Remember the bipartisan promises made when legalization of recreational marijuana was the political issue of the season? It shouldn't be too hard to remember, since Amendment 64 was approved by the voters of Colorado in November 2012. Indeed, we should remember the top promise — that 95 percent of the sales tax revenue would be used to benefit public education in Colorado.
A recent year-long study conducted by the Fort Collins Coloradoan, in a series written by writer Kelly Ragan, irrefutably discloses that the campaign promise of 95 percent is unmet. Ragan's year-long series is entitled "Sacrificing Our Schools."
As it turns out, Colorado schools receive closer to 5 percent, rather than 95 percent, of the sales tax revenue created by recreational marijuana sales. A small percentage of the marijuana sales tax funds has been placed in a fund called Building Excellent Schools Today, or BEST. In fact, $40 million a year is committed to BEST.
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