Pueblo County, Colorado, introduced that $2.three million raised from a hashish excise tax will go to funding scholarships for native college students. Nearly all 729 candidates are anticipated to obtain some quantity of funding for school. Officials say that is the most important scholarship disbursement in county historical past, in response to The Pueblo Chieftain.
Pueblo authorities instituted this system in 2015, after voters handed an initiative for the primary 50 p.c of hashish excise tax income to be directed towards scholarships. Traditionally, Pueblo’s unemployment rate tends to be greater than different elements of Colorado. So, this sort of program is large for native youth in the realm.
Janelle Quick, director of the Pueblo Hispanic Education Foundation (PHEF), advised the press the brand new scholarships differ from $1,200 to $2,000. The quantity of funding that goes to a scholar is set by a scholar’s grade level common, essay scores, group service, and their contribution by the federal scholar mortgage program generally often called FAFSA. In this system’s preliminary yr, scholarships have been restricted to $250. PHEF will reportedly obtain $678,000 from this system to disburse on to college students on behalf of the county.
“It’s exciting to be kind of on the forefront for giving away scholarship dollars,” Quick stated. “Every year, it’s increased in the amount”
Pueblo County Commissioner Garrison Ortiz stated escalating scholarship funds has at all times been one of many program’s targets. He additionally famous, “This is tremendously impactful for local students who receive this award.”
The new scholarships will go towards the upcoming fall and spring semesters. Recipients can reportedly use the funds at any accredited institute of upper studying. As of proper now, Pueblo is just one of two counties in the state that allocates hashish taxes for native functions.
Similarly, this previous April, Veriheal, a Denver-based cannabis-tech firm, stated it could provide $10,000 in scholarships to college students who have been in getting into the hashish trade. The firm stated 10 college students would obtain $1,000 every.
Considering how financially harmful 2020 has been to thousands and thousands of Americans, $1,200-$2,000 is likely to be precisely sufficient to cowl one semester of courses, books, and provides. That amount of money goes a great distance for school college students, no matter the way it’s utilized. This sort of program ought to in all probability be carried out in different authorized areas, too. Where are all of the weed taxes in each state even going?