Liquor board adopts final rules for legal pot industry
Action by the three-member board comes less than a year after voters approved Initiative 502 to make it legal for adults to grow, sell and smoke marijuana. Colorado is also in the process of establishing a recreational marijuana market as a result of a successful ballot measure.
From a press release issued today:
"The rules achieve the Board's stated goal of implementing a tightly regulated and controlled recreational marijuana market. They also align with the Department of Justice's stated areas of concern by addressing out-of-state diversion of product, traceability of product from start to sale, youth access and other public and consumer safety concerns."
Starting Nov. 18, the state agency will accept applications for licenses for producers, processors and retailers. Applications will be accepted for 30 days.
Meanwhile, many cities and counties are developing their own rules to figure where retail stores and growing operations can take place.
Information about the licensing process can be found on the agency website.
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