Monday, September 24, 2012

What happens if Colorado legalizes cannabis?

The Colorado Independent:

If Amendment 64 passes, it will become almost immediately legal under Colorado law for adults to possess, grow, consume and give away up to an ounce of marijuana. It may take more than a year, however, before adults can purchase marijuana legally in a store.

A poll released in early September by Public Policy Polling shows the amendment continues to lead, currently by a 47-38 margin, with 15 percent still undecided. Passage could enable the state to increase tax revenues by $50 million a year or more while also potentially reducing law enforcement costs.

If the measure passes, the parts of the amendment related to individual behavior go into effect as soon as the governor signs a proclamation certifying the results of the election, which he is required to do within 30 days.

Sections related to the commercial cultivation and sale of marijuana would take effect incrementally but marijuana would be available for sale legally no sooner than late 2013 or early 2014.

Continue reading here.

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