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Federal regulations to undermine legal pot?

Tuesday’s elections meant sweeping victories for the marijuana industry nationally, but in Colorado, the outcome was more of a mixed bag.

Alaska, Oregon and Washington, D.C., legalized recreational marijuana, while only some communities in Colorado chose to expand businesses. Voters in Lakewood, Manitou Springs and Federal Heights passed initiatives allowing retail marijuana shops to operate, while voters in Palmer Lake and Ramah in El Paso County voted against recreational sales. Voters in Palisade in Mesa County also apparently narrowly rejected recreational pot sales.

Nearly 100 new businesses received their licenses from Colorado regulators Oct. 1.

Yet many of these new, voter-approved pot shops may find it difficult to survive a drug war-era tax code that already threatens many established businesses.

Under the code, the federal government stands to make more money from the sale of marijuana than those legally selling it. And that could be enough to shut down many shops. [Read More]

Rob MeagherRob Meagher

Rob Meagher

Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]

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