Skip to main content

Medical Marijuana Regulations Colorado Getting too Tight



In Colorado, Laws and regulations on medical marijuana are tighter than ever, forcing many dispensary owners out of business. While the use of marijuana is legal in Colorado for registered medical marijuana patients, some of the strictest marijuana regulations and laws in the U.S. are currently in place in Colorado, not allowing much room for growth in the state's medicinal marijuana industry.

Recently, Colorado officials announced medical marijuana account holders were losing their only existing partner in banking, The Colorado Springs State Bank. Licensed medical marijuana account holders have until the end of September to close their accounts, leaving many in a panic of what to do. Other banks in the past have refused the business of medical marijuana account holders because marijuana is illegal under federal law. In an effort to keep it consistent across the board, The Colorado Springs State Bank has finally determined that marijuana account holders are doing something considered illegal to the federal government, and therefore they should not continue doing business with companies who are participating in these activities. For medical marijuana account owners, there are no other Colorado banks willing to provide a business bank account for dispensaries, definitely making it more difficult for Coloradans to maintain a successful career in the marijuana industry.

Perhaps a greater problem now exists for Colorado officials enforcing these laws. With no banks in agreement, licensed medical marijuana account holders are unable to hold bank accounts and therefore have to turn to cash only if they want to see their business (and likely only source of income) survive. With a cash only system, accounting and tracking of the medicinal cannabis being dispensed is highly likely to be inaccurate, as opposed to the past electronic banking systems linked with customer’s personal information. Now that medical marijuana dispensary owners in Colorado have to follow new banking regulations, it will be difficult for them to follow previously installed regulations set by the state government that set standarts and requirements for accounting and recording in the medical marijuana industry.

In addition, a cash system makes the MMJ business more dangerous and nerve-wracking for Colorado marijuana dispensary owners and medical marijuana patients alike. With so much cash at each shop, being exchanged for meds, the desire for criminal activity at pot shops increases. Medical marijuana business owners will have to adjust to a cash only system, ensuring safety measurements are in place. Efforts are being made to reduce the amount of regulations involving the growing, buying, selling and dispensing of marijuana used for medical purposes. For patients who are suffering from terminal illness, cancer or other untreatable sicknesses, marijuana is a reasonable treatment, yet regulations are making it harder for dispensary owners to sell the marijuana to those who really need it. With laws and regulations that are continuously changing, medical marijuana account holders have to work harder to understand these updates and ensure their business is staying in compliance with the laws. All in all, marijuana regulations in Colorado are making it much harder for dispensary owners to stay in business and provide a needed service to registered medical marijuana patients.

Comments

Popular posts from this blog

Where to Buy Recreational Marijuana | Colorado Retail Dispensaries

Colorado Recreational Marijuana Dispensaries As of January 1st, 2014, the sale of recreational marijuana to anyone 21 and above is legal in Colorado.  Now that recreational marijuana is legal in Colorado, a handful of medical marijuana (MMJ) dispensaries now sell recreational pot to Colorado residents that don't have a MMJ license (AKA Red Card).

 Even though it's legal under state law to buy recreational marijuana in Colorado without a MMJ card, a number of cities have voted to ban the sale of recreational marijuana. Below is a list of Colorado cities that have bans on recreational marijuana dispensaries.



Recreational Dispensaries in Colorado If you're coming to Colorado from out of town to experience the legal weed scene you're not alone. Thousands are flocking to the state to buy weed at one of the hundreds of recreational marijuana shops now open for business in the state. The map below should be useful for marijuana tourists traveling to Colorado. It pinpoin…

Where to Buy Marijuana Hydroponic Growing Supplies in Colorado

Finding a Colorado Marijuana Grow Equipment Supplier Previous articles discussed the potential benefits of Colorado medical marijuana patients growing their own cannabis to use for medicinal purposes.  The amount of marijuana a MMJ patient can grow for their own medicinal use varies by state.  In Colorado patients can grow up to 6 plants.  Hence, by growing your own marijuana, medical marijuana patients in Colorado can save a good deal of money on meds.  Not to mention, growing weed for your own medicinal use can be a rewarding hobby or pastime.  To grow good medical marijuana you need the all the right growing supplies and equipment.  These days most marijuana grown in Colorado is grown indoors using hydroponic grow systems.

CLICK HERE FOR THE BEST DEALS ON ALL HYDOROPOINIC GROW SUPPLIES
Where to get a complete hydro setups in Colorado?
Complete hydroponic setups can carry a high price tag, however, overtime this cost is often offset by the savings achieved from growing your own wee…

Double Diesel Medical Marijuana Strain Review

Double Diesel Medical Marijuana Strain Review

Not many cannabis strain varieties are as well received by MMJ patients, dispensaries, collectives, caregivers, growers, cultivators and breeders as the Diesel line of marijuana stains, and for good reason.  Among the Diesel line marijuana strains are some of the most popular and sought after medical marijuana strains, including Bio-Diesel, Double Strawberry Diesel, Grapefruit Diesel, Hawaiian Diesel, NYC Diesel, and Sour Diesel, to name just a few.  In company with the rest of the Diesel family of cannabis strains, Double Diesel ranks as a quality, high-grade medical marijuana strain.
Double Diesel Strain Info Double Diesel Overall Rating: B+ Double Diesel Strain Cannabis Type: Sativa dominant Double Diesel Marijuana Effects: Mentally relaxing, feel-good high Double Diesel Strain Scent: Pleasant, fresh skunk, fruity odor Double Diesel Indoor Flowering Time: 8 to 9 weeks Double Diesel Outdoor Harvest: Late October Double Diesel Strain Yield…

Follow our feed for MJ reviews + cannabusiness reviews!

Subscribe via email

Enter your email address:

Delivered by FeedBurner