How One Colorado County Is Using Its Pot Profits

Date:

Once a month, Anita Garcia meets individually with the marijuana retailers of Colorado’s Pueblo County to collect the local taxes from the booming, new legalized drug business.

The first-ever marijuana licensing specialist for the county, located south of Denver, books a courthouse conference room for the legal transaction, which is monitored by a security guard and her supervisor.

“It’s pretty simple,” said Garcia about the formal get-togethers. “The longest part is counting [the cash]… If they’re coming in with $20 bills that can take a while.”

Most retailers show up with wads of cash, a quirk of the budding trade because banks won’t open accounts for them. They fear prosecution since selling pot is still a federal crime even as some states begin to decriminalize it.

Read full article here.

Amber Hildebrandt – CBC News – Apr 20, 2014.

Want More Investigative Content?

Curate RegWatch
Curate RegWatchhttps://regulatorwatch.com
In addition to our original coverage, RegWatch curates top stories on issues and impacts arising from the regulation of economic, social and environmental activity in Canada and the U.S.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MORE VAPING

Real Threat | Health Minister Unravels Canada’s Tobacco Strategy | RegWatch

Canadian Federal Health Minister Mark Holland is launching a crusade against safer nicotine products, driven by the uncompromising stance of non-profit health groups vehemently...