Marijuana business in Colorado is seeing a major shift with the passage this month of a measure that halts sales of recreational marijuana at medical marijuana dispensaries.
There is widespread understanding by those operating medical dispensaries that with the law allowing recreational use in place, they are not going to be able to survive peddling medical pot alone. Now that recreational marijuana dispensaries can sell to anyone over the age of 21, there is little incentive for consumers – or dispensaries – to go through the additional bureaucracy that medicinal marijuana requires – except in case where patients are under the age of 21. That could mean those patients will have a tougher time finding specialized strains or compounds.
The new regulation also comes with a provision that allows consumers to purchase more of the plant and pay lower sales taxes on it. However, at least for the next few months, they may find they have fewer venues from which to buy. That’s because dispensaries will be actively making the shift from medicinal operation to recreational sales. Continue reading