Tuesday, June 19, 2012

Ballot Measures: Colorado

Proposed Initiative 30: Use and Regulation of Marijuana

This would provide an amendment to the state constitution that would allow individuals 21 years and older to consume or possess marijuana.  There would also be licensing of cultivation facilities, product managing facilities, testing facilities, and retail stores.  It permits local government to regulate or prohibit facilities.  It requires the general assembly to levy an excise tax on the wholesale of marijuana; the first $40 million annually by such a tax must be given to the public school capital construction assistance fund.  Finally, it requires the general assembly to enact legislation governing the cultivation, processing, and sale of industrial hemp.

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