Will Retail Marijuana Lead To Corporate Greed?

William Panzer’s latest law blog post.

The sale of recreational marijuana is becoming a reality. As discussed in the CNN Article by Carma Hassan, the sale of recreational marijuana will be allowed in Colorado.

Colorado issued the first retail marijuana licenses this week and sent out over three hundred licenses to retail establishments. These establishments included marijuana stores, marijuana cultivation facilities, products manufacturing facilities, and marijuana testing facilities.

In order to obtain a retail marijuana license, a retailer must pass certain checks. These checks include finger-print based background checks and financial checks, along with approval from local authorities.

There are mixed reactions to this new development. Some business owners in Colorado think business will increase exponentially, and others believe this decision will affect retail marijuana efforts in other states and lead towards legalization in other states.

However, there are still some individuals who disagree with the sale of retail marijuana. Kevin Sabet, the director of Smart Approaches to Marijuana, thinks this is a social experiment that the country will later come to regret. Sabet believes that the retail sale of marijuana will lead to corporate greed. This corporate greed will promote a product that scientists believe is connected to mental illness, lung problems, car crashes, and other problems.

williampanzerlegalweed

William Panzer discusses the legalization of marijuana across the country.

As further discussed in the CNN article by Michael Martinez, any one over the age of 21 will be able to purchase recreational marijuana in Colorado on or after January 1, 2014. However, for people with a Colorado I.D., purchases are limited to one ounce. For people with out of state IDs, purchases are limited to a quarter ounce.

The sale of recreational marijuana became a reality when Colorado voters approved a constitutional amendment by a 65% Yes vote. The state of Colorado will greatly benefit from these sales. The recreational marijuana will be taxed at a rate of 25%, plus 2.9% for the state sales tax. This will result in additional revenue for Colorado, generating an extra $67 million per year. About one third of this money is designated to build new schools.

Additionally, Colorado does have laws and regulations in place that limit where recreational marijuana may be smoked and laws regulating driving under the influence. Smoking recreational marijuana is limited to private properties. People are not allowed to smoke recreational marijuana in public and are not allowed to smoke in the retail marijuana shop. Further, Colorado laws outline when a motorist may be ticketed for driving under the influence. Motorists may be ticketed for driving under the influence of marijuana when his or her blood contains more than 5 nanograms of active THC.

In conclusion, Colorado will become the first state in the country to allow recreational marijuana shops and will likely help lead other states to allow recreational marijuana sales.

from William Panzer Lawhttp://williampanzerlaw.com/recreational-marijuana-legal/

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About williampanzer

William Panzer is a lawyer practicing in the Oakland, CA area supporting medical marijuana initiatives.
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