Colorado Voters will Decide if Marijuana Should be Legalized

The deadline to gather signatures for ballot initiatives is August 6th but one measure has already been certified. Voters will decide the fate of Amendment 64, which states,

Shall there be an amendment to the Colorado constitution concerning marijuana, and, in connection therewith, providing for the regulation of marijuana; permitting a person twenty-one years of age or older to consume or possess limited amounts of marijuana; providing for the licensing of cultivation facilities, product manufacturing facilities, testing facilities, and retail stores; permitting local governments to regulate or prohibit such facilities; requiring the general assembly to enact an excise tax to be levied upon wholesale sales of marijuana; requiring that the first $40 million in revenue raised annually by such tax be credited to the public school capital construction assistance fund; and requiring the general assembly to enact legislation governing the cultivation, processing, and sale of industrial hemp?

While the Colorado Association of REALTORS® will probably not take a stance on this issue, every voter will need to decide their personal position. Here are links to information produced by those on both sides of the debate:

Pro: Campaign to Regulate Marijuana Like Alcohol Endorsed by the Colorado Democratic Party and the Medical Marijuana industry.

Con: Smart Colorado In addition to Smart Colorado, business groups that oppose Amendment 64 include the Mountain States Employers Council. Other business groups will formally announce their opposition to this amendment soon.

The supporters of Amendment 64 have raised $2 million so far, all but $16,500 raised out of state. Smart Colorado has raised a total of $15,000 to date, $5,000 of which comes from donations in Colorado.

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