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Colorado Voters Will Decide Whether to Increase Cannabis Sales Tax to Help Low-Income Students | Cannabis Business Times

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Colorado Voters Will Decide Whether to Increase Cannabis Sales Tax to Help Low-Income Students

If approved, Proposition 119 would raise the sales tax rate on adult-use cannabis from 15% to 20% to fund a $150 million effort to provide tutoring aid.

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On Nov. 2, Colorado voters will decide whether to increase the state’s cannabis sales tax to fund a program that would provide out-of-school learning opportunities to low-income students.

If approved, Proposition 119, Learning Enrichment and Academic Progress (LEAP), would raise the sales tax rate on adult-use cannabis from 15% to 20% to fund a $150 million effort to provide tutoring aid, according to Colorado Newsline.

“This first-in-the-nation initiative to help close the opportunity gap, which has only grown during the pandemic, is uniting Coloradans regardless of their political leanings or where they live,” former Colorado Gov. Bill Owens told the news outlet. “That’s because they understand the futures of so many of our young people—who are our future employees, employers and community leaders—are on the line."

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