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Medical Marijuana Colorado

New Tax Can Legitimize the Industry

Rachel Davis - Sunday, February 28, 2010

Colorado state senate is reviewing Bill 1284, which will impose an excise tax onto Colorado medical marijuana. This excise tax would be very similar to the tax imposed on alcohol. Although this might initially sound like a blow to the industry, it is actually a step towards legitimacy. Taxation of this sort implies the industry will be allowed to remain public and flourish. If the bill passes in the senate, it will be up to voter's approval. Colorado medical marijuana dispensaries could be looking at a brighter future if this tax passes; legitimate tax means legitimate business. There is still a long road ahead, especially when it comes to the federal government's view of Colorado medical marijuana. Bill 1284, however, could very possibly be the tax law voters and proprietors have been waiting for.

State and Federal Law Collide

Rachel Davis - Wednesday, February 17, 2010

Due to the vague and cryptic nature of Colorado medical marijuana law, more growers and dispensaries are feeling the backlash from the DEA. Recently, a grower in Highlands Ranch was arrested by federal agents while his entire inventory was confiscated. What is most disturbing about this situation is the grower believed he was in compliance with state law. Regrettably, federal law supersedes state law, thus making the grower of Colorado cannabis a felon in the eyes of the DEA. This could potentially open the doors for more confiscation and firm restriction via federal lawmakers. Unfortunately, Colorado medicinal marijuana laws have been ambiguous at best from the beginning. It is becoming painfully evident that clearly defined laws and guidelines must be in place before more people who believe they are compliant end up in federal prison. Blame lies in all areas of the industry, from vague law to overzealous proprietors. Until firm and acceptable guidelines are in place, similar situations will plague the industry, causing more skepticism and fear among the public and government officials.

Current and Future Challenges for Dispensaries

Rachel Davis - Thursday, February 11, 2010

In spite of potential and projected business growth, regulation of medicinal marijuana in Colorado is simply a matter if inevitability. What is crucial, however, is how much the regulations hinder perspective growth of the industry. Recently, the City Council passed an ordinance to require licensing for Colorado medical marijuana dispensaries. Although this is a logical step in the progression of Colorado marijuana regulation, the requirements to attain a license could become a major point of contention. Currently, the Colorado medicinal marijuana dispensary owner will be required to pass a background check and pay fees totaling about $5000 (including annual fees). As time goes on, however, restrictions could become tighter and more subjective. For example, the Massey-Romer bill would allow the licensing board to establish a potential owner’s “moral character” and deny a license based on that subjective opinion. Regulations, ordinances, and perspective bills are changing on nearly a daily basis. Once again, it will be up to the public to decide on the fate of Colorado medical marijuana as a myriad of bills will surely be presented to the voting public. While opponents of medicinal marijuana in Colorado push for harsher restriction, advocates and business owners will be challenged to find initiatives that will please the public while still maintaining financial enterprise.

New Policy Announcement by Obama Administration Paves Way for Colorado Marijuana Dispensaries

Rachel Davis - Tuesday, December 08, 2009

 


Although medical marijuana in Colorado was legalized in 200, most dispensaries were overshadowed by the Bush administration’s rigid stance that federal laws took precedence over state laws. The new Obama administration, however, brings fresh hope with the announcement that federal agents must defer to state law enforcement when it comes to medical marijuana issues. In the last six months, Colorado medical marijuana registry has grown to nearly 10,000 and there are currently about 30 dispensaries in operation to accommodate patients. That number is estimated to double to 60 by the end of 2009. As laws open up new opportunities for dispensaries, entrepreneurs are finding more ways to cater to medical marijuana patients without the danger of harassment by federal law officials, and operations that were once forced to operate underground are now being raised to the taxable surface thanks to the new policy.

 

 


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