what age do you have to be to buy weed in colorado

  • Pot possession nonetheless against federal law.
  • You need to be over the age of 21 to buy pot.
  • Yous take to purchase pot from a licensed retail dispensary.

Nosotros're only a few days into the New Yr, but i matter can exist said with a high caste of certainty: 2014 will go down in history books as the twelvemonth that marijuana began its official nationwide trek toward legality.

Employees David Marlow, right, and Chris Broussard work behind sales counter inside Medicine Man marijuana retail store, which opened as a legal recreational retail outlet in Denver on Wednesday Jan. 1, 2014.

As you read this, lines accept formed at hundreds of marijuana dispensaries throughout Colorado, which, along with Washington, became the start states on Wed to allow the auction of cannabis for recreational employ. Smoking a articulation is now legally indistinguishable from drinking a beer in these ii states -- absent, of course, federal police force.

For those of you that have decided to partake in this watershed effect -- for improve or for worse -- here is a list of ix things that you should know before lighting up in Colorado.

1. Is marijuana really legal in Colorado?

The reply to this is both yes and no. From a state law standpoint, information technology is at present legal to purchase, possess, and consume marijuana for recreational use in Colorado. From a federal standpoint, still, all of these activities are nevertheless illegal, equally cannabis remains a Schedule 1 drug (meaning that it has "no currently accepted medical employ and a high potential for corruption").

The good news (at least for those of yous interested in partaking in this newfound liberty) is that the federal government isn't likely to get involved. In August, the U.S. Department of Justice published the so-called Cole memorandum (link opens PDF), laying out eight "enforcement priorities," across which it will defer to state and local law enforcement agencies to "address marijuana enforcement of their own narcotics laws."

As a result, so long equally you don't distribute it to minors, send it across land lines, drive while under the influence, possess it on federal holding, or run afoul of the other priorities laid out in the Cole memorandum, then it seems safe to assume that adherence to Colorado's laws (covered below) will likely shield you from legal problems.

2. Who can buy weed in Colorado?

Starting January. i, everyone over the historic period of 21 (with a valid government-issued photo identification) can walk into a licensed dispensary and buy marijuana.

3. Where can y'all buy it?

Just licensed retail dispensaries are allowed to sell marijuana in Colorado. Fear not, nonetheless, every bit there are a growing number of these beyond the land.

According to recent figures, the Marijuana Enforcement Division, the governmental agency tasked with regulating the industry, has issued 136 recreational licenses to retail stores throughout the land.

The official list of qualified retail locations is available here (link opens PDF). Additionally,here is a map of the both medical and recreational dispensaries throughout Colorado.

four. How much tin you buy?

This depends on whether or non you're a Colorado resident.

If you are, and then y'all can buy upwards to an ounce per visit for recreational use -- the limit is 2 ounces for holders of a medical marijuana card. If y'all aren't, and so you're limited to a quarter of an ounce per visit.

Given that you lot could make multiple visits in a single day, in turn, the more pertinent question concerns how much you can legally possess. The answer to this question is i ounce.

v. How much does marijuana cost in Colorado?

This is likely to modify effectually the turn of the year equally the new recreational laws take result. If demand soars equally some are predicting, then the price will likely rocket higher due to limited supply.

Either way, initial estimates advise that recreational marijuana will get-go out selling for between $50 and $threescore per 8th of an ounce later on taxes. By comparison, considering medical marijuana isn't subject to the same 25% in additional excise and sales taxes, it will probable sell for a considerable disbelieve to recreational cannabis.

6. Where tin can you lot fume it?

As a full general rule, you're allowed to consume marijuana on private, but not public, holding. Beyond that, it's upward to local municipalities to dictate consumption rules.

In Denver, for instance, marijuana can be consumed on private holding so long as the use isn't done "openly or publicly." This precludes public transportation, schools, sporting venues, parks, playgrounds, sidewalks, and roads, amidst other places.

7. Can you also grow it yourself?

Yeah. Developed residents of Colorado are allowed to grow up to six plants in their home. Still, no more than three can be in the flowering stage at any once, and there can be no more than 12 plants at a single residence, regardless of the number of occupants.

8. What'southward in information technology for Colorado?

The curt reply is: tax acquirement. In the most recent financial year, Colorado generated $9.1 one thousand thousand in retail sales revenue enhancement from the sale of medical marijuana. This effigy is bound to surge with the introduction of recreational sales and the additional 25% in excise and sales taxes thereon in 2014.

Beyond this, the industry generates millions of dollars every year for the state from licensing and application fees. To utilize for and obtain a license to run a medical marijuana facility serving more than than 500 patients, for instance, the necessary application and license fees lone approach $40,000.

9. Where does all of the legal weed come from?

Nether the current laws of Colorado, all of the marijuana sold in the state must be grown there as well -- this, as a side note, follows similarly from the federal proscription on interstate distribution of controlled substances. As a result, there'southward a growing industry of marijuana farmers that's sprouted upward throughout the state.

While the size of each operation varies -- ranging from a few hundred to tens of thousands of square anxiety -- the simply thing they all accept in common is growth. "We tin can't abound the stuff fast enough to sell it," a local cannabis cultivator told me during a tour of his facilities.

The Foolish lesser line

At this point, whether you agree or disagree with the conclusion in Colorado and Washington to legalize the auction and consumption of marijuana for recreational employ, the 1 thing that seems certain is that this trend has only but begun.

"The only affair more addictive than illegal drugs is taxation revenue," John Paul Maxfield, a Denver resident and the founder of Waste Farmers, told me.

The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their fiscal lives. Its content is produced independently of USA TODAY.

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Source: https://www.usatoday.com/story/money/personalfinance/2014/01/03/what-to-know-about-pot-in-colorado/4302507/

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