Jacob Bell
New Member
While Boulder has so far rejected about 34 percent of the applications for medical marijuana business licenses under its new rules for the industry, the state -- which has taken heat from medical pot businesses owners for its strict rules -- only has rejected around 10 percent.
"Boulder has the right to have more stringent standards," said Julie Postlethwait of the Colorado Department of Revenue's Medical Marijuana Enforcement Division.
Operators of medical marijuana businesses must be licensed by both the state and their local municipalities, if those local government have such regulations -- as Boulder does.
At the state level, out of 818 marijuana center applications, 738 are still viable, as are 289 of 321 infused product license applications and 1,117 of 1,237 cultivation licenses.
Postlethwait attributed the relatively high approval rate so far to the steep fees charged at the state level.
"These people know if they're going to make it, so while there are going to be a few who try, the majority didn't pay the fees (and got out of the business)," she said.
The state applications are waiting on visits from inspectors and verification of local approval, as well as some additional background checks.
Most of the problems so far have been related to financial arrangements, Postlethwait said. For example, any out-of-state investors have to have a strict lendor-debtor relationship and cannot hold stock or interest in a Colorado marijuana business.
Postlethwait said she expects the total number of licenses the state eventually issues will be lower, but some businesses that were denied for lack of local approval might be able to relocate and revive their state applications.
News Hawk- Jacob Ebel 420 MAGAZINE
Source: dailycamera.com
Author: Erica Meltzer
Contact: Contact Us
Copyright: Media News group
Website: State approval for marijuana dispensaries outpaces Boulder
"Boulder has the right to have more stringent standards," said Julie Postlethwait of the Colorado Department of Revenue's Medical Marijuana Enforcement Division.
Operators of medical marijuana businesses must be licensed by both the state and their local municipalities, if those local government have such regulations -- as Boulder does.
At the state level, out of 818 marijuana center applications, 738 are still viable, as are 289 of 321 infused product license applications and 1,117 of 1,237 cultivation licenses.
Postlethwait attributed the relatively high approval rate so far to the steep fees charged at the state level.
"These people know if they're going to make it, so while there are going to be a few who try, the majority didn't pay the fees (and got out of the business)," she said.
The state applications are waiting on visits from inspectors and verification of local approval, as well as some additional background checks.
Most of the problems so far have been related to financial arrangements, Postlethwait said. For example, any out-of-state investors have to have a strict lendor-debtor relationship and cannot hold stock or interest in a Colorado marijuana business.
Postlethwait said she expects the total number of licenses the state eventually issues will be lower, but some businesses that were denied for lack of local approval might be able to relocate and revive their state applications.
News Hawk- Jacob Ebel 420 MAGAZINE
Source: dailycamera.com
Author: Erica Meltzer
Contact: Contact Us
Copyright: Media News group
Website: State approval for marijuana dispensaries outpaces Boulder
