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:1/24/2017)... , ... January 24, 2017 , ... ... (AMIA) commended the Patient-Centered Outcomes Research Institute (PCORI) for developing a data access ... PCORI consider requiring a preliminary data sharing plan as part of award applications, ...
(Date:1/24/2017)... ... January 24, 2017 , ... ... offering, Processing Assurance Control Equipment (PACE), at the International Production and Processing Expo ... booth will highlight the new technology that is used in poultry processing facilities ...
(Date:1/24/2017)... ... 2017 , ... Learn to use popular brainwave and heart rhythm equipment to ... offered by Dr. Carol Francis at PVNET on Sundays in February and March and ... experiences. , Dr. Carol Francis shows business owners, parents, athletes, students and ...
(Date:1/24/2017)... ... January 24, 2017 , ... ... that it has officially formed a distribution partnership with Byers Scientific & ... odor management industry. , Through the agreement, OMI Industries formulated a special version ...
(Date:1/24/2017)... ... January 24, 2017 , ... This Saturday, January 28, the ... a very special performance by Alabama Symphony Orchestra musicians Yifan Zhou, Mara McClain & ... as dim sum, and exhibitors offer a look at Chinese games, crafts & more. ...
Breaking Medicine News(10 mins):
(Date:1/24/2017)... SEATTLE , Jan. 24, 2017  CTI BioPharma ... that Michael A. Metzger has been appointed ... experience leading and growing companies in the biopharmaceutical industry ... pleased to welcome Michael to the Board of CTI ... CEO of CTI BioPharma. "Michael is an accomplished leader ...
(Date:1/24/2017)... 24, 2017 When tragedy strikes, victims often can,t communicate, ... conditions they have, and who back home is wondering about them. ... informed about the safety of their family and friends, while helping ... in times of crisis. ... If you find yourself or your family in one of ...
(Date:1/24/2017)... 24, 2017 Trifecta Clinical , a ... appointing Rick Ward to Vice President of ... is also announcing the promotion of Ericka Atkinson ... Rick joins Trifecta from Greenphire where he ... senior business development positions within the healthcare industry throughout ...
Breaking Medicine Technology: