Navigation Links
Colorado Colorado State Regulators Decide up Licensing Fees and Rules for Upcoming Recreational Pot Business, as reported by PotStores.com
Date:8/26/2013

(PRWEB) August 26, 2013

Although Colorado state regulators are already deciding on laws concerning licensing guidelines for entrepreneurs wanting to get into the pot business in January, 2014 , Potstores.com suggests that this activity may not be the positive sign pro-pot people have been waiting on regarding the sale of recreational pot in Colorado. According to an Associated Press article published in the Washington Post on August 20, “Colorado's marijuana industry is shaping up to be legal, but not cheap” (http://articles.washingtonpost.com/2013-08-20/business/41427629_1_marijuana-industry-marijuana-workers-pot-shop-owner).

Some of the licensing rules being considered by Colorado lawmakers involve “ganjapreneurs” paying a $5000 application fee prior to starting a recreational pot shop, plus another fee of up to $14,000 to procure an operational license. For those wanting to take advantage of the legalization of pot in Colorado by selling both recreational and medical marijuana, they will be expected to pay twice the amount they would have to pay if they chose to sell only recreational pot. The Washington Post article further states that even after coughing up the cash for application and operational licenses, applicants must then pass a stringent background check as well as proof of residency and citzenship.

While the greening of Colorado is being excitedly anticipated by pot aficionados, Potstores.com cautions entrepreneurs that lawmakers are going to throw in enough red tape to partially bury that enthusiasm under a labyrinth of regulations. Although medical marijuana was OK'd in Colorado over a decade ago (http://www.colorado.gov/cs/Satellite/CDPHE-CHEIS/CBON/1251593016680), Colorado lawmakers are attempting to control, restrict and capitalize on a drug that has, in essence, been legal in their state since 2000.

No one will dispute the fact that application fees are necessary to pay for background checks on anyone wishing to initiate a medical or recreational marijuana business, especially since these checks can ensure that Mafia-types or drug cartel individuals are not allowed to infiltrate the pot industry in Colorado. However, expecting entrepreneurs to pay such large fees for operational licenses is being questioned by Colorado's pro-pot people as nothing more than out-of-control capitalism. In the Washington Post article, head of Denver's Medical Marijuana Industry Group Micheal Elliot asserts that Colorado “is charging high fees with no rational basis in the costs of enforcement” (http://articles.washingtonpost.com/2013-08-20/business/41427629_1_marijuana-industry-marijuana-workers-pot-shop-owner).

Elliot further states that marijuana shop owners should not have to pay such exorbitant licensing fees if they want to accommodate medical and recreational pot users. “It's not going to cost twice as much to enforce the law at a dual-use facility,” Elliot claims. “It may cost more but not twice as much.”

With additional regulations looming over the heads of Colorado's existing and potential pot shop owners, such as a proposed “seed-to-sale” monitoring system integrating video surveillance with the growing, packaging and selling pot to all customers, Potstores.com suggests that anyone entertaining the idea of entering the Colorado pot business be well funded.

Read the full story at http://www.prweb.com/releases/colorado-pot-business/legislation-fees/prweb11059637.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Illnesses in Colorado childrens hospital prompts discovery of contaminated alcohol pads
2. McDivitt Law Firm Opens Office to Fellow Attorneys Affected by Colorado Springs Wildfires
3. Be Present Welcomes Wanderlust Festival to Copper Mountain, Colorado
4. Talk to Your Kids About the Colorado Killings
5. For Colorado Family, Its Allergies All Around
6. University of Colorado Cancer Center earns major grant to develop new bladder cancer drugs
7. Family Doctors from Front Range Primary Care Now Offer Extended Hours at Trinidad, Colorado Location
8. First Choice Emergency Room Opens New Facility in Colorado Springs
9. Zane Benefits Publishes New Information on the Colorado Health Insurance Exchange
10. Colorado Orthopedic Consultant Performs e-plus™ Total Knee Replacement
11. Actors, Models and Talent for Christ Sets Up Auditions in Three Colorado Cities
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Lori R. Somekh, founder of ... ElderCounsel, a national organization of elder law and special needs planning attorneys. “Membership in ... It also provides a forum to network with elder law attorneys nationwide,” said Somekh. ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Global Healthcare Management’s ... Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s ... The fun run is geared towards children of all ages; it is a ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: ... “America On The Brink” is the creation of published author, William Nowers. ... As a WWII veteran, he spent thirty years in the Navy. Following ...
(Date:10/12/2017)... ... 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ), one of the ... new design of the shoulder pad. The shoulder pad provides optimal support and ... pain while using cold therapy. By utilizing ice and water that is circulated from ...
(Date:10/12/2017)... ... October 12, 2017 , ... HMP , a leader in healthcare ... Folio Magazine Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ Winners were announced during ... , The annual award competition recognizes editorial and design excellence across a range of ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... Oct. 10, 2017  NDS received FDA 510(k) clearance in May ... battery-powered display stand specifically designed for endoscopy environments. An innovative secondary ... a clinical solution to support the improvement of patient outcomes, procedural ... ... ...
(Date:10/4/2017)... South Korea , Oct. 4, 2017  South ... its next-generation CPR training aide "cprCUBE" on Kickstarter. The ... chest compression during cardiac arrests with better efficiency compared ... It also offers real-time feedback on efficacy of the ... The crowdfunding campaign has a goal to raise $5,000. ...
(Date:10/2/2017)... 2, 2017  Eli Lilly and Company (NYSE: ... the third quarter of 2017 on Tuesday, October 24, ... that day with the investment community and media to ... conference call will begin at 9 a.m. Eastern time. ... live webcast of the conference call through a link ...
Breaking Medicine Technology: