Colorado’s Marijuana Economy: An Explosion of Ganjapreneurship

What can only be rightly described as an explosion of ganjapreneurship is currently underway in Colorado, sparked by the Obama Administration’s new policy announcement in February, which directed federal agencies to defer to state law enforcement on the issue of medical marijuana.

Medical marijuana has been technically legal in Colorado since 2000, when residents voted to add Amendment 20 to the state’s constitution. The Bush Administration, however, always maintained a rigid stance that federal anti-drug laws took precedence over state rights. Regular DEA raids on medical marijuana distributors in states that legally permit such commerce effectively intimidated citizens who would have otherwise officially registered as patients or caregivers.

At the beginning of this year, only 2000 people had applied for Colorado’s Medical Marijuana Registry since the system was established on 2001. In the past six months, the registry has grown to nearly 10,000. The registry card is actually optional under Colorado law–a doctor’s note is sufficient–so it’s difficult to determine the precise number of medicinal users. About thirty dispensaries currently operate to provide verified patients with locally-grown kind bud, up from just a handful in previous years. And the number of dispensaries is expected to double to 60 by the end of 2009.

click on title for full story.........