Legal & Regulatory

Colorado Legalizes Online Cannabis Sales

The governor of Colorado has signed a bill allowing online cannabis sales in the state. The bill removes the prohibition on selling cannabis online and adds regulations for online sales, allowing customers aged 21 and over to purchase cannabis online, provided they pick it up in-store with ID verification. The bill aims to reduce cash in the cannabis industry to address safety concerns.

The governor of Colorado has signed a bill allowing online cannabis sales in his state after more than ten years of legalization.

The text, voted on and then signed into law, removes the passage of the law that explicitly prohibited the sale of cannabis over the Internet. At the same time, it added regulations to allow online cannabis sales.

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Details of Online Cannabis Sales Bill

Adults aged 21 and over will still have to pick up their cannabis products in-store physically but will be able to view and purchase their cannabis online before going to the store.

The online cannabis sales bill signed by Democratic Governor Jared Polis calls for retailers to verify the customer’s name and age at the time of online purchase and for this information to match the identification the customer provides when picking up the products.

In addition, the online cannabis retailer will have to provide buyers with “digital versions of all warning or educational materials that the cannabis retail store is required to display and provide on its licensed premises.” Customers will be required to “acknowledge receipt” of these documents before completing their online cannabis purchase.

Online Cannabis Sales Bill Addresses Safety Concerns

“This online cannabis sales bill is primarily aimed, from my perspective, at reducing cash in the cannabis industry, which is extremely important, because when there’s a lot of cash in an industry, it can lead to disturbing results, including theft,” said Republican Senator Kevin Van Winkle at last month’s plenary session.

“It exposes them to a considerable amount of potential theft and other things.”

Further Measures Required for Cannabis Industry

State lawmakers are also hoping that Congress will finally come to grips with the need for greater measures beyond online cannabis sales. There are many financial and public safety issues unique to the cannabis industry, and further regulations, such as the bipartisan Secure and Fair Enforcement (SAFE) Banking Act, are needed.

(Featured illustration by Karolina Grabowska via Pexels)

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First published in Newsweed, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Suzanne Mitchell

Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.

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