FRANCHISE HERALD
Monday February 17, 2020

updated - February 17, 2020 Monday EST

Colorado Marijuana: State Court Rules For Overturning of Some Convictions After 2012 Law Passage

Mar 13, 2014 03:22 PM EDT | By Justin Stock
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Colorado, Medical Marijuana
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Certain people with previous medical marijuana convictions can have decisions on their cases reverted following voters' decision on Amendment 64 to legalize the substance the Associated Press reported Thursday.

The new legislation could also assist hundreds of individuals locked up for minor offenses, and whose incidents were in the appeal process at the time the new law went into play in Dec. 2012 according to The Colorado Court of Appeals the AP reported. Attorneys are looking into what the next steps should be.

One woman was found guilty of multiple drug charges involving one with one third of an ounce of the substance the AP reported.

The woman reportedly had one third of an ounce of the substance, which falls under the guidelines of the amendment of an ounce or less of the substance the AP reported.

 "(A defendant could get post-conviction relief) if there has been significant change in the law," a judge told the AP.

Marijuana has done wonders for Colorado's economy especially in the state's Pueblo County which raked in over $32,000 in sales in January.

The municipality taxes sales for the substance, 3.5 percent, which brings revenue numbers to fall just below $1 The Pueblo Chieftain.

With every income comes added expenses, which in this instance included $70,400 for licensing during the first month including stores that sell Marijuana for recreation, and medical purposes The Chieftain reported.

The amount also includes the costs for licenses, and updating existing ones.

Sellers earned $32,643, a number that details revenue the state of Colorado gathers for its marijuana tax. Colorado gives back 15 percent of its earnings from the 10 percent tax it puts on recreational marijuana

While Marijuana became legal in Colorado in 2012, the substance was not done so publicly before January 2013. Marijuana sales in Washington are expected to be up next. 

Pueblo County also has a one percent sales tax levy for every item purchased, which Colorado also collects money from.

This brings the total dollar amount for marijuana used for recreation to $56,000 in January, when the substance became available for purchase.

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