Proposed measure threatens CO cannabis industry, firm says

A cannabis industry data firm is sounding the alarm over a proposed Colorado ballot initiative it says would prohibit marijuana products that generate more than 80% of industry revenue in the state.

The proposed initiative would limit the amount of THC content in cannabis products to 16%. The current average is 17.1% in buds and flowers and 62.1% in concentrates, according to a 2015 study.

“When we first encountered the proposed language we quickly understood it would have a dramatic effect on the market,” Roy Bingham, CEO of Colorado-based BDS Analytics, the data firm, said in a news release. “Should the initiative become a part of the Colorado constitution, it would hobble Colorado’s fastest growing industry.”

The proposed THC restrictions would mean that just 3% of available flower would be permissible within the limit, according to BDS Analytics, noting that flower and pre-rolled products account for some 65% of industry revenue.

Also, the firm said, no products in the concentrates and extracts categories could be sold, and cannabis industry jobs would be threatened.

The ballot measure also would require that any package of cannabis-infused edibles could have no more than 10 milligrams of THC, meaning that “almost every edible product … would have to be repackaged,” according to the news release.

8 comments on “Proposed measure threatens CO cannabis industry, firm says
  1. Marilyn Rose on

    Wow! Kathleen Conti is scary. Colorado, don’t back down. People go to Colorado for healing. All healing is not through CBD only.

    Reply
  2. Yup on

    It’s coming.. just like alcohol limits. The concentrates and edibles are out of control. People flavoring and naming things like candy, or actually making candy that is attractive to kids! That is not needed to medicate or to recreate, it’s irresponsible and time for the industry to grow up. It happened in Amsterdam too. Its coming if not now, then sometime soon and definitely if it’s ever legalized nationally.

    Reply
    • Heather on

      If the problem is the packaging then fix that. Don’t impact the limits because someone wants to avoid focusing on the real problem. The other issue you force is a reduction in quality. By reducing thc content you inadvertently will reduce the quality of the product. Politicians need to grow up and learn a little about the industry/business before they make the make a huge mistake. Btw, alcohol limits isn’t comparable unless you are allowing all cannabis to be sold but certain stores will have certain limits based on license. That’s not what this bill is proposing. Apples and oranges. The bill should be rejected and new packaging laws should be put in place.

      Reply
  3. John on

    Higher THC counts in flower means that less product will have to be inhaled to get the same effect. For example, it would take twice as much flower with a THC content of 10% as it would for flower with a THC content of 20% for the same effect, and , consequently, twice as much smoke inhaled – is that a good thing? I don’t think so.

    Reply
  4. Sterling on

    And, ‘Quite Likely’ So, BIG PHAMRA ‘Corps’, can ‘put out’, some ‘Version’, that is ‘Way Higher’, and ‘thus’, Capture ‘more of the Market’ of those that ‘Need’ the Higher Levels. Congress is ‘So Corrupt’, and ‘always’ is ‘in Support’ of the Mega-Corporations. Don’t ‘doubt’ that there ‘is’, some ‘Hidden’ Alterior Motive ‘behind’ this.

    Reply
  5. al simon on

    WHO IS FUNDING KATHLEEN CONTI? YOU CAN BET ITS LOBBYISTS FROM BIG PHARMA OR SOME OTHER CORPORATE OPPONENT OF OUR INDUSTRY. WHY WOULD A STATE POLITICIAN COME OUT WITH A NEW REGULATION TO SCREW UP A SYSTEM THAT WORKS IF SHE IS NOT BEING PAID OFF.

    Reply
  6. L.A. Paulson on

    Let’s cut beer and wine back to 2% and cut hard liquor potency in half. And we are talking alcohol here, which I don’t recall having the same comparable healing effects as medical marijuana. I mean the scientists aren’t writing about the healing properties of alcohol and the doctors aren’t prescribing beer, wine or hard stuff for arthritis or cancer. If this is implemented I see a big surge in the Black Market if your normal 21-25% THC is cut to 10% and I don’t see the dispensaries rolling back prices, you are going to find a cheaper and more potent replacement as it will be available on the street. They stopped the edible and concentrate sales in most areas of Michigan at the dispensaries. Still available in Ann Arbor and Ypsilanti but the makers are probably taking their wares to the street because there is a demand. Patients with Fibermyilgia(sp), arthritis, false limb syndrome and heaven forbid chemo therapy and radiation. I wouldn’t want to look a patient in the eyes and tell them that they are now limited to 10mg!!!! Like taking an aspirin after having your arm blown off. Besides there are many patients that smoking or even vaping is not a solution so a concentrate or edible is the only answer. Please vote and stop the suffering because of ignorant legislators not having knowledge or compassion…vote them out!

    Reply

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