As many of you know, the sale, possession and growing of a limited amount of cannabis is allowed in Colorado for those aged 21 years or older. In Denver there are many places you can buy cannabis, yet the only place you can smoke it is in your own home or on someone else’s private property if they give you permission.
In other words, someone who drinks alcohol can go to any number of bars or lounges or restaurants and drink as much as they want, but someone who has legally purchased cannabis does not have that option.
Although voters in the state of Alaska approved recreational cannabis legalization in 2014, it is still missing something that is available in Washington, Colorado and Oregon: retail sales. But the ability of an adult to walk into a store and buy some marijuana legally should be coming by the end of the year, according to authorities there.
Last week Denver police officers and federal agents descended on cannabis grow sites throughout the city — grow sites they say were operating illegally.
According to authorities, the raids were part of a two-year investigation that will still take a few more months to complete. No arrests were made, but you can be sure copious amounts of cannabis and equipment were seized; it’s hard to tell as officials are being tightlipped on details.
The marijuana industry is new and exciting and that’s why so many investors and entrepreneurs want to get in on the “ground floor.” But there are several things you should take into account before making that leap.
The most important thing to take into consideration is the legality of cannabis, something that really doesn’t come into play in most industries. Even heavily regulated products that are sold at the retail level basically have uniform regulations no matter where you are in the U.S. This is not the case with cannabis products.
As marijuana law reform sweeps the United States, we cannot forget about the U.S. territories that suffer under cannabis prohibition as well. Alejandro Garcia Padilla, the Governor of the U.S. Territory Puerto Rico, recently called for marijuana legalization in P.R.
Padilla says legalization will bring lower crime to P.R.; the territory’s recently approved medical marijuana and decriminalization bill await action by the legislature, but recreational legalization is a natural extension of these policies.