So far, so good. That’s the general consensus from cannabis activists on Colorado’s pioneering venture into legal recreational sales, but a number of challenges loom for medical marijuana patients and the burgeoning retail industry.

With all eyes on this national litmus test for legal adult access that began in January, several areas of concern including the recreational market’s effect on medical users and quality control issues have drawn the attention of advocacy bulwarks.

“It would appear that overall the legalization of retail cannabis for the general public has been a success in almost every measurable way,” said Allen St. Pierre, executive director of the National Organization for the Reform of Marijuana Laws. “It seems like an extremely successful launch and it really is helping other states, and for that matter countries, understand how they too can end cannabis prohibition and begin a tax-and-control policy.”

Morgan Fox of the Washington, D.C.-based Marijuana Policy Project agreed, adding “Colorado is proving that marijuana can be regulated like any other legal substance, and that doing so is far better than punishing adults for using a substance safer than alcohol and allowing the market to be controlled by criminals.”

The medical marijuana community is especially watching Colorado closely to gauge possible negatives for patients in a two-tiered distribution system.

“What makes an adult-use law either beneficial, neutral or detrimental to patients has yet to really become crystal clear,” said Kris Hermes of Americans for Safe Access.

He noted three main areas of concern for medical users – “quality, consistency and safety” – as new recreational markets impact overall cannabis production in a particular area.

Regarding quality, strains that are appealing to the recreational market may not suit patients partial to “strains that have a positive therapeutic effect” but lack the psychotropic high desired by recreational users, according to Hermes.

“There are also consistency issues,” he continued. “Patients want to make sure that if they find a strain that works for them, they can continue to obtain it on a regular basis.”

Hermes also surmised that recreational users may care less than medical patients “that a product is free of adulterants or contaminants,” leading to health and safety concerns.

With projections to the tune of $1 billion in revenue by the end of the year, optimism is a prevailing sentiment throughout the Colorado cannabis industry.

“I’m sure when other states see that it’s a consistent thing, maybe a year or two, they’re going to jump on the bandwagon,” said Sasha Saghbazarian from the Caregivers for Life dispensary in Denver. “Judging based on how many people drive from other states just to come to Colorado to get legal weed, soon they’ll realize ‘wow, we could do this in our state and keep the profit for ourselves.'”

Fox from the Marijuana Policy Project also noted the precedent being set right now in Colorado as the wave of U.S. states that enact legalization measures continues to gain momentum.

“Businesses, regulators and consumers are learning from this process and are already making huge improvements in the ways marijuana is processed, packaged, sold and consumed,” he said. “As other states reform their marijuana laws, they will be able to learn from what Colorado is going through now. This type of development and refinement just isn’t possible in the illicit market.”

Photo Credit: DocMonsterEyes

Author: Joe Taglieri


Do you own a cannabis industry business? Create a listing in our directory and get discovered by new clients - Click Here

| Categories: Cannabis Business News Recreational Cannabis News

Learn about cannabis businesses:

View the directory | Get featured here

  • Denali Accountants

    We offer a complete bookkeeping and accountancy service to self-employed individuals and small businesses. We have been providing these services for 30 years and have built up a strong client base of small businesses. We understand your needs and deliver a personal service catering to the specific needs of your business. We are diamond QuickBooks Pro advisors!

  • Smokin’ Hot Solutions

    Smokin’ Hot Solutions was started seven years ago by three entrepreneurs from Philadelphia. From various entrepreneurial backgrounds, we came together with one cohesive goal; to build a cannabis marketing agency with an innovative and thoughtful approach. At a time when there were few specialty cannabis marketing agencies, and few willing to take the risk, we seized the opportunity. We cemented ourselves as the go-to agency for digital marketing in the cannabis industry.

  • CannaSafe Solutions

    CannaSafe Solutions is the one-stop-shop for all the safety needs of your cannabis growhouse, dispensary, lab, or edibles manufacturing facility. We provide all of the safety equipment and apparel you need to protect your employees, your plants, and your business.

  • Green Fields Accounting

    We have a full bookkeeping service to help you keep your financial statements compliant. We are also experts in taxation. We keep informed of all the latest industry tax changes. We are also Enrolled Agents who are experts in defending our clients in audits with the IRS. We can also help with sales and excise taxes applicable to your business. We will make sure you understand Form 8300 and take care of the e-filing of this form.

  • NisonCo

    Through access to an unmatched network of cannabis industry leaders, reporters, reviewers, and social media influencers, NisonCo can get and keep your company in the news. We have developed over 2,800 active relationships with reporters and reviewers who cover cannabis from nearly every major outlet across the country. Our team of over 15 employees is passionate about maintaining a positive image for the industry and our hyper-attentive approach generates fast results.

  • Hardcar

    HARDCAR is a world class asset protection and armored transportation company From ground breaking cybersecurity to robotics and custom built solutions to meet customer demand we believe in real customer satisfaction not lip service.

  • New Approach Bookkeeping LLC

    New Approach Bookkeeping provides cannabis companies with their day-to-day, monthly, quarterly, and yearly financials. Our services include full cycle bookkeeping, HR business consulting, cash management, and payroll services for the cannabis industry. We have over 3 years experience and understand the 280e publication and how it affects all entities of the cannabis industry.

  • IndicaOnline

    IndicaOnline is the most trusted Point-of-Sale software in the Medical Marijuana Industry across the U.S. and Canada. Founded in 2010, IndicaOnline combines an intuitive iPad POS software, a user-friendly interface, and an all-in-one hardware unit to accommodate every aspect of a medical marijuana business.

  • Releaf App

    The Dispensary Partnership Program uses data collected from patients, via Releaf App, to provide business analytics to dispensaries (USA) and licensed producers (Canada). This data service is creating a new class of dispensaries that are driven outcomes and patient results. The dispensary partnership program shows symptom-specific patient ratings & analytics for the specific cannabis batches and products in a dispensary’s inventory. Dispensaries use this information to give more informed recommendations at the counter.

  • PayQwick, Inc.

    PayQwick’s mission is to bring well-established, proven payment processing, regulatory compliance and banking services to the licensed recreational and medical marijuana industries, thereby reducing the risk of violent crime, illegal money laundering and violation of state marijuana regulations. PayQwick serves state licensed Producers, Processors, Wholesalers, Distributors, Dispensaries and Retailers.

  • CORE Security Solutions

    CORE Security Solutions, Inc. provides security services to a wide array of clients, including the rapidly growing cannabis industry. We are fully licensed and insured by the California Bureau of Security and Investigative Services (BSIS). We currently provide security services to several local cannabis dispensaries in the Bay Area and secure transport and delivery services for cannabis products and proceeds throughout California. Our security specialists are all licensed and our transport vehicles are equipped with secure storage and GPS tracking.

  • HappyChap Creative

    An upstart design/build/create/help/strategize agency based in the Pacific Northwest. We help good people & companies get the recognition they deserve through clever, honest communication and the right look. We love working with cannabis brands who set a high bar for quality and who emphasize the positive impact that cannabis legalization will have on the world.

Want a job in the cannabis industry?

Sign up to apply for unlimited jobs and get discovered by companies who are hiring

Post Your Resume View all jobs

Best vacancies

June 18, 2018

Subscribe for daily cannabis news, announcements, and business insights.

у нас

viagra sin receta