Tuesday, Jul 17 2018 | Updated at 09:13 PM EDT

Stay Connected With Us F T R

Feb 15, 2017 08:27 PM EST

Pueblo County Commissioners have announced that they are going to be the very first community in the world to provide a cannabis-funded scholarship to graduating high school students and that they are now accepting applications for its first full year of funding.

It was Monday when the Board of Pueblo County Commissioners approved the contract between Pueblo County and the Pueblo Hispanic Education Foundation to administer the scholarship, The Gazette reported. Every graduating high school student who resides in Pueblo County and is planning to Pueblo Community College or Colorado State University-Pueblo $1,000 worth of scholarship.

In order to be awarded of the scholarship, students will be required to fill out a form. They can also apply online at www.phef.netEven in the previous years, around 300 to 400 high school graduates have attended a local Pueblo college, according to KKTV 11 News. It has been on the forefront of the cannabis policy not only in the US but even in the world.

Watch video

They are the first ever community to be providing this scholarship funded by cannabis to every graduating high school student because they aim to make college affordable for their youth. And that is how they provide long-term economic opportunity in their community. So while many kids are not able to afford college, their program will be utilizing cannabis-tax revenue to provide these students an opportunity for a brighter future.

The Pueblo County Scholarship fund was created by a ballot initiative in the Coordinated Election in 2015 and the money allocated for this program were collected from the 50 percent of all the marijuana excise tax. Excise tax refers to the tax on all marijuana grown in this community and is being charged to the cultivator only once, when the marijuana is sold to a store. The remaining revenue then goes to community enhancement projects.

 

See Now: Facebook will use AI to detect users with suicidal thoughts and prevent suicide

Follows cannabis-funded, marijuana-funded, scholarship, application
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Controlling Robots With Brainwaves And Hand Gestures

Jun 23, 2018 AM EDTWhat if you can control robots with a simple flick of a finger? A team of experts is trying to make that a reality through this latest experiment.

Flavored Electronic Cigarettes Linked To Possible Cardiovascular Disease

Jun 16, 2018 AM EDTScientists from the Boston University School of Medicine looked into the effects of flavored e-cigarettes to the lining of blood vessels. Here are ...

LendingTree Study: Which Places Have the Most Student Debt?

May 31, 2018 AM EDTLendingTree outs its study that identifies places in the United States with the most student debt. Here's the complete list.

Best College Reviews Names 10 Best Master's in Biomedical Engineering Programs Online

May 31, 2018 AM EDTPlanning to pursue a master's degree in Biomedical Engineering? Here are some of the best online programs you need to consider.