Tax money from marijuana sales helping students pay for college in Colorado

Marijuana is a $1.3 billion industry in Colorado, and the ensuing tax revenue is helping students pay for college.

Pueblo County is one area benefiting from an influx of marijuana tax money. Now the county is doing something that’s a first in Colorado: distributing pot-funded scholarships to college students.

“I don’t think without this scholarship I could continue my education without taking out loans and worrying about how to pay it back,” Colorado State University freshman Janet Calzadillas told CBS Denver.

Every graduating high school student in Pueblo County will qualify for a scholarship funded by pot tax revenue that can be used at local colleges.

The Pueblo County commissioner’s office began accepting applications in February for the country’s first cannabis-funded college scholarship, CBS affiliate KKTV reports.

Read More: CBS News