Marijuana Industry Group (MIG), which was founded as a medical marijuana trade association in 2010 to help protect and promote the Colorado medical marijuana regulatory framework, serve as a responsible resource for policy makers, and protect the rights of medical marijuana patients and now helps to protect and promote all regulatory framework within the marijuana industry in Colorado, is sure to spark some controversy with its action today. Director Mike Elliott signalled the maturation of the Colorado cannabis market when he stated the following regarding the City and County of Denver’s decision to extend the moratorium on new marijuana business licenses:
We are still looking at the details of the moratorium and can’t comment on specifics at this time. The Marijuana Industry Group supports responsible regulation and expansion of the industry. We support expansion of the industry based on market demand. The marijuana industry has helped spark an economic boom in Denver but at this point it appears the number of businesses is in line with market demand.
Michael Elliott, Executive Director of Marijuana Industry Group
The Denver Business Journal reported that the City of Denver will have a meeting on November 24th to reconsider a moratorium that allows only existing medical license holders to obtain a recreational license and that was set to expire on January 1st. The proposed extension would be an additional two years.
Read Molly Armbrister’s “Denver to consider changes to retail pot rules”: http://www.bizjournals.com/denver/news/2015/11/10/denver-to-consider-extending-mmj-transition-period.html
