Marijuana Industry Group
A Colorado proposal to require safety testing for medical marijuana, same as recreational pot, won unanimous approval Wednesday on its first test in the state Legislature.
Colorado’s marijuana experiment was designed to raise revenue for the state and its schools, but a state law may put some of the tax money directly into residents’ pockets, causing quite a headache for lawmakers.
The recreational pot business is expected to grow rapidly now that new state laws, in effect Wednesday, allow retailers who didn’t own medical marijuana shops to do business.
Colorado is now selling more recreational pot than medical pot, a turning point for the newly legal industry, tax records released Wednesday show.
Colorado’s pot regulators are trying to make sure the state’s marijuana growers aren’t producing more pot than they can legally sell – a hedge against Colorado-grown pot ending up in states where it’s not legal.
There are more concerns about the number of children and teens using marijuana in Colorado. In a study just released, Colorado has a higher number of kids and college students using the drug than other states.
Alarmed by booming sales of highly potent edible marijuana products, Colorado regulators have drafted an emergency rule making it easier for new users to tell how much pot they’re eating.
Gov. John Hickenlooper is expected to sign a bill which could create more banking options for the marijuana industry.
Frustrated by the cash-heavy aspect of its new marijuana industry, Colorado is trying a long-shot bid to create the world’s first financial system devoted to the pot business.
A Colorado plan to set up the world’s first financial system for marijuana has cleared its first hurdle in the state Legislature, despite deep reservations from supporters that the plan will work.