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.
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.
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.
Trying to tell the difference between a marijuana edible and a traditional snack is nearly impossible once those nibbles are out of their packaging. Some state lawmakers are trying to change that.
When people buy marijuana from a store in Colorado, the ounce they can walk out the door with is fairly easy to measure. Not so when the pot is in concentrated form, perhaps baked into a cookie or brownie.
Legal marijuana sales in Colorado are set to start on Jan. 1, or so the law says. Knowing when the recreational pot shops will actually open, however, is anyone’s guess.
Future recreational pot shops in Colorado have won a measure of flexibility. A legislative panel voted Monday to reject a plan to require marijuana shops to grow most of the weed they sell.
Pot smokers in Colorado were the biggest winners in the vote that legalized the drug. Now state regulators are working out the details of exactly how to tax it, so the benefits are shared statewide in the form of increased revenue.