Henderson schools to get share of loan from recreational pot license fees

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L.E. Baskow Various cannabis items are on screen at The Source dispensary in Henderson, Thursday, Oct. 20, 2016.

Tuesday, Nov. 7, 2017|10 p.m.

Public schools in Henderson will get monetary increases totaling about $300,000 next year from loan raised by city company license charges for leisure marijuana, thanks to a Tuesday vote by the Henderson City Board.

Council members voted 4-0 in favor of a resolution to take 30 percent of business license charges from the city’s five dispensaries and more than a dozen growing, production and screening centers that market recreational marijuana items. Such costs equal about 3 percent of pot companies’ gross income and are forecasted to generate a total of $1 million to the city in 2018.

“Now and in the future those funds will be used for education, which I think is vital,” Councilman Dan Shaw said prior to the unanimous vote. “It’ll benefit our youth and it’ll benefit our trainees.”

City representative David Cherry said the funds will focus on improving technology, expanding after-school tutoring and maintaining buildings throughout Henderson’s 35 public schools, including kindergarten to 12th grade. The funds will also be packaged for a select number of scholarships for trainees registering at the city’s two public college schools, CSN Henderson and Nevada State College.

City authorities, pointing out a financial analysis by Jeremy Aguero of Applied Analysis, task leisure weed organisation license income to triple by 2019 as the cannabis market broadens and state law allows for regional municipalities to open more recreational pot licenses to the public. With $3 million anticipated in 2019, $900,000 will go to public schools per the step approved on Tuesday.

Henderson Mayor Debra March was not in presence Tuesday and did not vote.

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