Big Deadline Approaching for Medical Marijuana Businesses

By: KKTV - Associated Press
By: KKTV - Associated Press

Thursday, a one-year moratorium on new medical marijuana businesses and licensing will go into effect, as part of HB 1284. Hundreds of marijuana centers have already applied for permits in CO Springs.

According to a city spokesperson, Colorado Springs has received applications for 130 permits for "medical marijuana centers," 143 permit applications for "optional premises cultivation," and 45 applications for "infused product distribution." An optional premises cultivation permit would allow a dispensary to grow the drug at a separate location from their store. An infused product license allows the owner to make marijuana-infused tea, candies and other edibles for sale.

The statewide, year-long time-out is intended to give county officials time to assess the impacts of the operations and recommend regulations.

The new law imposes statewide regulations on the industry, including rules for the estimated 1,100 pot dispensaries across Colorado.

Regulators expect only about half of the existing dispensaries to be able to continue operating under the rules.

Colorado voters in 2000 approved the medical use of marijuana.

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