Quantcast

Marijuana funded scholarships expected to triple in Pueblo - KOAA.com | Continuous News | Colorado Springs and Pueblo

Marijuana funded scholarships expected to triple in Pueblo

Posted: Updated:
PUEBLO COUNTY -

Taxes collected from Pueblo County's marijuana growers will send a record number of students to college next year The scholarship program is the brainchild of Pueblo County Commissioner Sal Pace who said he wanted to create a subsidized scholarship program ever since his days the state legislature more than six years ago.

"If we wanted to turn around the economy, I felt that we had to provide an opportunity for education to everybody," Pace said.

Marijuana legalization in 2012 and the passage of a local marijuana excise tax for commercial growers in 2015 created the revenue stream to make that scholarship dream a reality.

The Pueblo Hispanic Education Foundation administers the scholarships which are funded by 50 percent of the revenue collected under the excise tax levied on commercial cannabis growers.

During its inaugural year in 2016, the Foundation awarded 23 scholarships. Some 210 students receive $2,000 awards last year for a total payout of $420,000. 

Pace said this year's tax collections are on track to top $750,000, enough money to triple the number of awards.

"The cannabis cultivation industry continues to grow in Pueblo and the excise tax amount has increased incrementally by one percent each year," Pace explained.  "So, were up to three percent this year."

Historically, between 300 and 400 incoming freshmen students enrolling at Pueblo Community College and Colorado State University Pueblo have come from Pueblo high schools. Pace said the extra revenue this cycle will enable the County and the PHEF to increase awards based on merit and need.

"What if you're a returning, non-traditional student or you want to attend a great institute outside of Pueblo that doesn't have this same degree that you hope to receive, then you might be able to qualify for one of these merit or need scholarships."

The County also plans to establish a first ever Pueblo Scholar Award for a high-performing student who would likely earn a higher amount.

The scholarship application window closed March first. The total number of scholarships awarded this summer and their final amount will be determined by the availability of funding as well as the financial need of the students who are applying.

WEATHER
Drive the Doppler
  • Most Popular StoriesMost Popular StoriesMore>>

  • Business owners, residents react to baseball stadium coming to Pueblo

    Business owners, residents react to baseball stadium coming to Pueblo

    Thursday, June 21 2018 12:38 AM EDT2018-06-21 04:38:08 GMT

    The face of downtown Pueblo could change as we know it.  On Wednesday, the Orem Owlz announced they'd become the Pueblo Owlz come 2020. The new team is bringing a new stadium, three new hotels, and 400 new jobs.  For some Puebloans, the announcement is an exciting one with people hoping that the stadium will be great for family outings and the economy. For others though, this new business means they may have to say goodbye to their own.  Gene Ragulsky said,...

    The face of downtown Pueblo could change as we know it.  On Wednesday, the Orem Owlz announced they'd become the Pueblo Owlz come 2020. The new team is bringing a new stadium, three new hotels, and 400 new jobs.  For some Puebloans, the announcement is an exciting one with people hoping that the stadium will be great for family outings and the economy. For others though, this new business means they may have to say goodbye to their own.  Gene Ragulsky said,...

  • El Paso County Sheriff's deputies looking for missing woman

    El Paso County Sheriff's deputies looking for missing woman

    Wednesday, June 20 2018 9:46 PM EDT2018-06-21 01:46:14 GMT

    El Paso County Sheriff's deputies are looking for an at-risk woman who's been missing since early May. 

    El Paso County Sheriff's deputies are looking for an at-risk woman who's been missing since early May. 

  • Fountain Police Department raising money for auto glass repairs

    Fountain Police Department raising money for auto glass repairs

    Wednesday, June 20 2018 9:32 PM EDT2018-06-21 01:32:29 GMT

    Fountain Police Department is collaborating with multiple businesses and churches across the city to collect money for low-income families so they no longer have to drive a car with glass damage just because they can't afford repairs.

    Fountain Police Department is collaborating with multiple businesses and churches across the city to collect money for low-income families so they no longer have to drive a car with glass damage just because they can't afford repairs.

Powered by Frankly

© KOAA.com 2018, KOAA.com
A CORDILLERA COMMUNICATIONS Station
All rights reserved
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?