As you have probably heard, there was big news in Denver yesterday. The Colorado Legislature approved legislation to tax and regulate the distribution and sale of marijuana to adults 21 and older! The measures now go to Gov. John Hickenlooper so that he can sign them into law. This marks the first time in history that a state legislative body has passed legislation to regulate marijuana for sale to all adults.
The legislation, in fact, was introduced and passed because voters directed their lawmakers to regulate the production and sale of marijuana in Colorado when they voted “yes” on Amendment 64 this past November. Since passage of that ballot measure, MPP has been carefully monitoring the implementation process and has worked with a team of lobbyists and advocates to make sure the legislature got it right. When it comes to most of the major issues, such as allowing adults from out-of-state to purchase marijuana legally, we are happy to report that they did.
Once Gov. Hickenlooper signs off on the legislation, the Department of Revenue will have until July 1 to promulgate rules and regulations that Colorado’s new retail marijuana businesses must follow. We will once again be monitoring this process and will work with our allies to help craft rules that provide adults safe and reliable access to marijuana, while preventing diversion to young people and the underground market. Continue reading