Cannabis Industry Chart Of The Week: US Compa ..
Jun 14 - 2021
Colorado leaders want to make it harder to get high-potency marijuana concentrates, but a new bill that advanced Tuesday stops short of imposing THC caps.
Why it matters: Backed by Colorado Attorney General Phil Weiser, the legislation represents a rare effort to crack down on the state's first-in-the nation marijuana industry.
What's happening: The legislation aims to make it harder for medical marijuana — which enjoys fewer regulations — to get passed to others by:
Other elements of the legislation require the state to conduct a public information campaign about high-potency THC; provide $3 million for scientific research; and set rules for new individual packaging.
What they're saying: A Medical Center of Aurora psychiatrist called cannabis use and addiction an "emerging epidemic ... that threatens to swallow the lives of a whole generation of Coloradans."
Get smart: Concentrates — such as vape cartridges, wax, dab and shatter — represent about one-third of the state's marijuana market.
Between the lines: The legislation is actually a political win for the cannabis industry because the sponsors did not include potency caps as initially planned, and top advocates are supportive of the intent.