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Problems with MMJ regulation, City Council's schedule, seminars and more 

CannaBiz

Watched watchers

Last week, the state auditor released a damning, 89-page report finding that the Medical Marijuana Enforcement Division "has not adequately defined the oversight activities it must perform, or determined the resources it needs to implement the regulatory system."

Problems include the failure to implement a much-touted "seed to sale" tracking system, with $1.1 million spent on the effort; awarding business licenses despite red flags like failed background checks; and "large capital purchases" made by the division, such as the $250,000 spent in one year on office furniture.

The Denver Post reports that Barbara Brohl, director of the Department of Revenue, which oversees the MMED, has assured shaken legislators that the division is now "pretty fiscally frugal."

Council decides

The city of Colorado Springs has released its tentative timetable for deciding whether to allow recreational-marijuana stores.

City Council will hold a work session at its informal meeting on May 13, and a final discussion June 24. If the city opts out, it would hold readings of its prohibiting ordinance July 9 and 23. If it decides to regulate, readings would be Sept. 10 and 24.

Medical support

The Colorado Springs Medical Cannabis Council has issued its recommendations for the coming state regulation of recreational marijuana.

"Those centers [already] in business should have preferential treatment regarding licenses due to all the efforts that [they] have already put in," reads a press release. "This will ... allow the transitioning owners to get their footing."

The trade group also endorses starting with the vertical-integration model — wherein dispensaries, or recreational-marijuana stores, grow the majority of cannabis sold — but with the caveat that owners could modify the arrangement as needed. "FORCED integration has caused many issues that have put so many people out of business (many unwanted FORCED marriages that haven't survived)," it says.

Keef crumbs

• At 5:30 p.m., April 16, Denver attorney Rob Corry will hold a four-hour seminar called "Colorado Marijuana Business Models," at the at Ramada Plaza Denver Central Hotel (4849 Bannock St., Denver, cannabistherapyinstitute.com). The class will cover facets of Amendment 64, potential hemp laws and more; tickets are $295.

• According to the Associated Press, House Bill 1114, the THC-DUI legislation, passed out of the House Appropriations Committee on Monday and could see its first vote by the full House by week's end.

  • CannaBiz

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