Medical Marijuana Colorado

In spite of potential and projected business growth, regulation of medicinal marijuana in Colorado is simply a matter if inevitability. What is crucial, however, is how much the regulations hinder perspective growth of the industry. Recently, the City Council passed an ordinance to require licensing for Colorado medical marijuana dispensaries. Although this is a logical step in the progression of Colorado marijuana regulation, the requirements to attain a license could become a major point of contention. Currently, the Colorado medicinal marijuana dispensary owner will be required to pass a background check and pay fees totaling about $5000 (including annual fees). As time goes on, however, restrictions could become tighter and more subjective. For example, the Massey-Romer bill would allow the licensing board to establish a potential owner’s “moral character” and deny a license based on that subjective opinion. Regulations, ordinances, and perspective bills are changing on nearly a daily basis. Once again, it will be up to the public to decide on the fate of Colorado medical marijuana as a myriad of bills will surely be presented to the voting public. While opponents of medicinal marijuana in Colorado push for harsher restriction, advocates and business owners will be challenged to find initiatives that will please the public while still maintaining financial enterprise.