POS in Colorado
TIM CULLEN OWNER, COLORADO HARVEST COMPANY
"With Greenbits, Metrc adjustments are a thing of the past."
Q: How does Greenbits recognize new tags for prepacks and prerolls of the same bulk flower package?
A: Working directly with Metrc and the MED, we were able to develop a fully compliant way to create prerolls and prepacks using the same Metrc package ID. You can do these conversions directly in Greenbits, saving your business both time and money!
Q: How do I make sure my products are being sold in a compliant manner?
A: Greenbits has many unique compliance features built into the register to help ensure compliance, including equivalency based transaction limits, fully compliant labeling with a space for your store logo, and patient labels for every Medical transaction.
Q: Does Greenbits support Medical licenses in Colorado?
A: Definitely! We fully integrate with both Rec and Med licenses in Colorado. On the medical side, we also track the plant count and carry limits of your member patients to ensure your inventory is fully compliant.
Colorado Marijuana Laws: FAQs
Running a retail cannabis business can be taxing if you don’t know what you’re doing. Any small business requires a level of professionalism, but a cannabis business is unique in that the laws of each state, county, and even city differ across the U.S.
Without a consensus, even a seasoned pro in one state will still have to study up on other states, and even once you get the hang of a state’s laws, they can quickly change at any given election. Here’s everything you need to know about operating a compliant cannabis business in Colorado, and the state’s cannabis laws.
Do I need a license to operate?
Yes, both retail and medical businesses need a license per C.R.S. 12-43.3
Who manages cannabis licenses in Colorado?
The Colorado Department of Revenue’s Marijuana Enforcement Division (MED) manages both retail and medical marijuana licenses. There are 7 licenses available for each retail and medical: Marijuana Center, Optional Premises Cultivation, Infused Product Manufacturer, Testing Facility, Transporter, Operator, and Cultivation, Research, and Development Facility.
It is illegal to perform any unlicensed activity on licensed premises.
How do I get a license in Colorado?
It can be done online at the Colorado.gov links provided above. You’ll need to provide a completed application, all necessary supporting documentation, and a check or money order for the full application fee made out to the Department of Revenue.
How much does a license cost?
Cost depends on the type of business you currently run and are applying for.
Here’s a full fee chart, and some highlights are:
Medical Marijuana Center – $9,000-$22,000
Royalty Interest Holder – $200-$400
Current Medical Store Adding Retail – $2,250 + $250 local
Retail Marijuana Store – $4,500 + $2,500 local
Are there annual licensing fees?
Yes – renewal fees range from $1800-$7100, depending on the size and type of business.
What license type do I need to service recreational and medical patients?
A marijuana center license is needed to sell, and a separate medical and retail license must be obtained. Caregivers need a caregiver designation on a consumer medical marijuana card and may be required to obtain a Transporter license.
Will I be able to get a retail license if I already have a dispensary?
Yes, and, as described in the fee schedule above, fees are much cheaper for medical facilities adding cultivation or retail operations.
What local (county level) permissions will I need to operate?
Keep in mind although Colorado is famous for being the first state to legalize recreational marijuana, it’s still banned in most counties. Here’s a comprehensive map of which counties allow medical and retail businesses. Always contact your local government prior to applying for a state license.
Do I need a license to host a cannabis event in Colorado?
Yes, and each city is different. Denver requires a Cannabis Consumption License, which can be obtained online at Denvergov.org.
Do I need a separate premises license for cannabis events?
The location of your cannabis events determines which license you’ll need to pursue. If you’re attending an event like a High Times Cannabis Cup, you’re actually a vendor at that event.
Holding your own offsite events puts you in a High Times position where you need to file the proper city and county licenses. Work with the venue to ensure this is completed in a timely manner. High Times was able to host several Cannabis Cups in Denver, but the 4/20 event was moved to California because permits were easier to obtain.
Can I get a cannabis event license if I hold a retailer license?
Yes, you can hold more than one license of any type. You can hold events on your premises, host offsite events, or attend offsite events proudly representing your business.
How can I ensure that I remain compliant?
Reading, understanding, and consistently applying Colorado state cannabis regulations is essential. During the application process, your entire organization will be tested on compliance competency.
Also track everything. Record every interaction. Have every dollar, plant, and product tracked from seed to sale. A solid POS that can automatically interface with the state’s tracking system is only the start of what you’ll need to stay compliant.
What security measures am I required to take?
Required cannabis business security measures will cost at least $100,000. Video surveillance, security lighting, transportation and waste disposal processes, platforms, and procedures need to be in place from day one.
Cloud video data storage will be a significant cost for startup businesses. Plan ahead for this.
Can I package and label cannabis in my retail store?
It’s a funny question, because you’ll be labeling all product that enters and exits your retail store. There are no specific regulations about packaging on premises, but cannabis must be already sealed before transport.
Can I sell alcohol or tobacco at my cannabis retail store?
Yes and no. Generally you can’t sell alcohol or tobacco at cannabis dispensaries or cannabis at smoke shops, liquor shops, etc. Terpenes (basically cannabis essential oils) and hemp products have different rules. It’s possible to create cannabis-flavored products that don’t include THC.
Also, tinctures contain alcohol, so even though THC vodka or beer (or even vodka or beer without cannabis) would be illegal in Colorado dispensaries, alcohol-based tinctures are allowed.
Can I vertically integrate my cannabis businesses?
You can. So long as you meet the requirements, you can house everything in one building. Each license can be obtained and stacked on each other.
Can I sample or give product away in store?
You can’t give away products, and the seed-to-sale tracking system ensures each plant is sold.
What are the operating hours for a retail shop?
Your store can be open anytime, and many in the state are open 24/7.
Can I have public-facing displays on my storefront?
You can (unless your city or county ordinances forbid it).
How old does someone need to be to buy cannabis?
18 for medical and 21 for recreational.