Colorado’s ambitious experiment in cannabis policy hit a historic milestone Wednesday, when licensed stores began making the first legal sales of recreational marijuana anywhere in the world.
A few people queued up outside pot shops early Wednesday to celebrate and claim bragging rights, but longer lines began forming later in the morning — growing from a couple of dozen to hundreds at some stores. Police reported no problems.
Within hours, the hand of the free market was already evident. In the face of strong demand, one shop raised its price for an eighth of an ounce from $25 to $45. Others kept prices steady. A number of shops imposed limits on the amount of pot customers could buy.
Is this reality or am I dreaming?
No, you’re not dreaming.
Adults aged 21 and over are now able to purchase up to an ounce of marijuana, while tourists will only be able to buy up to 1/4 ounce of marijuana at a time. Edibles can also be bought but may not contain more than 100 milligrams of THC.
Shops will are also allowed to sell marijuana paraphernalia, like bongs, vaporizers and what not. You might even see marijuana advertisements, but don’t expect them in newspapers, radio or television. Retail marijuana shops will only be able to advertise if “no more than 30 percent of the audience” is “reasonably expected to be under the age of 21″.
Even better, Coloradans are now allowed to grow marijuana themselves legally for personal use. They can have 6 plants growing at home, but only three of these may be flowering at the same time.