Last Update: January 30, 2014
Open for Business
On January 1, 2014, the state of Colorado allowed the first regulated retail sales of marijuana in the United States. In the first day of sales alone, retail stores reported more than $1 million in profit, and more than $5 million throughout the first week. This historic event was pulled off without a hitch, as Denver Police reported issuing only four marijuana citations, and one Denver City councilman reported being a convert.
MPP was the largest financial backer of the campaign in support of Amendment 64, which allowed this historic day to occur. Thanks to the hard work of our allies, Proposition AA was also approved by 65% of voters in November 2013. Revenue from marijuana sales will now go to state coffers instead of into the hands of violent gangs and cartels. Colorado projects $578.1 million a year in combined wholesale and retail marijuana sales to yield $67 million in tax revenue.
The state issued 136 retail licenses in the initial phase of licensing, which only permitted existing medical marijuana dispensaries to transition to recreational sales. Only two dozen stores were open on New Year’s Day, but more and more are opening daily.
Despite initially struggling with the intricacies of regulating a new marijuana market, the City of Denver is now embracing its hallmark industry. It has joined in the calls for the federal government to immediately address marijuana business banking reform.
If you have not already done so, please sign-up for our free and state-specific email alerts so you don’t miss your opportunity to advocate for sensible marijuana policy in the Centennial State.
Colorado voters end state marijuana prohibition!
This past November, Colorado and Washington became the first states in the country — and the first geographic areas in the world — to enact a state-legal system of marijuana cultivation and sales to adults 21 years of age and older. Click here to read the full initiative language or here for a detailed summary. The effort was coordinated under the umbrella of the Campaign to Regulate Marijuana Like Alcohol, led on the ground by initiative proponents Brian Vicente of Sensible Colorado and Mason Tvert formerly of SAFER and now the director of communications at MPP. This campaign was the culmination of an eight-year effort to build support for marijuana policy reform in the state.
Thanks to each and every one of you who donated to the effort to end Colorado’s marijuana prohibition. This historic accomplishment was the direct result of donations, volunteers, paid staff, and countless individuals who reached out to family and friends in Colorado about the need to reform failed prohibitionist policies.