Colorado’s Marijuana Experiment Ruled a Success
August 8th, 2014
Policy, Top News
Colorado’s legalization of recreational marijuana has been largely successful, according to a report by the Brookings Institute, an independent, nonprofit think tank based in Washington D.C. The report attributed Amendment 64’s success to efforts made by Governor John Hickenlooper, who went from an outspoken opponent to a politician determined to implement the amendment properly.
“The state government has met the most basic standard of success: It has done what Amendment 64 instructed it to do,” wrote John Hudak in the report. “Colorado has effectively created regulatory and administrative apparatuses that facilitate the legal retail marijuana market.”
The report also attributed the successful rollout to (1) the seed-to-sale tracking system that attempts to monitor every plant in every cultivation facility using barcodes, (2) vertical integration that effectively limits the industry’s size, (4) surveillance requirements to monitor industry facilities, (5) limits on the quantities purchased, and (6) using taxation to fund enforcement and public works.
Of course, there are also many problems within the industry that the report noted as cons of legalization. A randomized testing of candy bars labeled as having 100mg of THC were found to have anywhere from 150mg to less than 0.5mg. By having more THC than the label suggests, users could potentially over consume the products, even when they are following the label very closely.
The report concludes that the legalization efforts have been an overall positive for Colorado, despite some of the drawbacks along the way. In addition to serving as a blueprint for other states, the regulations could serve as a template for how good government rolls out or implements any major law or policy, ensuring that the law is properly implemented instead of putting personal agendas first.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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