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Marijuana Industry To Add New, Diverse Ownership Thanks To Recent State, Local Laws

KUNC
Michael Diaz-Rivera has a social equity license and a transporter license from the state and city of Aurora. He will start a marijuana delivery business as soon as he receives the permit.
Marijuana is one of the fastest growing industries in Colorado. Since the state’s legal market started in January of 2014, medical and retail sales have topped $10 billion. Despite this huge revenue, many people of color have been unable to stake their claim within the industry and start a business. But recent state and local legislation aim to change that.
Michael Diaz-Rivera’s marijuana story begins about 16 years ago during an encounter with the police. It was nighttime and he was driving around Colorado Springs with some friends. ....

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Colorado Bill Could Doom Legal Marijuana Industry If Passed

A bill floating around the Colorado Legislature would doom the state s marijuana industry if it passed. And while the chances of that bill passing are slim it hasn t even been introduced its mere existence could signal the start of a battle over the potency of commercial pot products.
The bill, drafted by state Representative Yadira Caraveo, would ban any form of legal marijuana, recreational or medical, testing over 15 percent THC. It also calls for a number of restrictions to the state s medical marijuana program, including a requirement that medical marijuana patients only be allowed to purchase a pre-designated dosage and allotment of certain products decided by a physician, similar to a drug prescription. ....

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