Cannabis Taxes Help Fund $5.7M In Grants for Colorado School District

Cannabis taxes have helped to fund $5.7 million in state grants to help pay for school improvements such as roof repair and other renovations in Colorado’s Thompson School District.

Colorado’s Thompson School District has received $5.7 million in state grants funded, in part, by cannabis taxes for improvements at schools throughout the district, according to the Loveland Reporter-Herald. The cannabis-derived funds will be added to $12.2 million in grant money from a 2018 voter-approved bond for the projects.

The Build Excellent Schools Today is a statewide competitive grant program funded by cannabis taxes, the Colorado Lottery, and the Colorado State Land Board. The district will use the funds to repair roofs at four schools, secure entryways at four schools, and conduct mechanical work at seven schools, the report says.