Colorado Takes Preemptive Action Against Impending Federal Marijuana Crackdown

Marijuana states such as Colorado, who are worried about a federal crackdown with the advent of the Trump administration, may have a new strategy to fend off the law--a bill in the state legislature to allow licensed recreational pot growers to instantly re-clasify their weed as medical pot in case there is a change in federal la or enforcement.
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An ultraviolet growth light illuminates a marijuana plant in a grow room at the 3D Dispensary in Denver. (AP/David Zalubowski, file)http://www.mintpressnews.com/wp-content/uploads/2017/03/Marijuana-Evading-a-C_Muha-300x169.jpg 300w, http://www.mintpressnews.com/wp-content/uploads/2017/03/Marijuana-Evading-a-C_Muha-768x432.jpg 768w, http://www.mintpressnews.com/wp-content/uploads/2017/03/Marijuana-Evading-a-C_Muha-800x451.jpg 800w" sizes="(max-width: 1600px) 100vw, 1600px" height="901" width="1600">

An ultraviolet growth light illuminates a marijuana plant in a grow room at the 3D Dispensary in Denver. (AP/David Zalubowski, file)

DENVER  — Colorado is considering an unusual strategy to protect its nascent marijuana industry from a potential federal crackdown, even at the expense of hundreds of millions of dollars in tax collections.

A bill pending in the Legislature would allow pot growers and retailers to reclassify their recreational pot as medical pot if a change in federal law or enforcement occurs.

It’s the boldest attempt yet by a U.S. marijuana state to avoid federal intervention in its weed market.

The bill would allow Colorado’s 500 or so licensed recreational pot growers to instantly reclassify their weed. A switch would cost the state more than $100 million a year because Colorado taxes medical pot much more lightly than recreational weed — 2.9 percent versus 17.9 percent.

The measure says licensed growers could immediately become medical licensees “based on a business need due to a change in local, state or federal law or enforcement policy.”

http://www.mintpressnews.com/colorado-takes-preemptive-action-against-impending-federal-marijuana-crackdown/226394/

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