industry may be booming, but state lawmakers aren't sure how to spend the windfall. A legislative budget committee decided not to vote Monday on a $54 million plan from Democratic Gov. John Hickenlooper to spend marijuana revenues on education and outreach. The governor wants to spend recreational pot taxes to fund everything from increased drug-prevention outreach to a new study on marijuana use by pregnant women. But lawmakers from both parties fear uncertainty in the marijuana industry. The budget committee grilled an administration official about the pot-spending plan. Lawmakers said they are worried about volatility and yo-yo pot revenues. They are considering a bill to delay most marijuana spending a year. The governor's budget forecasters are more bullish on the pot industry than lawmakers.

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News Moderator - The General @ 420 MAGAZINE ®
Source: Koaa.com
Author: Associated Press
Contact: Contact Us
Website: Lawmakers Split on How to Spend Pot Revenue | KOAA.com |
 
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