20 June 2016
MJ Biz reports…
Advocates who want to scale back Colorado’s marijuana industry have received the green light to begin gathering signatures to put the issue before voters in the fall.
The Colorado Supreme Court gave the go-ahead Thursday to supporters who want to put an initiative on the November ballot that would impose potency caps and packaging restrictions on a variety of marijuana products, the Associated Press reported.
The proposed measure would ban all marijuana products with THC potency of more than 16%, which would make products such as vape pens and some edibles illegal.
It also would effectively regulate concentrates makers and many edibles manufacturers out of business, and make the vast majority of flower illegal.
The proposed law would apply to both medical and recreational cannabis products.
If voters were to approve the measure – which many in the industry consider unlikely – it would make 80% of cannabis products currently on the Colorado market illegal, according to a report by BDS Analytics.
Supporters of the initiative now need to gather at least 98,000 signatures by Aug. 8 to make the November ballot. It’s unclear if they have the finances and manpower to meet that threshold, and the initiative’s two primary backers didn’t respond to requests for comment from the AP.