Colorado

Jul 1, 2010 10:55 PM by Matt Stafford

Over one hurdle, on to the next

Thursday is the deadline for medical marijuana businesses to be up and operational by, which was set by, now signed, House Bill 1284.

Registrations had to be in Colorado Springs city offices Wednesday evening, by 5 p.m. 451 businesses are now in the books as well as $225,500 in the bank from the registration fees.

After the Colorado State Legislature passed H.B. 1284, the Colorado Springs City Council set a process for the businesses to register in May. They set up this pre-application process for the businesses, following the legislature's lead on most of the qualifications. Existing businesses had to certify purchase or rental of business space, provide an up-to-date sales tax license and pay a $500 application fee.

"I expected just over 200, just because people were going to be in a mad dash to pull these licenses, regardless of operating right now," says Mason Cathey, owner of a registered Colorado Springs Dispensary - Emerald City Wellness.

Cathey saw several entrepreneurs not make the deadline.

For the next year, no new businesses will be issued licenses. This gives a chance for legislators to tweak the rules.

In that time, some think the numbers we have now will go down.

"Competition is going to take its course," says Tanya Garduno, president of the Colorado Springs Medical Cannabis Council. "The laws of economics and business don't hide just because this is a new industry."

So there is no relaxing in this business climate, and that's not lost of Cathey. He may have done a lot of work to meet this deadline, but the job is far from over.

"Those that have made it through, congratulations, we've made it through one of the first big hurdles, but there's going to be plenty more to come so it's definitely going to keep thinning the pack," Cathey says.

Here are the numbers for businesses registered in Colorado Springs:
-176 Medical Marijuana Centers or storefront dispensaries
-204 Optional Premises or grow facilities for the Centers,
-71 Infused Products (produce infused products for Centers)

($225,500 generated by registrations)

»Comments

»Topics in this article

More News

Colorado
Story Photo

12 minutes ago

Falcon school fights to save student's life

FALCON- Aden Knar, a third grade student at Falcon Virtual Academy, is in need of a life-saving bone marrow transplant. His school, Falcon Virtual Academy, will host a bone marrow donor drive tomorrow to help find a match Aden. Knar, 10, was diagnosed at age 4 with acute lymphoblastic leukemia and entered remission in 2008. In November 2013, the Knar family learned that the leukemia had returned, and is now isolated in his bone marrow. In an outreach of support, Falcon Virtual Academy hosted a bone marrow donor drive in January, and will be hosting another tomorrow from 10 a.m. - 2 p.m. at 6113 Constitution Ave., directly west of Care and Share Food Bank for Southern Colorado. "We wanted to reach out to the family again," said Jodi Fletcher, assistant principal. Fletcher explained that more than 250 people participated in the January drive, and she hopes to have similar numbers April 19. The money from a bake sale at the drive, and a portion of the proceeds raised from a spring formal...

Most Popular

Top Videos

1 2 3 4