Leveling the Playing Field: New Developments in Colorado Marijuana Investment
By Garrett Graf, Hoban Law Group
Coming early 2019, the window for opportunity to invest in Colorado’s marijuana industry may be forced wide open. That is, if Governor Hickenlooper does not exercise his veto power first.
Ever since Colorado first regulated marijuana years ago, regulators approached requirements for owners rather restrictively, at first allowing only 2-year Colorado residents to qualify; but, intrastate resources can only build this industry so much. In 2016, recognizing both the demand and need for additional investment to fuel the growth of this budding industry, Colorado’s legislature enacted Senate Bill 40 (SB 40). SB 40 sought to relax the minimum requirements for qualification for ownership as well as providing for other meaningful pathways to a variety of business relationships with marijuana businesses not previously authorized.
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