Colorado

Regulatory Timeline

1. JAN 1, 2014LEGALIZATION

   First legal recreational sale in the world

   Colorado opens the first state-regulated adult-use cannabis sales anywhere in the world, with lines around dispensaries in Denver. First-year sales reached roughly $700M; the state has since collected over $2.2B in cannabis tax and fee revenue.

2. NOV 5, 2013REFORM

   Voters approve cannabis taxes (Prop AA)

   Colorado voters approve Proposition AA (65-35), authorizing a 15% wholesale excise tax and a 10% retail tax on adult-use cannabis — the revenue mechanism needed to fund the regulatory system.

3. MAY 28, 2013REFORM

   Hickenlooper signs implementation bills

   Gov. Hickenlooper signs a package of bills establishing the adult-use regulatory framework and tax structure, plus a state-regulated industrial hemp program — the first in the nation.

4. DEC 10, 2012LEGALIZATION

   Amendment 64 takes effect

   Gov. Hickenlooper formalizes Amendment 64 as part of the state constitution and creates an implementation task force. Possession and home cultivation become legal for adults 21+.

5. NOV 6, 2012LEGALIZATION

   Voters approve Amendment 64

   Colorado voters approve adult-use legalization 55-45 — the same day as Washington, making the two the first jurisdictions in the world to legalize recreational cannabis by popular vote.

6. NOV 2000LEGALIZATION

   Voters legalize medical cannabis (Amendment 20)

   Colorado voters approve Amendment 20, legalizing medical cannabis and building the program and dispensary base that would later anchor the adult-use market.

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