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Thursday, February 6, 2014

Helpful Tips About Marijuana Shops in Colorado

On July 1, 2014, interested marijuana shop owners will be invited to apply for the retail license, without having been licensed previously as a medical provider. However, many prospects are unaware of the current laws and information in regards to the retail aspect of marijuana.

Here are a few things you should know about the marijuana retail industry.
  • Retail marijuana will have a 25% state tax--plus the usual state sales tax of 2.9%--easily making recreational pot one of the largest taxed consumer products in Colorado. (This could potentially lead to $67 million a year!)
  • It is illegal to possess or use marijuana under the age of 21. Fines and even jail time may be enforced.
  • You must be 21 years or older with a valid Colorado ID to purchase up to an ounce at a licensed store. Non-Colorado residents can buy a quarter ounce.
  • About 160 retailers are still seeking licenses statewide--only three dozen or so stores opened on January 1.
  • It is illegal to smoke pot in public, even inside marijuana shops.
  • Communities and counties still hold the right to restrict marijuana stores in their local jurisdiction and towns.
  • Independent retailers are allowed to grow their own plants (up to 6 in their home), but the batch must be enclosed and locked.

Do you need a medical/retail marijuana bond? We offer $5000 bonds, which is required in the state of Colorado. Let us help you write your bond with the best prices and quickest turnaround time!

Call 503-253-7330 for assistance with one of our friendly customer service representatives or visit our website at for your bond at the best rates!



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