Wall Street Journal, 28 Mar 2013 – As Colorado lawmakers craft rules to govern the newly authorized recreational-pot businesses, a state audit has raised questions about regulatory oversight of the state’s existing medical-marijuana industry. A committee of Colorado House and Senate legislators holds its final scheduled meeting Thursday as the legislature seeks to meet a May deadline to finalize laws covering recreational-pot sales, which were approved by state voters last year and are set to go into effect in 2014. The recreational-pot industry is expected to be larger than its medical counterpart. One challenge will be to adequately fund the undertaking. An audit released Tuesday said the Colorado Department of Revenue’s Medical Marijuana Enforcement Division, which oversees the state’s roughly 1,400 businesses that sell pot for medical use, hasn’t generated enough revenue from fees to hire the staff it needs to closely track sales.
posted on March 29, 2013 by
