Colorado marijuana regulators are closer to creating new business licenses for eligible entrepreneurs who lack funding, with the micro-license applications expected to become available early next year.
Securing a marijuana license has proven to be a costly, lengthy venture for a startup business in Colorado, with most licensing opportunities in Denver and other metro communities drying up because of market saturation and local license moratoriums.
The Colorado Legislature passed several laws over the last two years to address the lagging social equity and diversity in the state’s legal pot trade, including measures loosening marijuana employment restrictions for former drug felons and giving Governor Jared Polis the power to pardon former low-level pot possession charges. The micro-license was one of Colorado lawmakers’ early social equity efforts, but it has taken a while to develop.
Created through a 2019 law that overhauled the state’s medical and recreational marijuana regulations, the licenses are intended to raise social equity within commercial pot by making business permits more accessible to those harmed by the War on Drugs. However, a year after the law took effect, applications still aren’t being accepted as the state Marijuana Enforcement Division continues holding rulemaking hearings, with the most recent meeting providing a window into the MED’s progress.
The new micro-license applications are now expected to be ready by January 1, 2021, according to the MED, and could be used for marijuana dispensaries, growing operations and infused-product manufacturing. [Read More @ Westword]
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
The state’s adult-use cannabis industry brought in nearly $60 million in its first year, but some fear market saturation and mega-competitors from out of state. One year after Maine launched its legal adult-use cannabis market, industry members say they’re encouraged by the market’s rapid growth, but they also shared worries about the possibility of market…
Trends in Cannabis Legalization While employers in the transportation industry are acutely aware of the effects COVID-19 has imposed over the last 18 months, another phenomenon has been making itself known: the ever-increasing tally of states and localities across the country legalizing cannabis for medicinal and recreational purposes. A majority of states now have enacted…
CALLS by the leaders of two German police unions for politicians to U-Turn on the their progressive march towards cannabis legalisation have been roundly condemned. This comes as political talks continue towards the the formation of a cannabis-friendly ‘Traffic-Light Coalition’. It appears that it is just these talks – and the potential for adult-use legalisation…
New Jersey has licensed 14 new marijuana businesses, bringing a long-awaited expansion of the state’s medical marijuana program that exceeds original plans. The Cannabis Regulatory Commission on Friday announced the winners of a competitive and burdensome licensing process that began two years ago. Nearly 200 entrepreneurs applied for licenses to grow and sell medical marijuana,…