Attorneys packed the new Colorado Bar Association CLE classroom for the Third Annual Cannabis Symposium held Wednesday in Denver.
The all-day seminar touched on marijuana law topics ranging from ethics issues for lawyers in the field to tax and financing challenges for cannabis companies. The program drew speakers from marijuana businesses and law and accounting firms that work in the cannabis industry, as well as state regulators and U.S. Attorney Jason Dunn of the Colorado District. For pot law practitioners, the symposium was an opportunity to get outlooks on enforcement straight from government officials.
MED Shares Statewide Findings
Leaders from the state’s Marijuana Enforcement Division, which is housed in the Colorado Department of Revenue, gave attendees an update on MED’s licensing and enforcement activity.
MED Director Jim Burack discussed data on Colorado’s marijuana market that his office has amassed through state’s inventory tracking system. The system helps MED holds its 3,000 marijuana licensees accountable for compliance, but a side benefit is that “it’s also yielded this immense reservoir of data about what is happening with the market across the state,” he said.
At any one time, there are about a million marijuana plants flowering in Colorado, with more than half of them being in Denver. “So when you look out the window here, this is ground zero for cannabis,” Burack said. But southern parts of Colorado like Pueblo County “are picking up steam” in terms of plant counts as MED is starting to see more outdoor cultivation.