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As a Decade of Legalization Approaches, a Look Back at Colorado’s Marijuana Connection | Cannabis Business Executive – Cannabis and Marijuana industry news

Has it been almost ten years? The sky hasn’t fallen, and Taco Bell hasn’t yet won the fast-food wars. November 2022 will mark a decade since Colorado voters officially legalized recreational pot sales, yet our state’s relationship with cannabis has grown in dog years, going from a Wild West of unregulated weed sales in 2013…
The post As a Decade of Legalization Approaches, a Look Back at Colorado’s Marijuana Connection appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

Has it been almost ten years? The sky hasn’t fallen, and Taco Bell hasn’t yet won the fast-food wars.

November 2022 will mark a decade since Colorado voters officially legalized recreational pot sales, yet our state’s relationship with cannabis has grown in dog years, going from a Wild West of unregulated weed sales in 2013 to clearing $2.2 billion in taxable revenue in 2021. Colorado’s connection to cannabis extends much further back than a decade, however, and the state’s role in plant-based medicine reaches far beyond cannabis.

With 4/20 nearing, it seemed like a good time to look back, recalling lessons for how we could move forward. Here are ten stories that define Colorado’s connection to cannabis:

Colorado’s Real First in Marijuana

Over 85 years before Colorado legalized cannabis, the state was home to the country’s first arrests under the Marihuana Tax Act of 1937.

Considered the country’s first legislative act against cannabis, the Marihuana Tax Act placed a tax on the sale of cannabis and forced suppliers to register and record their sales. The $1 tax stamp applied to buyers and sellers for each transaction, but aimed to cut out recreational use. [Read more at Westword]

The post As a Decade of Legalization Approaches, a Look Back at Colorado’s Marijuana Connection appeared first on Cannabis Business Executive – Cannabis and Marijuana industry news.

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