Denver, CO: Colorado lawmakers have approved first-in-the nation regulations governing the statewide commercial production and retail sale of cannabis to those age 21 and older. The regulations’ passage comes six-months after a majority of voters in November approved Amendment 64, which legalized the adult possession and cultivation of limited quantities of marijuana, and tasked the state with establishing regulations for the plant’s retail production and sale of cannabis to the public.
House Bill 1317 establishes a regulatory framework for retail cannabis businesses, which are anticipated to begin operating in early 2014. House Bill 1318 proposes tax rates for commercial marijuana production and sales.
Both measures await action from Democrat Gov. John Hickenlooper.
The two measures do not impact the state’s existing medical marijuana laws, nor do they interfere with existing legal protections legalizing the personal possession (up to one ounce) and cultivation (up to six plants) for non-commercial purposes.
Lawmakers’ proposed tax scheme must be approved by a majority of state voters this November before it may be implemented. Proposed taxes do not apply to those engaged in the personal cultivation or not-for-profit transfers of cannabis.
Under the proposed regulations, marijuana retailers must be Colorado residents. Marijuana sales are permitted to anyone over age 21, including non-residents.
For more information, please contact Allen St. Pierre, NORML Executive Director, at (202) 483-5500 or Paul Armentano, NORML Deputy Director, at: email@example.com.