Measure Allows Colorado to Keep Marijuana Taxes for School Construction/Prevention Programs.

File photo of a bag of marijuana being prepared for sale next to a money jar at BotanaCare in Northglenn, Colorado. RICK WILKING / Reuters File

The filing came in a legal battle between the Federal Reserve and the would-be Fourth Corner Credit Union, which was set up last year to serve Colorado's $700 million-a-year marijuana industry.

The credit union can't open without clearance from the Federal Reserve, which said in its filing that "transporting or transmitting funds known to have derived from the distribution of marijuana is illegal."

B.C. Senator Larry Campbell says prime minister-delegate Justin Trudeau should give it a year to 18 months before legalizing marijuana — to make sure it is done right.  

Trudeau promised to legalize marijuana across Canada 'right away', but hasn't committed to a timeline for legalization. 

Campbell — the former mayor of Vancouver — said there needs to be communication across all three levels of government for the proper roll-out of pot legalization. 

Denver marijuana retailers no longer have to post bonds guaranteeing they’ll pay their taxes, a regulation that some in the industry say had become a fatal hindrance.

Denver City Council this week voted unanimously to scrub the surety bond requirement from the city’s marijuana code.

Pot shops, both medical and recreational, were among a handful of businesses, including pawn brokers and parking lot operators, that had to obtain a surety bond to operate in the city.

The bonds are intended to help ensure that the city can collect sales and use tax revenue from businesses that may not have a storefront or a lot of fixed assets. Typically, if a business defaults on its tax bills, the city can seize and sell its assets to cover the missed payments.

Is the legal marijuana sold today more potent than the pot your parents or even grandparents smoked?

According to the University of Washington’s Alcohol and Drug Abuse Institute (ADAI), today’s cannabis is indeed stronger than it used to be, but nowhere near as strong as has been described in some media reports.

A second marijuana business in Denver in just over a week has voluntarily recalled its products because they contain a pesticide not allowed for use on cannabis.

Denver health officials announced the recall by Nature’s Cure, which also is known as Colfax Pot Shop, Wednesday after tests found high levels of a pesticide that cannot be legally used to grow the crop.

The recall extends to all of the company’s plant material as well as its concentrates purchased before Oct. 6, according to the Denver Department of Environmental Health.

The business has one retail location at 1500 E. Colfax Ave.

House prices and rentals are skyrocketing in the mile high city and it’s all thanks to a law that made it possible for businesses to grow and sell marijuana and for residents to smoke as much as they like, wherever they like.

Five years after the US state of Colorado made pot legal, its biggest city is thriving. Thousands are moving from major cities for the lifestyle, buying up properties and buying pot.

Once unoccupied, derelict industrial buildings are filled to the brim with cannabis plants. Crime rates are down, tax revenue has ballooned and tourism is bigger than ever.

As Republican presidential candidates prepare to debate economic issues in Boulder, the sweet smell of success for the state’s legally sold marijuana industry seems impossible to overlook.

Nationally the legal industry brought in about $3 billion in 2014 but is projected to grow to more than $8 billion by 2018, if current politics stay the course, according to the Marijuana Industry Factbook.

Colorado racked up $700 million in sales of recreational and medical pot last year — nearly $76 million in tax revenue, including $13 million in licenses and fees. The industry is expected to top $1 billion this year.

Combined sales in Colorado topped $100 million in August, compared with about $47 million in August 2014.