"By the numbers"

[Reenster]

Stumpled upon this on Medicalmarijuana.org thought it was interesting.

May 13, 2010
By Jared Jacang Maher, Face The State
The Colorado legislature passed a bill regulating the medical marijuana industry Tuesday. Gov. Ritter has indicated he will sign it. From the text of the bill and reports by legislative staff analysts, here are some of the numbers behind the soon-to-be law:

8am-to-7pm = hours that dispensaries are allowed to be open.

$5,000 = amount of "licensing bond" that medical marijuana businesses will have to turn over to the state when applying for license

$1,800 = annual fee for a state license

$2,721,000 = revenue the state estimates it will receive next year in licensing fees

$4,771,602 = amount the state estimates it will cost to implement the new regulations

26.6 = the number of employees needed to implement the law

12 = number of "Medical Marijuana Enforcement Investigators" the state plans to hire

30 percent = the total amount of its on-hand cannabis that a medical marijuana business may purchase from or sell to another medical marijuana business

6,600 = employees the state estimates will be licensed to work for a medical marijuana business next year

Contact the author at [email protected] or 720-279-9870 x106

Here is the orginal link :

By the numbers: Colorado's new medical marijuana law | Face the State

Reenster Reviewed by Reenster on 05-14-2010. "By the numbers" Stumpled upon this on Medicalmarijuana.org thought it was interesting. Here is the orginal link : By the numbers: Colorado's new medical marijuana law | Face the State Rating: 5

[TheReleafCenter]

I thought the Dept of Revenue was setting those numbers...

[HighPopalorum]

I thought the Dept of Revenue was setting those numbers...

Those numbers are from the legislature's fiscal analysts. They are like the CBO, in that they calculate the economic impact of legislation in terms of costs and revenue in order to give lawmakers guidance, and provide the nuts-and-bolts details about where the money will come from and in what manner it will be used. The document the blogger drew them from is here.

[TheReleafCenter]

Thanks High!