World’s First Marijuana-Funded Scholarship Approved in Colorado

By Associated Press

coloDENVER — A Colorado county that boasts the world’s largest outdoor marijuana farm and has been actively courting the new pot industry has approved the world’s first marijuana-funded college scholarship.

Pueblo County voters approved the pot tax by a 20-point margin Tuesday. The 5 percent excise tax on marijuana growers is expected to raise about $3.5 million a year by 2020, with the money available for any high school senior in the county who attends one of two public colleges in the county.

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