59.9 F
Palm Springs
Sunday, April 5, 2020

America’s first recreational pot licenses issued in Colorado

Must read

Protesters threaten to stab Mitch McConnell outside his home

A mob of angry gun control protesters gathered outside Senator Mitch McConnell’s Louisville home and chanted death threats in a bid to...

Senators Back Protections for Undocumented Military Family Members

SACRAMENTO, Calif. – Immigrants' rights groups say fear is spreading among people in the U.S. military who have undocumented family members, after...

Community Challenge Grants Improve Livability Across CA

SAN DIEGO, Calif. – Four California communities will see some significant improvements in the next few months – thanks to the 2019 AARP Community...

CA English-Learner Programs to Get $10 Million in Current Budget

SACRAMENTO, Calif. — One in four public-school students in California is an English learner, and now programs to help them become more...

Colorado made history on Monday, becoming the first state in the US to issue hundreds of licenses for recreational marijuana businesses.

Colorado’s Marijuana Enforcement Division approved 348 licenses: 136 to pot shops, 31 to marijuana-infused products companies, 178 to growing facilities, and three to marijuana-testing laboratories. All businesses had to apply by the end of October in order to receive their licenses by New Year’s Eve and begin operating on January 1. As RT reported earlier, Colorado and Washington became the first states to legalize the recreational use of marijuana after voters approved the measures in referendums.

“Colorado will be the first state to have a legal marijuana market for adults,” Mason Tvert, a spokesman for the Marijuana Policy Project and one of the leaders of Colorado’s legalization push, told the Denver Post. “We expect it to set an example for other states.”

Marijuana in Colorado will be given a 15 percent excise tax and a 10 percent sales tax. Authorities expect these taxes to add roughly $70 million to the state budget. The first $40 million has already been set aside for school projects.

“We are grateful voters approved funding that will allow for a strong regulatory environment, just like liquor is regulated,” Gov. John Hickenlooper (D) told Reuters after voters approved the regulations suggested by state authorities. The governor originally opposed legalizing marijuana, but has come out in support of the tax proposal.

“We will do everything in our power to make sure kids don’t smoke pot and that we don’t have people driving who are high. This ballot measure gives Colorado the ability to regulate marijuana properly,” he added in a statement.

Although 348 licenses were issued, not all of the businesses will begin operations on January 1. In addition to state approval, marijuana-related facilities must also obtain permission from local jurisdictions. According to the Denver Post, only eight stores in the state’s capital are ready to open their doors to customers on the first day of 2014. Ninety-four others which have been approved by the state are still in the process of clearing hurdles in the local licensing process. In Denver, for example, marijuana-related businesses must go through a public hearing and five city inspections in order to obtain a city license.

Advertisements

More articles

Latest article

Border Patrol Arrests Woman Attempting to Smuggle Meth

SALTON CITY, Calif. – El Centro SectorBorder Patrol agents working at the Highway 86 immigration checkpoint arrested a woman suspected of smuggling methamphetamine...

Medical marijuana workers start unionizing with government help

Marijuana may still be illegal at the federal level, but the US labor board believes pot workers still have the same rights as any...

America’s first recreational pot licenses issued in Colorado

Colorado made history on Monday, becoming the first state in the US to issue hundreds of licenses for recreational marijuana businesses. Colorado's Marijuana Enforcement Division...

Praised & Maligned Medical Marijuana Collective to Celebrate 3rd Anniversary

Praised & Maligned Medical Marijuana Collective to Celebrate 3rd Anniversary Riverside’s actions to close the collective is at the California Supreme Court, but they are...

Obama administration considering ways to overturn marijuana legalization in Washington and Colorado

New legislation in Washington state went into effect this week that legalizes for the first time in ages the possession of marijuana. Federal law...