Colorado Marijuana Laws

Colorado: First Month Of Legal Marijuana Sales Yields $3.5 Million In Taxes And Fees

Retail sales of cannabis in the month of January yielded an estimated $3.5 million dollars in state tax revenues, according to financial data released online this week by the Colorado Department of Revenue. Customers spent an estimated $14 million on the purchase of marijuana and cannabis-infused goods at state-licensed facilities.

Washington marijuana laws

Washington: Over 1,300 Applications Submitted So Far By Those Seeking To Operate Commercial Marijuana Businesses

Washington state regulators are presently reviewing over 1,300 applications from would-be entrepreneurs seeking to engage in the state-licensed production and/or sale of cannabis and cannabis-infused products to those age 21 and over. Regulators began accepting applications for licenses in mid-November and will continue accepting applications until December 19. In Colorado, regulators began accepting similar applications for commercial cannabis licenses in October — the first of which was approved in late November. Licensed cannabis operations are anticipated to be operational in Colorado on January 1, 2014.

Washington marijuana laws

Washington State To Begin Accepting Applications In November From Marijuana Retailers

Washington state regulators today finalized rules to govern the state’s nascent marijuana retail market. Beginning on November 18, regulators will begin formally accepting applications from those seeking state licenses to commercially produce, process, and sell cannabis to those age 21 and over. Both Colorado and Washington are anticipated to have licensed marijuana retail outlets operational by early next year.