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Colorado votes to pass Preposition BB

English: Great Seal of the State of Colorado
English: Great Seal of the State of Colorado (Photo credit: Wikipedia)

Tuesday Coloradoans voted to determine what to do with extra tax revenues obtained by the new legal weed market. According to ABC News, 66 percent of Colorado agreed to pass Preposition BB.

Preposition BB allows the state to keep and spend these extra funds, rather than dispersing them to Colorado residents in the form of a refund. The money will be allocated to fund school projects.

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The vote came about after millions of dollars in extra revenue were made from the marijuana market. The state needed to determine what to do with these funds, and Colorado law requires that the community make the choice.

If you are interested, the full Colorado election results can be found here. To learn more about Colorado’s new tax revenue law, check out the full story.

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