Monday, August 15, 2011

Elevated 8,200 feet "high" in the Rockies ...most heavily regulated marijuana industry in America

Elevated to more than 8,200 feet in the Rockies, state regulation arrived in this famously mellow, pot-friendly town after Colorado passed landmark legislation over the past two years to tax, license and govern the state's wild, for-profit medical marijuana trade.

Colorado now has the most heavily regulated medical cannabis industry in America. Even Nederland's Board of Trustees imposed a $5,000 local fee on new cannabis stores, hoping to cash in on pot prosperity.

But it has meant heartache for this hamlet of 1,400 people.

In 2010, Nederland voters passed a symbolic measure, declaring all marijuana legal in the hippie haven and former silver town renowned for its high-grade cannabis. In practice, the town already had permitted seven medical marijuana stores. As many as 14 were said to be operating – one for every 100 residents.

Now Nederland has three marijuana stores left. A bonanza in local sales taxes is drying up, and the town's marijuana growers are fed up.

Rather than pay state licensing fees and hefty costs for video security and other state mandates for selling medical marijuana, Chippi closed the doors of her Nederland store last year.


No comments:

Post a Comment