Colorado Wants To Simplify Cannabis Regulations, Eliminate Fungus Testing: A 500-Page Rulebook Is Too Long, Lawmakers Say
Portfolio Pulse from Jelena Martinovic
Colorado lawmakers introduced a bipartisan measure to simplify cannabis regulations, including eliminating mandatory Aspergillus fungus testing. The bill also addresses labeling mandates, allows dispensaries to sell non-cannabis consumable goods, and extends licensure from one to two years. Publicly traded companies in Colorado like Green Thumb Industries, Schwazze, and Charlotte’s Web Holdings could be affected. Curaleaf Holdings exited Colorado last year.
January 25, 2024 | 3:11 pm
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POSITIVE IMPACT
Charlotte’s Web Holdings could potentially benefit from the regulatory overhaul in Colorado, especially in product labeling and sales.
The bill's provisions on labeling and the sale of non-cannabis consumable goods could open new opportunities for Charlotte’s Web Holdings in the state.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Green Thumb Industries could benefit from simplified regulations and reduced testing costs in Colorado.
Reduced regulatory complexity and testing requirements could lower operational costs and improve the business environment for Green Thumb Industries in Colorado.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Schwazze, known as Medicine Man Technologies, may see positive effects from the proposed regulatory changes in Colorado.
As a company operating in Colorado, Schwazze could experience reduced compliance costs and a more favorable business environment if the bill passes.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70