Colorado is using $3 million from marijuana tax to provide food and housing for the homeless

Since that decision was made nearly four years ago, the state of Colorado has seen an increase year on year in tax revenue gained from cannabis sales. In the most recent financial year, ending in June 2016, the state made nearly $70 million. Revenue gained through taxation was one of the key arguments for legalizing weed. Now that this argument has been clearly validated many taxpayers have been wondering what the state will do with the additional money.

The answer in one city is almost as revolutionary as the passing of the law itself. Aurora, the third largest city in Colorado, will be using over a third of the $4.5 million gained through the ‘weed tax’ to support local not-for-profit homeless organizations.

Colorado is using $3 million from marijuana tax to provide food and housing for the homeless