Recreational marijuana bill passes the House

LINE? STELLA: THAT’S RIGHT, SHELLY AND DOUG. SOME SAY THIS GIVES THESE LICENSE HOLDERS AN ADVANTAGE OVER THOSE TRYING TO GET INTO THE INDUSTRY. I SPOKE WITH THE COO OF THIS MEDICAL DISPENSARY BEHIND ME WHO SAYS OTHERWISE [SINGING] KALYN: — STELLA: HOUSE FLOOR MAJORITY LEADER SINGING CELEBRATING HOUSE BILL 12 PASSING. HOUSE BILL 12 WOULD LEGALIZE CANNABIS USE FOR THOSE 21 OR OLDER. IN ITS CURRENT FORM, THE BILL WOULD ISSUE RECREATIONAL MARIJUANA SELLERS LICENSES TO THOSE ALREADY IN THE MEDICAL MARIJUANA INDUSTRY. SOME WORRY IT ALLOWS THOSE ALREADY ESTABLISHED TO GET AN UNFAIR HEAD START AND DOMINATE THE CANNABIS INDUSTRY. >> FROM THE TIME WE GOT OUR LICENSE TO THE TIME WE WERE SELLING CANNABIS IN OUR STORES WAS ABOUT 18 MONTHS. STELLA: BUT TRISHELLE KIRK WITH EVEREST APOTHECARY SAYS GROWING A CANNABIS BUSINESS DOESN’ HAPPEN QUICKLY BECAUSE MEDICAL MARIJUANA DISPENSARIES HAVE ALREADY PASSED THE REGULATORY HURDLES, IT MAKES SENSE TO GIVE THEM LICENSE TO SELL RECREATIONALLY. >> WHEN ADULT USE PASSES, WHICH WILL HOPEFULLY BE THIS YEAR, THERE’S GOING TO BE AN OPPORTUNITY FOR OTHER PEOPLE TO GET INTO THE INDUSTRY AND I THINK THAT’S EXTREMELY EXCITING. STELLA: THE CURRENT FORM OF THE BILL WOULD ADD AN 8% EXCISE TAX ON RECREATIONAL CANNABIS SALES. CITIES AND COUNTIES CAN ALSO ADD ANOTHER 4% IN LOCAL TAXES. DEMOCRATS BELIEVE ADULT-USE CANNABIS WILL BENEFIT THE STATE. >> LEGAL CANNABIS IS GOING TO CREATE ANOTHER REVENUE STREAM FOR OUR STATE AND IT’S A PLAN…

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LINE? STELLA: THAT’S RIGHT, SHELLY AND DOUG. SOME SAY THIS GIVES THESE LICENSE HOLDERS AN ADVANTAGE OVER THOSE TRYING TO GET INTO THE INDUSTRY. I SPOKE WITH THE COO OF THIS MEDICAL DISPENSARY BEHIND ME WHO SAYS OTHERWISE [SINGING] KALYN: — STELLA: HOUSE FLOOR MAJORITY LEADER SINGING CELEBRATING HOUSE BILL 12 PASSING. HOUSE BILL 12 WOULD LEGALIZE CANNABIS USE FOR THOSE 21 OR OLDER. IN ITS CURRENT FORM, THE BILL WOULD ISSUE RECREATIONAL MARIJUANA SELLERS LICENSES TO THOSE ALREADY IN THE MEDICAL MARIJUANA INDUSTRY. SOME WORRY IT ALLOWS THOSE ALREADY ESTABLISHED TO GET AN UNFAIR HEAD START AND DOMINATE THE CANNABIS INDUSTRY. >> FROM THE TIME WE GOT OUR LICENSE TO THE TIME WE WERE SELLING CANNABIS IN OUR STORES WAS ABOUT 18 MONTHS. STELLA: BUT TRISHELLE KIRK WITH EVEREST APOTHECARY SAYS GROWING A CANNABIS BUSINESS DOESN’ HAPPEN QUICKLY BECAUSE MEDICAL MARIJUANA DISPENSARIES HAVE ALREADY PASSED THE REGULATORY HURDLES, IT MAKES SENSE TO GIVE THEM LICENSE TO SELL RECREATIONALLY. >> WHEN ADULT USE PASSES, WHICH WILL HOPEFULLY BE THIS YEAR, THERE’S GOING TO BE AN OPPORTUNITY FOR OTHER PEOPLE TO GET INTO THE INDUSTRY AND I THINK THAT’S EXTREMELY EXCITING. STELLA: THE CURRENT FORM OF THE BILL WOULD ADD AN 8% EXCISE TAX ON RECREATIONAL CANNABIS SALES. CITIES AND COUNTIES CAN ALSO ADD ANOTHER 4% IN LOCAL TAXES. DEMOCRATS BELIEVE ADULT-USE CANNABIS WILL BENEFIT THE STATE. >> LEGAL CANNABIS IS GOING TO CREATE ANOTHER REVENUE STREAM FOR OUR STATE AND IT’S A PLAN…

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