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It's the boldest attempt yet by a U.S. marijuana state to avoid federal intervention in its weed market.
The bill would allow Colorado's 500 or so licensed recreational pot growers to instantly reclassify their weed. A switch would cost the state more than $100 million a year because Colorado taxes medical pot much more lightly than recreational weed -- 2.9 percent versus 17.9 percent.
The measure says licensed growers could immediately become medical licensees "based on a business need due to a change in local, state or federal law or enforcement policy."
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The gov't wants you to smoke, so don't (AP). |
The provision is getting a lot of attention in the marijuana industry following recent comments from members of President Donald Trump's administration.
White House spokesman Sean Spicer has said there's a "big difference" between medical and recreational pot. More
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