Thornton Has Had a Change of Mind in Regards to Retail Cannabis

Thornton Has Had a Change of Mind in Regards to Retail Cannabis

When marijuana was legalized for retail/recreational purposes in the state of Colorado in 2012, cities and counties had the ability to restrict the retail market from existing within their borders. Many cities decided to do just that. Thornton, the state’s 6th largest city right out said no to all retail cannabis related businesses. 4 years later, though, they are starting to see what they are missing out on. A recent 5-4 vote by the Thornton City Council will change that moving forward. Starting Sept. 1st the city will start accepting applications from individuals who wish to open a dispensary in the city.
The change will allow for 4 retail marijuana dispensaries to open within the city limits, which is one in each quadrant. During the city council meeting where the vote took place, there were many opponents who did not like the idea of retail marijuana stores opening up shop in their cities. Many of these prohibitionists stated things such as it would “increase youth consumption.” I’m not sure where they are getting their information but since cannabis was legalized in the state, consumption by young adults and youth has decreased.
There are strict regulations surrounding where the dispensaries will be able to open specifically including but not limited to the following;
-At least 1,000 feet away from schools
-No less than 500 feet away from day care centers
-No less than 500 feet away from drug treatment centers
Applicants wishing to open a dispensary in the city will be graded on a point system much like potential applicants are vetted in Aurora.
The changes voted on by the council also pave the way to allow for marijuana testing facilities down the road. They will not, however, be allowing for cultivation facilities or infused-product makers.
Once sales begin the city stands to make some big bucks that will go to benefit the city as well as the communities of residents that live there. Estimates show that the city could stand to make anywhere between $1.5 million and $2.5 million annually from the taxes they will collect on retail marijuana sales. Can you imagine what $1.5 million could do for a city? This is the exact question that got the gears in the minds of many of the city council members turning in the direction of supporting retail sales in the city. While it may sound sad that money was the driving factor, just think about how much the city will gain from this decision!
image: Ed Andrieski, The Associated Press

Great Interest Is Being Shown In Oregon Retail Marijuana Market

Great Interest is Being Shown in Oregon's Retail Marijuana Market

In 2014 voters in the state of Oregon voted yes on measure 91 to legalize recreational marijuana for individuals over the age of 21. With an existing medical marijuana program already in place, medical marijuana dispensaries were able to open their doors for retail sales on on October 1st, 2015. The move to allow medical marijuana dispensaries to cater to retail consumers was taken to allow time for the Oregon Liquor Control Commission, which oversees the recreational market in the state, to properly implement a retail industry. Retail marijuana dispensaries are set to open their doors on October 1st of 2016.
Over the last few months, the Oregon Liquor Control Commission has received over 1,300 recreational cannabis related business applications. At this time Oregon has not implemented a cap on how many recreational facilities can be implemented in the state. So far they have approved almost 200 licenses with the majority of them being granted to cultivators. Many applications have been delayed as they have either been incomplete or there has been questionable logistics surrounding applications for outdoor cultivation.
With the process of approval taking between 45 and 60 days any medical marijuana dispensaries that are hoping to transition into the recreational market are urged to get their applications submitted immediately as they only have until the end of the year. On October 1st of 2015 when medical marijuana dispensaries were allowed to open their doors for retail consumers no taxes were being applied to recreational sales. This did, however, change on January 1st when Oregon implemented a 25% sales tax on all retail cannabis sells. This retail cannabis tax is expected to decrease to 17% once the Oregon Liquor Control Commission takes control over retail sales this fall.
Oregon offers many benefits for retail cannabis consumers. Unlike many other states where cannabis is legal for recreational purposes, Oregon offers cannabis social clubs where cannabis consumers can socialize with like-minded individuals. This is not something you currently see in states such as Colorado, which pioneered recreational cannabis legalization in the United States. If you are a resident of the state you are allowed to cultivate a small number of cannabis plants for personal use which is something that is not legal next door in Washington state. Oregon also offers many spectacular natural landscapes including mountains and oceans which are loved by individuals throughout the cannabis community.
If you are looking to move to a state where you can blaze and not worry about going to jail or if you are looking to open a retail cannabis business, Oregon would be a great place to check out as the market is set to grow expeditiously in the state in the coming years.
image credit: BigStock