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Colorado's marijuana regulators on Tuesday laid out how much it's going to cost to join the state's newly-legal pot business.
The Colorado Department of Revenue started three days of public hearings on Tuesday, to explain all the regulations to people who want to take part in Colorado's marijuana business. It's legal, but that doesn't mean it's going to be cheap.
Application fees run up to $5,000, officials said. Operational licenses would cost another $2,750 to $14,000. And those who want to sell both medical and recreational pot would have to pay twice as much.
The regulations become final on Oct. 15. Some in the marijuana industry want the Department to reduce fees for people selling both medical and recreational pot.
Retail marijuana sales begin in Colorado on Jan. 1, 2014.
News Hawk- Truth Seeker 420 MAGAZINE ®
Source: mynews3.com
Author: Associated Press
Contact: Contact News 3 Las Vegas - Las Vegas MyNews3 - KSNV
Website: Colorado's marijuana industry is legal, but not cheap - Las Vegas MyNews3 - KSNV
The Colorado Department of Revenue started three days of public hearings on Tuesday, to explain all the regulations to people who want to take part in Colorado's marijuana business. It's legal, but that doesn't mean it's going to be cheap.
Application fees run up to $5,000, officials said. Operational licenses would cost another $2,750 to $14,000. And those who want to sell both medical and recreational pot would have to pay twice as much.
The regulations become final on Oct. 15. Some in the marijuana industry want the Department to reduce fees for people selling both medical and recreational pot.
Retail marijuana sales begin in Colorado on Jan. 1, 2014.
News Hawk- Truth Seeker 420 MAGAZINE ®
Source: mynews3.com
Author: Associated Press
Contact: Contact News 3 Las Vegas - Las Vegas MyNews3 - KSNV
Website: Colorado's marijuana industry is legal, but not cheap - Las Vegas MyNews3 - KSNV
