Colorado Recreational Cannabis Rules Finalized
The finalized rules for retail (recreational) cannabis were announced September 9th, 2013. Thus making Colorado the first state with finalized rules for recreational cannabis in the country.
A couple of the key points:
- Anyone/business in the marijuana industry must be licensed and pay fees anywhere between $2,800–$14,000
- Recreational Marijuana stores have to grow 70% of the product in their stores until October 2014
- Businesses must use the state’s online inventory tracking system that monitors marijuana all the way from growing through to final sale.
- Businesses need to adhere to a very detailed list of security requirements that include surveillance requirements
- Containers must be opaque and child proof with detailed labels
- There are strict advertising guidelines designed to minimize exposure to anyone under 21
- Businesses can be audited at ANY TIME by Colorado’s Marijuana Enforcement Division
- Marijuana businesses cannot be within 1000 feet of another marijuana business or other sensitive locations (not included in the new rules, but is a previously approved regulation)
The detailed guidelines cover just about every imaginable facet of our budding retail marijuana industry.
The (US) Department of Justice will not seek legal action to prevent recreational marijuana laws in Colorado or Washington state from going into effect as long as those states create rules and regulations that must be adhered to.
Adhering to rules can only be good for industry moving forward.
If the two states prove able to effectively regulate themselves, this would open up the door for other states to enact similar legislation and ultimately the complete removal of cannabis from the schedule of controlled substances.
This is an exciting time to be living in in both Colorado & Washington.