Colorado's new Cannabis Business Office, CBO, aims to grow and support the state's marijuana industry. Cannabis tax revenue will fund the new division, created by a bill signed in March this year.
Colorado's new Cannabis Business Office, CBO, aims to grow and support the state's marijuana industry. Cannabis tax revenue will fund the new division, created by a bill signed in March this year. The Cannabis Business Office will operate under the Colorado Office of Economic Development and International Trade. Officials in the state believe the new office will spur economic development, create jobs, and foster community growth for the state's diverse population.
A key feature of the CBO will be prioritizing social equity by providing loans for companies that create equity, grants to support job creation, and resources for disadvantaged communities negatively impacted by marijuana prohibition. In addition to this program, Colorado is working to repair the damage created by previous marijuana criminalization in other ways.
Governor Polis passed a bill in May doubling the marijuana possession limit for adults in Colorado and requested state law enforcement to identify individuals with prior convictions who may qualify for criminal record expungement under the new law. Last year, an executive order issued by the governor cleared the records of almost 3,000 people convicted of possessing one ounce or less of marijuana.
While new legislation in some states allows individuals to erase their marijuana convictions, many states have failed to create the programs necessary to improve lives and communities affected by marijuana criminalization. A marijuana conviction shouldn't hold you back. If you are ready to take the next step in removing your record, contact Easy Expunctions to make the process easy and affordable!