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:8/18/2017)... ... August 18, 2017 , ... Radabaugh & Associates, a ... communities in North-Central West Virginia, is embarking on a cooperative charity effort with ... area. , The Chestnut Mountain Ranch (CMR) is a Christ-centered boarding school for ...
(Date:8/18/2017)... ... 2017 , ... The Brian Gifford Agency, an Indiana-based firm providing asset protection ... Campagna Academy in a charity drive to provide for at-risk children and teens in ... Academy is a nonprofit organization that has offered critical programs to at-risk and foster ...
(Date:8/18/2017)... ... 2017 , ... “Emotions are sacred, valid, honored, encouraged. This is the memo ... Generation Mindful. To help change the mindset of parents and educators from punitive to ... the Time-In Toolkit, which launched on Kickstarter 3 weeks ago and fully funded in ...
(Date:8/18/2017)... ... 18, 2017 , ... Alcovit, a lime-flavored beverage that rids the body of ... its product now available through Jet.com. , After 25 years of development, the ... is designed to quickly detox the body thereby avoiding alcohol-induced hangovers. Whether you’re having ...
(Date:8/18/2017)... ... ... “Our Mountains to Climb: A Journey of Love and Faith Through Trials”: ... faith they shared to overcome struggles in life. “Our Mountains to Climb: A Journey ... Corcoran, a retired teacher and happily married since 1999; the author’s personal experiences drive ...
Breaking Medicine News(10 mins):
(Date:8/17/2017)... , August 17, 2017 DarioHealth ... Company with mobile health and big data solutions, ... agreements with domestic and non-U.S. investors for the ... and shares of the Company,s newly designated Series ... offerings. The Company expects to conduct a closing ...
(Date:8/15/2017)... HOUSTON , Aug. 15, 2017   Mostyn Law ... in Houston, Texas . The Mostyn Law ... the past 2 years. That is why Mostyn Law ... Texas to show its appreciation. Blood supplies ... to fall 5% short of hospital needs in August. That is ...
(Date:8/15/2017)... Aug. 15, 2017  Axium Pharmaceuticals Inc., the creator of the drug ... in the beginning stages of an IPO. The ... with the average cost of a prescription epilepsy drug being $450.00-$1200.00 for ... AXIUM PHARMACEUTICALS, INC ... Another staggering figure is the fact that Americans spent ...
Breaking Medicine Technology: