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Colorado Made So Much Money Off Of Weed, That They Have To Give Some Back

The state of Colorado has an interesting problem on their hands: the marijuana business has been too good. The state has accumulated more than enough taxes that they were meant to collect from their Coloradans. This conflicts with the state’s constitution, which states that there is a limit to how much tax money can be collected before it has to be given back.

Because of the Taxpayers’ Bill of Rights (1992), voters must sign off on all new taxes. The amendment also states that Colorado must pay back taxpayers when the state collects more than what is allowed. The state has refunded citizens over $3.3 billion because of this rule on six different occasions.

Now, taxpayers may have to vote on the issue for a third time; the first was in 2012 (after the legalization of marijuana) when Coloradans voted for a 15 percent excise tax on pot for schools and again for an additional 10 percent sales tax for lawmakers.

In rare (but refreshing) occasion, Democrats and Republicans agree that this is a difficult decision and are trying to find a way not to have to give the people millions of dollars back.

"I think it's appropriate that we keep the money for marijuana that the voters said that we should," said Republican Senate President Bill Cadman. However, citizens of the state are more torn than the politicians; some want their money back while others don’t mind paying the tax as long as the money is going to schools (which was the original plan for the money). The added tax money is being used for drug education classes and police training to identify stoned drivers.

However the Taxpayers’ Bill of Rights makes this difficult and the Centennial State may just have to roll out the dollars. There’s no definite numbers as of yet, but budget writers are saying the weed refunds can be about $30.5 million (or $7. 63) for every adult in the state. -- Cook T.P.

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21 Savage Unveils Free Online Financial Literacy Program For Young People

In continuing his efforts to help young people access financial literacy, 21 Savage announced  the launch of his Bank Account at Home Financial Literary Project on Wednesday (July 1). The campaign includes a partnership with Atlanta Mayor Keisha Bottoms to offer free Wi-Fi and tablets to those in need.

“I felt like it’s important more than ever to give our next generation the tools to succeed in life,” the rapper said in a statement to the Associated Press.

 

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I’m making financial literacy available to kids and families across the country this summer with #BankAccount At Home- a free online program to give you the tools you need to learn to save and make money. @chime @everfi @keishabottoms

A post shared by Saint Laurent Don (@21savage) on Jul 1, 2020 at 12:21pm PDT

21 Savage and his charity, Leading by Example, partnered with mobile banking service Chime, Juma Ventures and EverFi to “connect our youth with financial education and work opportunities to teach them how to manage and earn money.”

The Grammy winner launched the Bank Account Program in 2018.

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California, Arizona And More States Tighten Lockdown Restrictions As COVID-19 Cases Surge

Coronavirus cases are surging around the country with several states changing quarantine guidelines as 4th of July weekend approaches. The U.S. reached a grim milestone of more than 80,000 additional confirmed cases of COVID-19 since Tuesday (June 30).

In total, at least 2.7 million people in the U.S. have contracted COVID-19 since March. Over 1.1 million people have recovered, while more than 100,000 have died.

California, Texas, Arizona, and several other states announced new restrictions this week including the temporary closure of bars, beaches, gyms and other business in hopes of flattening the curve after easing lockdown restrictions in May.

New York Governor Andrew Cuomo announced that travelers from over a dozen states with surging cases including Florida, Texas, Arizona, Georgia, Indiana, Arkansas, Mississippi, and Utah, must self-quarantine for 14 days.

If you're traveling to New York from the following states you must self-quarantine for 14 days.

The states are: AL, AR, AZ, CA, FL, GA, IA, ID, LA, MS, NC, NV, SC, TN, TX, UT.

— Andrew Cuomo (@NYGovCuomo) June 30, 2020

The traveling restriction don't just apply to the states. The European Union has closed its bordered to U.S. travelers until further notice.As of Wednesday (July 1), Florida reported an additional 6,500 new cases, pushing the state total above 100,000. But despite the surge in cases, Florida Gov. Ron DeSantis refused to reinstate social distancing restrictions.

Meanwhile, Texas reported over 8,000 cases in just 24 hours, the highest one-day total for the state since the pandemic began. California saw record-breaking numbers as well, prompting Gov. Gavin Newsom to order the closure of beaches, bars, restaurants, and other businesses. The Golden State has surpassed 233,000 confirmed cases of COVID-19, many of which are centered in Los Angeles County.

Arizona added 4,682 cases to its total of nearly 85,000 confirmed cases on Tuesday. North Carolina also hit a record high of 1,843 cases, bringing the state’s total of 66,513 following slight dip in the number of infections last weekend.

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50 Cent Offers To Help Virgil Abloh Amid Backlash Over Pop Smoke Album Cover

50 Cent wants to assist Virgil Abloh with the cover of Pop Smoke’s debut studio album, Shoot for the Stars Aim for the Moon. The fashion designer caught criticism after the album artwork hit the web earlier in the week, and fans felt the creation was disrespectful to the late rapper.

Fif initially criticized the creation on Instagram writing, “f**k Virgil he’s [out] of here,” after he learned that Abloh was behind the cover.

Taking to Twitter on Tuesday (June 30), the G-Unit honcho offered Abloh a helping hand. “Hey Virgil we need new album art. They ain’t going for that bulls**t. Love ya work let’s get to it.”

Hey Virgil we need new album art, they ain’t going for this bullshit. Love ya work let’s get to it. 🤔Steven i told you this shit was 😡eww let’s get it right! #bransoncognac #lecheminduroi pic.twitter.com/mE24CtErto

— 50cent (@50cent) June 30, 2020

Abloh later explained that the cover was inspired by his final conversation with Pop Smoke. “This album cover was one of like 5 things we talked about,” Virgil wrote in a deleted Instagram post. “He mentioned his story felt like the metaphor of a rose & thorns growing from the concrete of his hood in Canarsie, Brooklyn. In your memory, I just finished it yesterday.” Pop Smoke's manager reportedly decided to change the cover of the album, which is slated for release on Friday (July 3).

UPDATE: Pop Smoke’s manager says they will change the album cover after listening to the fans. https://t.co/eGPQ9DXa1t

— Hot Freestyle (@HotFreestyle) June 30, 2020

In March, Fif announced that he was working on Pop Smoke’s posthumous LP. “I’m on the move listening to Pop Smoke. I deduced I’m gonna executive produce and finish his album for him,” he revealed on Instagram.

Pop Smoke was shot and killed inside his Southern California rental home in February. His murder remains unsolved.

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