News

Statement on the Passage of SB23-271 Regarding Regulation of Intoxicating Hemp-derived Cannabinoids

Colorado Leads released the following statement on SB23-271 regarding “Intoxicating Cannabinoid Hemp and Marijuana.” The bill prohibits intoxicating hemp-derived products from the Colorado market and clarifies that only marijuana and marijuana-derived products can be intoxicating. It allows for some hemp products to contain THC, with limits on potency, package size, and sales, which will be regulated by the Colorado Department of Public Health and Environment.

Statement from Chuck Smith, president of the board of directors for Colorado Leads:

“SB23-271 is a product of the stakeholder engagement process that characterizes Colorado’s cannabis policymaking process and has been critical to its success. It prohibits products that are potentially dangerous, while allowing for continued research and development of hemp-derived cannabinoids and products. Most importantly, it prioritizes product safety and regulatory compliance, which are cornerstones of the regulated cannabis industry. Creating a clear line between intoxicating and non-intoxicating products will ensure consumers know what they’re getting and how it will affect them. It will also prevent people under the age of 21 from accessing products with potentially intoxicating levels of THC.

“The regulation of intoxicating hemp-derived cannabinoids is a major policy issue that many states will be grappling with for years to come. By passing SB23-271, Colorado has once again established itself as a national leader on the complex issues facing the legal cannabis industry. In addition to setting an example for other states, it will help drive forward important conversations taking place at the federal level.”

Did you know Polis prints his business cards on hemp paper?

Colorado Gov. Jared Polis Polis outlined his plan for making hemp an agricultural mainstay in Colorado. Currently, 62,000 acres are allotted for hemp farming, which Polis wants to increase by 20 percent next year by speeding up registration procedures for farmers.

Read Westword Article »

Colorado Kicks Butt

Colorado Department of Agriculture Director Kate Greenberg lays out the many ways she believes our state is leading the way in hemp.

“Basically, we kick butt. We had one of the first hemp programs in the country, and there’s still only a few across the country. Folks are racing post-2018 Farm Bill to set something up, but we are five years ahead of the curve, having our own hemp program.” 

Read the full interview here »

Bulletins from the Beltway 

Free from the Feds? 

Oregon Sen. Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act  that would deschedule marijuana by removing it from the Controlled Substances Act (CSA), establish a federal excise tax on legal sales and create a system of permits for businesses to engage in cannabis commerce. This would allow states to establish their own cannabis regulations free from federal interference. 

Wyden also introduced another piece of legislation exempting state-legal cannabis businesses from what is known as 280(E), which prevents them from taking normal business tax deductions that are available to operators in other industries. Co-sponsors include Colorado’s senior U.S. Sen. Michael Bennet.

Forbes Article »


From “unalterably opposed” to legalization to “I’m all in” 

Former U.S. House Speaker John Boehner announced a new, industry-funded group to lobby for marijuana reform in banking, taxes and research in an effort to overhaul federal cannabis policy.

Marijuana Business Daily Article »


Riding the hemp wave

The USDA is now working to implement plans for increased hemp research and provision of oversight to state plans for growing hemp. As the USDA makes laws clearer, CBD retailers will enter the U.S. market in a major wave.

Read More »

For a look at the growth of Colorado’s hemp industry:

Colorado Sun Article »

Headlines

Polis underscores support for cannabis initiatives with inaugural program

The new Colorado governor had his ceremonial schedule printed on hemp paper.

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Julian Castro supports state’s rights on cannabis

Presidential candidates says “growing evidence from Colorado and other states suggests we can sensibly legalize marijuana use with reasonable controls in place. State voters should have that power.”

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New Congress, new cannabis caucus

With Gov. Jared Polis’s departure from Congress, the caucus will be led by Rep. Earl Blumenauer, D-Oregon,  Rep. Barbara Lee, D-California, Rep. Dave Joyce, R-Ohio, and Rep. Don Young, R-Arkansas.

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Legal cannabis five years later

Retail cannabis sales are booming in Colorado, and so are the state coffers. But much of the bad predicted to accompany legal sales have not materialized. Alternet looks at five impacts the industry has had in Colorado.

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Yes, we’re in Colorado but “Florida Man” news is always entertaining 

A Florida man is in jail for trying to pay for his food at a McDonald’s drive-thru with a bag of marijuana.

More »