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Wednesday, April 20, 2011

New Department of Revenue Regulations and Deadlines

I have completely slacked off on posting information in this blog. It is high time I get back to disseminating information you need to stay compliant with Colorado's medical marijuana program.

First off, the Department of Revenue: Medical Marijuana Enforcement Division (MMED) bond is due by May 1, 2011. For all businesses that have a Medical Marijuana Center or Infused Product Manufacture application pending with the MMED you MUST download their bond form, obtain a surety and file the bond with the MMED. No exceptions!

Second, the MMED has released 77 pages or regulations that go into enforcement on July 1, 2011. Know these regulations! They are very complicated and I highly suggest you have an attorney formulate policies and procedures to ensure compliance. These policies and procedures will go a long way towards showing good faith compliance should you fall on the wrong side of the line!

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