Spending of Colorado pot taxes up for review at the capitol Wednesday

DENVER - Colorado doesn't know how much money it's going to get from marijuana taxes, but that doesn't mean it's too soon to argue about spending it.

Colorado's Joint Budget Committee plans to meet with lawyers Wednesday to talk about pot taxes. Recreational marijuana sales began in January, when Colorado earned about $2 million from taxes from the new industry.

Lawmakers want to know what their options are for spending the money. Voters who approved the pot taxes designated that the first $40 million go to school construction. If there is any remaining money, lawmakers will decide how to spend it.

Budget-writers will talk about Colorado's constitutional spending constraints and what they mean for spending the pot taxes.

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