Colorado Lawmakers Approve First-In-The-Nation Regulations Governing Retail Marijuana Production And Sales
Colorado lawmakers made history Wednesday by approving first-in-the nation regulations governing the retail production and sale of cannabis to those age 21 and older.
The Huffington Post has the story here:
On the final day of the legislative session, Colorado lawmakers finally passed two historic bills to implement recreational marijuana legalization in the state — making Colorado the first state in the U.S. to take such steps toward the legal sale, regulation and tax of marijuana for recreational use.
House Bill 1317, which proposes the regulatory framework for legal marijuana, passed the Senate on a 29-6 vote and passed the House on a 37-28 vote, on Wednesday.
House Bill 1318, which proposes the tax rates which will fund the regulatory framework for legal marijuana sales and will ultimately need Colorado voter approval, passed the Senate 25-10 and passed the House 37-28, Wednesday.
Both the regulatory framework bill and the tax bill head to Gov. John Hickenlooper’s desk and appear poised to become law.
The two measures do not impact the state’s existing medical marijuana laws, nor do they interfere with existing legal protections legalizing the personal possession (up to one ounce) and cultivation (up to six plants) for non-commercial purposes.
Further details about the newly approved regulatory bills is available here.
Lawmakers’ proposed tax scheme on the commercial production and retail sale of cannabis must be approved by a majority of state voters before being implemented. Proposed taxes do not apply to those engaged in the personal cultivation or not-for-profit transfers of cannabis.
Lawmakers’ proposals come six months after 55 percent of state voters approved Amendment 64, which legalizes the adults possession and cultivation of limited quantities of marijuana, and tasked the state with establishing regulations for the retail production and sale of cannabis to the public. May 9, 2013