Colorado Marijuana Revenue Funds Bullying Prevention

By New Frontier Analysts

October is National Bullying Prevention Month. A nationwide campaign that was founded ten years ago by PACER’s Bullying Prevention Center.

According to the National Center for Educational Statistics, one out of every four students reports being bullied during the school year for their looks, body shape, race, and other factors. However, one of the challenges is that bullying often goes unreported.

Efforts to reduce bullying in recent years have been successful. States and local school administrations are able to reduce bullying through special programs and encouraging peer intervention, and providing greater school support and community awareness.

In an effort to be more successful at combating bullying, Colorado is taking revenue from marijuana taxes and applying them to their bully prevention programs.

Under a grant that was established in 2011, the Colorado Department of Education will offer up to $40,000 per school year to fund anti-bullying programs.

What is interesting is that the grant lacked funding until marijuana legalization generated sufficient tax revenues to fund it. In fact, revenue from marijuana taxation is expected to be $66 million. Approximately $2.9 million will go towards the grant program.

Opportunity for the grant will go to about 50 Colorado schools.

Schools have until October 21st to apply for the grant.

Grant winners are to be announce on December 30, 2016.

New Frontier Analysts

Our data scientists drill deep with rigorous analytics to provide insight into key trends and market opportunities. We track the state of cannabis and its regulation in all major legal markets.

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