CO Mulls Strategy For Possible Federal Pot Crackdown

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Colorado is considering an unusual strategy to protect its nascent marijuana industry from a potential federal crackdown, at the expense of hundreds of millions of dollars in tax collections, reports the Associated Press. A bill pending in the legislature would allow pot growers and retailers to reclassify their recreational pot as medical pot if a change in federal law or enforcement occurs. It’s the boldest attempt yet by a U.S. marijuana state to avoid federal intervention. The bill would allow Colorado’s 500 licensed recreational pot growers to reclassify their weed immediately.

A switch would cost the state more than $100 million a year because Colorado taxes medical pot much more lightly than recreational weed — 2.9 percent versus 17.9 percent. The measure says licensed growers could immediately become medical licensees “based on a business need due to a change in local, state or federal law or enforcement policy.” The change wouldn’t take recreational marijuana off the books, but it wouldn’t entirely safeguard it either. What it could do is help growers protect their inventory in case federal authorities start seizing recreational pot. The provision is getting a lot of attention in the marijuana industry after comments from members of the Trump administration. White House spokesman Sean Spicer said there’s a “big difference” between medical and recreational pot.

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