Amendment 64

Back when the public debate about legal and recreational marijuana for adults 21 or older came up there were questions and concerns about 'cannabis tourists'. The governor's panel discussing future regulation has recommended to deny rights of Amendment 64 to non-residents.

When would be the best time to open up a members-only marijuana club in Colorado? 4:20 of course! That's when Denver's Club 64, one of Colorado's first members-only marijuana clubs open it's doors on Monday. Will we see more of these pop up?

Colorado's Amendment 64 has been part of the state constitution for less than a month, and the entrepreneurial spirit of some has already come out. On Monday January 2, 2013 one of the first marijuana social club opened the doors at 4:20pm.

During the election cycle there was speculation. After voters in Colorado and Washington legalized recreational marijuana use there were questions. Then came the stance by the federal government that marijuana is still a controlled substance under federal law. Now President Obama has spoken.

Will December 10 be Colorado's new 4/20? Today December 10, 2012 marks the day when marijuana becomes legal for adults in the state 21 or over. Coloradans voted to regulate marijuana like alcohol on November 6, 2012. Despite his personal feelings, Governor Hickenlooper made the official proclamation today.

We already see the sales in Funyons and Domino's pizza skyrocketing -- Governor John Hickenlooper signed the Executive Order which declares Amendment 64 part of Colorado's state constitution.

In Washington state, as of today December 6, 2012 it is now legal for adults 21 or older to possess and consume marijuana. Coloradans voted on similar legislation, although before it is part of the state constitution Governor Hickenlooper must issue a proclamation.

Colorado's Amendment 64 will be part of the state constitution in a matter of days with Washington state also making their new law official as well. With medical marijuana legal in 18 states plus Washington D.C. and now recreational use by adults legal in two state many wonder if there is an investment opportunity in the marijuana industry.

With Amendment 64 becoming part of the Colorado Constitution in the first days of December 2012 Grand Junction police officers have been told to stop arresting those who are in compliance with the forthcoming law.

The questions are now in the minds of Coloradans and the nation about Amendment 64 and what happens next. Mesa County Sheriff Stan Hilkey has said of Colorado's new addition to the state constitution, "You would have to believe that 100% of the people in this state that use marijuana will do so responsibly 100% of the time. That's an assumption that I remain very skeptical of."