10 Pot revenue vs. high expectations.

• Position: STATELINE - Brief article

It's easy to imagine that by going green--as in, legalizing marijuana--a state could be rolling in green--as in cash. But a new report suggests that cannabis is no budgetary cure-all. The nonpartisan Colorado Fiscal Institute points out that the state expects to receive about $100 million in pot tax revenue this year. The first $40 million is, by law, earmarked for schools, though it can't be used for teachers or classroom instruction. Instead, it's used to fund grants to...