Tuesday, January 28, 2014

Colorado Offers Potheads a Legal High

Bidness Etc - BIDNESS BYTES
Holidaymakers to the famed Aspen ski resort will be tempted to indulge in Colorado’s new attraction - legalized marijuana.
 Colorado started selling marijuana to recreational users on January 1, 2014, a day dubbed as ‘Green Wednesday’ by advocates. The historic day saw eager customers queuing up in long lines, waiting to make their first legal purchase of the psychoactive drug.

A Brand New Industry

Colorado’s decision to legalize the sale of marijuana to recreational users will create an industry that is expected to rake in $600 million in 2014, of which around $70 million will end up in the state’s treasury. The state will also save on the millions of dollars of taxpayer money it spent each year to incarcerate and charge small-time drug offenders.
 Under special licenses issued to qualifying retailers, America’s third-most popular recreational drug will be sold to eligible customers aged 21 years or older. Colorado residents are now able to purchase up to an ounce of cannabis in a single transaction, while out-of-state visitors can buy up to a quarter of an ounce. Customers purchasing marijuana can gift their friends up to an ounce for free. Stores selling the drug are allowed to operate from eight in the morning to midnight.
  Read More : Colorado Offers

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