A surge in surplus marijuana tax revenue in Colorado will soon pour into public schools to fund anti-bullying initiatives.

Flush with cannabis cash, the state plans to distribute nearly $3 million to the Colorado Department of Education for the programs, television station Denver7 reports. Around 50 schools will receive grants aimed at bullying prevention.

"As far as we know, we're the only state that is providing such significant funds to prevent bullying in schools," Dr. Adam Collins of the CDE said in an interview. "We are excited to have these funds."

See images of marijuana production and consumption in Colorado:



20 PHOTOS Marijuana in Colorado See Gallery Marijuana in Colorado KITTREDGE, CO - MARCH 9: Scott Hello ties limbs of a High CBD hemp plant up to help sustain vertical growth at Ambary Gardens in Kittredge, Colorado on March 9, 2016. Arvada has approved a hemp growing operation for cultivation of CBD oil. A surprising move as Arvada has declined to license recreational or medical marijuana shops. (Photo by Seth McConnell/The Denver Post via Getty Images) KITTREDGE, CO - MARCH 9: An employee displays trimmed bud from a High CBD hemp strain at Ambary Gardens in Kittredge, Colorado on March 9, 2016. Arvada has approved a hemp growing operation for cultivation of CBD oil. A surprising move as Arvada has declined to license recreational or medical marijuana shops. (Photo by Seth McConnell/The Denver Post via Getty Images) DENVER, CO - FEBRUARY 26: John Fritzel owns four marijuana businesses. He was on the grass couch at Buddy Boy Brands in Denver on Friday, February 26, 2016. He is one of the top businessmen in the marijuana industry in Denver. (Photo by Cyrus McCrimmon/ The Denver Post) A pedestrian crosses a street in downtown Pueblo, Colorado, U.S., on Thursday, Feb. 25, 2016. About 938 dispensaries, which outnumber Starbucks in Colorado, in 2015 yielded $135 million in state taxes and fees, 44 percent more than a year earlier. Yet as the market enters its third year after voters legalized retail sales in 2012, officials question whether the newfound income outweighs the escalating social costs. Photographer: Matthew Staver/Bloomberg via Getty Images Marijuana plants grow in a greenhouse at the Los Suenos Farms facility in Avondale, Colorado, U.S., on Thursday, Feb. 25, 2016. About 938 dispensaries, which outnumber Starbucks in Colorado, in 2015 yielded $135 million in state taxes and fees, 44 percent more than a year earlier. Yet as the market enters its third year after voters legalized retail sales in 2012, officials question whether the newfound income outweighs the escalating social costs. Photographer: Matthew Staver/Bloomberg via Getty Images Marijuana plants grow in a greenhouse at the Los Suenos Farms facility in Avondale, Colorado, U.S., on Thursday, Feb. 25, 2016. About 938 dispensaries, which outnumber Starbucks in Colorado, in 2015 yielded $135 million in state taxes and fees, 44 percent more than a year earlier. Yet as the market enters its third year after voters legalized retail sales in 2012, officials question whether the newfound income outweighs the escalating social costs. Photographer: Matthew Staver/Bloomberg via Getty Images Manager Ross Phillip stakes marijuana plants in a flower room at the grow facility for Sense of Healing dispensary in Denver, Colorado, U.S., on Wednesday, Dec. 9, 2015. The $3.5 billion U.S. cannabis market is emerging as one of the nation's most power-hungry industries, with the 24-hour demands of thousands of indoor growing sites taxing aging electricity grids and unraveling hard-earned gains in energy conservation. Photographer: Matthew Staver/Bloomberg via Getty Images LOUISVILLE, CO - NOVEMBER 12: Ajoya is a new marijuana dispensary in Louisville, CO and it's interior space offers a new retail experience for customers. The interior was designed by Roth Sheppard Architects. Marty Lucas works the counter as she fills a boutique shopping bag. Photos of the colorful space on Thursday, November 12, 2015. (Photo by Cyrus McCrimmon/The Denver Post via Getty Images) LEADVILLE, CO - JUNE 12, 2015: Novelty burlap 'marijuana bags' for sale at an antique shop in Leadville, Colorado. The fake bags are sold throughout Colorado where the purchase and use of recreational marijuana is legal. (Photo by Robert Alexander/Getty Images) FORT LUPTON, CO - JUNE 10: PureVision Technology president Ed Lehrburger dumps a bag of industrial hemp onto a table to show its similarity to marijuana (in look only) on Wednesday, June 10, 2015. PureVision Technology Inc., a Fort Lupton biofuels company that is processing hemp stalks into sugars, lignin, pulp and CBD extracts. (Photo by AAron Ontiveroz/The Denver Post via Getty Images) DENVER CO - APRIL 20: Pot smokers partake in smoking marijuana at exactly 4:20 during the annual 420 celebration in Lincoln Park near the State Capitol in Denver, Colorado on April 20, 2015. (Photo By Helen H. Richardson/ The Denver Post) AURORA, CO - April 23: 'Headband' a strain of Wednesday, April 23, 2015 at Good Chemistry in Aurora, Colorado. The shop which opened in early April is one of many that have popped up in the Aurora over the last six months of beginning of recreational marijuana in the city. (Photo By Brent Lewis/The Denver Post via Getty Images) A worker at a dispensary handles bags of marijuana delivered by the courier service CannaRabbit LLC in Louisville, Colorado, U.S., on Friday, March 27, 2015. CannaRabbit and peers are rushing in as regional truckers and nationwide haulers United Parcel Service Inc. and FedEx Corp. steer clear of transporting marijuana on concerns over the lack of nationwide clearance of a practice that is still illegal in most states. Photographer: Matthew Staver/Bloomberg via Getty Images DENVER, CO - MARCH 11: A sample of marijuana is in a jar, for customer to look at and smell, at Euflora Dispensary in Denver, March 11, 2015. Colorado pot sales soar to record in January, bringing $2.3 million for schools. Around $36.4 million of recreational marijuana was sold this January compared to about $14.69 million sold the same month last year. (Photo by RJ Sangosti/The Denver Post via Getty Images) DENVER, CO - MARCH 11: Robert Grandt works in the grow room at 3D Cannabis Center in Denver, March 11, 2015. Colorado pot sales soar to record in January, bringing $2.3 million for schools. Around $36.4 million of recreational marijuana was sold this January compared to about $14.69 million sold the same month last year. (Photo by RJ Sangosti/The Denver Post via Getty Images) DENVER, CO. - DECEMBER 06: Beth Bice of Charlotte, NC smokes a joint on the bus during a marijuana tour hosted by My 420 Tours in Denver, CO on December 06, 2014. Bice saw a video advertising the tours and said, 'lets go to Colorado.' She explained, 'Im not a big drinker. So to do this and find people like me it feels awesome. Its a movement, you want to be a part of it. The more and more people that get on board with this, the more and more acceptable it will become. During the day tourists visited La Conte's grow facility, La Conte's Clone Bar & Dispensary, Native Roots dispensary and Illuzions Glass Gallery. (Photo By Craig F. Walker / The Denver Post) DENVER, CO. - DECEMBER 06: Mike Goldstein of New York, NY photographs himself with plants at La Conte's grow facility during a marijuana tour hosted by My 420 Tours in Denver, CO on December 06, 2014. During the day tourists visited La Conte's grow facility, La Conte's Clone Bar & Dispensary, Native Roots dispensary and Illuzions Glass Gallery. (Photo By Craig F. Walker / The Denver Post) DENVER, CO - AUGUST 13: Steve Herin, Master Grower at Incredibles, works on repotting marijuana plants in the grow facility on Wednesday, August 13, 2014 in Denver, Colorado. Higher than expected demand for marijuana edibles is pushing several Colorado manufacturers, like Incredibles, to expand their operations. (Photo by Kent Nishimura/The Denver Post via Getty Images) TELLURIDE, CO - JULY 8, 2014: A sign in the window of one of several medical and recreational marijuana retail stores in Telluride, Colorado, advertises its locally grown products. (Photo by Robert Alexander/Getty Images) DENVER, CO - JUNE 27: Kayvan Khalatbari is an entrepreneur in Denver. He was photographed on Friday, June 27, 2014 inspecting a strain at Denver Relief. He owns the Sexy Pizza chain, Denver Relief, and founded Sexpot Comedy. He has gained famed by donning a chicken suit (bought online) and mocking Governor John Hickenlooper, for promoting beer but not marijuana. (Denver Post Photo by Cyrus McCrimmon) Up Next See Gallery Discover More Like This HIDE CAPTION SHOW CAPTION of SEE ALL BACK TO SLIDE

Proponents of legalized pot have long argued that tax revenues from its sale would be a boon to cash-strapped states. Colorado collected more than $135 million in taxes in fees in 2015. In June, the state's Pueblo County set aside around $750,000 in college scholarships for high school seniors — all from marijuana excise taxes.

The $2.9 million earmarked to fight school bullying is from a $66 million surplus of weed revenue, according to reports. Grants, which will be as high as $40,000 per school, will go toward specialized training from a bully prevention coach.

Schools across the U.S. continue to struggle with ways to combat bullying and harassment, which has taken on new dimensions thanks to student use of social media. Last year, Colorado named a cyberbullying law after a Highland Ranch teen who attempted suicide over hateful text messages. The girl, Kiana Arellano, is now paraplegic and unable to speak.

News of the Colorado's anti-bullying grants comes just days after a viral video showed a Commerce City student relentlessly harassed by a peer while waiting for a bus.

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