Yavapai Community College to receive as its share at least $1.4M of 2021 excise tax — more to come every year | Will use money to expand Regional Economic Development Center Services
Arizona’s ten community college districts will receive over $31 million from the sale of recreational marijuana in 2021, which was its first year of sales. The millions are the result of the Proposition 207 voter initiative that legalized recreational marijuana and required Arizona to distribute about one-third of the excise tax receipts to community colleges.
According to a February 26, 2022, story in the Arizona Republic by Alison Steinbach, Yavapai Community College has decided to use the Proposition 207 money to help expand services at the College’s Regional Economic Development Center. Community College Spokesperson Tyler Rumsey confirmed how the money would be used and told the Republic that “The center helps promote economic development, workforce growth and regional collaboration.”
In the same story, the Arizona Republic said that Yavapai Community College will receive $1.4 million as its portion of the total excise tax money collected in 2021.
Under Prop 207 the funds can be used for workforce development, STEM and certain other education programs.