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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 (

Source: PRWeb
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