December 30, 2013
MARIJUANA users in Colorado and Washington are counting down the hours before the western US states become the first to legalise recreational pot shops on January 1.
Blazing a trail they hope will be followed in other parts of the United States, cannabis growers and others are also rubbing their hands, while tax collectors are eyeing the revenue the newly-legalised trade will generate.
Enterprising companies are even offering marijuana tours to cash in on tourists expected to be attracted to a Netherlands-style pot culture – including in Colorado’s famous ski resorts.
“Just the novelty alone is bringing people from everywhere,” says Adam Raleigh of cannabis supplier Telluride Bud Co.
“I have people driving in from Texas, Arizona, Utah … to be a part of history.
“Over the last month I have received somewhere between four to six emails a day and five to 10 phone calls a day asking all about the law and when should people plan their ski trip to go along with cannabis.”
Medical marijuana is already legal and regulated in 19 US states, and has been allowed in some cases for the past 20 years. And in most of them, private consumption of cannabis is not classified as a crime.
But Colorado and Washington are creating a recreational market in which local authorities will oversee growing, distribution and marketing – all of it legal – for people to get high just for the fun of it.
It’s estimated the recreational pot market will be huge when it’s legali…
It’s estimated the recreational pot market will be huge when it’s legalised on Wednesday. Source: News Limited
The market is huge: from $US1.4 billion ($A1.58 billion) in medical marijuana in 2013 it will grow by 64 per cent to $US2.34 billion ($A2.64 billion) in 2014 with recreational pot added in
Colorado and Washington, according to Arcview Market Research, which tracks and publishes data on the cannabis industry.
Both states legalised recreational consumption of marijuana in referendums in November last year, but new rules coming into force on January 1 allow cannabis shops.
In Colorado, famous for its Rocky Mountain ski resorts, officials last week issued 348 retail marijuana licences, including for small shops which from January 1 can sell up to 28 grams of pot to people aged 21 or older.
Washington state authorities have received applications for 3746 marijuana business licences, including 867 retail licences, according to The Seattle Times newspaper, which has urged caution in an editorial.
“Legalisation of marijuana (is) a seismic change in drug-control policy, perhaps the biggest since the end of alcohol prohibition,” it said. “Supporters and sceptics need to take a deep breath.
” Colorado’s branch of the National Organisation for the Reform of Marijuana Laws (NORML) says everyone will benefit.
“It will mean jobs, tax revenue for the state and local jurisdictions, increased tourism, and a developing progressive new industry in Colorado,” NORML lawyer Rachel Gillette tells AFP.
“It will also have an impact in that marijuana sales will be brought out of the shadows and the black market.” Michael Elliott, head of the Medical Marijuana Industry Group, notes that
Colorado has licensed medical marijuana businesses since 2010, but says the influx of tourists for recreational use of pot could lead to shortages.
“It’s tough to know whether supply will meet demand, mainly because it’s tough to know the impact of tourism on this new market,” he says.
“It looks like demand will exceed supply, so I anticipate that prices in Colorado will go up … But as time goes on, more businesses will open meaning there will be more supply.
” Telluride Bud Co’s Raleigh compared decriminalising pot shops to legalising same-sex weddings, which are now allowed in more than a third of US states.
“Give it six months, and when other states see that the sky didn’t fall and the revenue we are producing, I believe this will spread just like gay marriage,” he says.
“You just can’t stop the will of the people.