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Pueblo Countys Marijuana Excise Tax Is A Tax On All Marijuana Grown In Pueblo County.

accepting applications for nation’s first pot-funded scholarships Posted: Feb 13, 2017 02:38 PM MST Updated: Feb 13, 2017 06:22 PM MST World’s first pot-funded scholarships… PUEBLO COUNTY, Colo. – Students in Pueblo County hoping to enroll in college this fall and want help paying for it can now apply for a scholarship that was funded by cannabis excise tax revenue. On Monday, the Board of Pueblo County Commissioners approved a contract between Pueblo County and the Pueblo Hispanic Education Foundation (PHEF) to administer the scholarship. The Pueblo County Scholarship is anticipated to have nearly $475,000 in funding available for college freshmen enrolling in the Fall semester; an anticipated $425,00 from cannabis excise tax revenue and another $49,664 from the Colorado Opportunity Scholarship Initiative. Students can apply at the same time for both funds on the same application form. Students who meet the following criteria will automatically qualify for colorado marijuana the cannabis-funded scholarship: The applicant must be a graduating high school senior in 2017 Live in Pueblo County Attend either Pueblo Community College or Colorado State University-Pueblo in the Fall of 2017 The deadline for applications is Sunday, April 30, 2017. Students can apply for the Pueblo County Scholarship online at www.phef.net . The Board of Pueblo County Commissioners expects around a $1,000 scholarship will be available to every qualifying graduating high school senior who resides in Pueblo County. However, students must fill out the application form to be awarded the scholarship. Pueblo Countys marijuana excise tax is a tax on all marijuana grown in Pueblo County. The tax is charged to the marijuana cultivator only oncewhen the marijuana is first sold or transferred to a retail store or manufacturer. Pueblo County has been collecting excise tax, by voter approval, since January 1, 2016. The excise tax rate is currently at two percent and will increase by one percent annually until a five percent excise tax rate is achieved.

To read more visit http://www.krdo.com/news/pueblo/pueblo-co-accepting-applications-for-nations-first-pot-funded-scholarships/332174785

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