The market for legal recreational marijuana in Colorado is booming, and the state is expecting millions of dollars more in tax revenues that initially projected. That has lawmakers grappling with the best way to spend all of that additional cash.
The Lodo Wellness Center in Denver has been selling medical marijuana for several years. But since Jan. 1, when marijuana in Colorado officially moved from underground to behind the counter, the center has also been selling legal, recreational pot.
A majority of Americans now say they support full legalization, and the trend is spreading to other states.
Meanwhile, the public health community is warning of a potential safety problem: more people driving while stoned. But health officials and law enforcement don't yet have the data or the tools to address the concern.
If there's a merit badge for business savvy, 13-year-old Girl Scout Danielle Lei might well deserve one.
Danielle, who set up her table of Girl Scout cookies outside The Green Cross medical marijuana dispensary in San Francisco earlier this week, sold a whopping 117 boxes in a single day. She appears to have tapped into a niche market fueled by the drug's well-known propensity to stimulate appetite.
Financial instutitions have been reluctant to open accounts with marijuana businesses for fear of racketeering or money laundering charges. That could change soon.
Credit Luke Runyon / KUNC and Harvest Public Media
The “Cash Only” signs that are ubiquitous in Colorado’s marijuana businesses, medicinal or recreational, could soon be on the way out. Attorney General Eric Holder says the U.S. Department of Justice will soon issue guidelines meant to put skittish financial institutions at ease about dealing in the burgeoning marijuana industry.