2025 Colorado Rules Update Seminar

Description

Prepare for the New Year with iComply

Mark Slaugh, CEO of iComply, will guide you through the latest updates to the Colorado Marijuana Code and their potential impact on your operations. We’ll dive deep into regulatory changes, review key red lines, and meticulously examine each rule modification, focusing on its relevance to your business category. Our goal is to equip you with the knowledge to make informed compliance decisions before the new rules take effect on January 1, 2025.

Below are the critical updates that will impact your operations and compliance requirements:

1. Social Equity Changes:
   • Definition updates to enhance clarity and support social equity in the industry.
2. Bi-Annual License Renewals:
   • Licenses will now require renewal every two years, streamlining the renewal process.
3. Modification of Premises:
   • Changes to the reporting requirements for premises modifications, focusing on safety and reducing the frequency of reporting.
   • Businesses will report changes in camera locations, Point of Sale (POS) additions, and structural modifications (walls/doors).
4. Genetic Material Regulations:
   • Revisions to streamline definitions and inventory tracking related to genetic material sales.
   • Simplified seller requirements: must be 21+ and demonstrate compliance upon purchase.
5. Decontamination Labels:
   • The previously planned implementation of decontamination labels has been struck from the regulations, shifting compliance focus.
6. Sales and Warnings:
   • Updates to requirements for attaching educational resources to products sold, including pregnancy warnings at all points of sale.
7. Food Sales Restrictions:
   • Food sales by cannabis businesses are now capped at 20% of gross sales, similar to regulations applied to liquor stores.
8. Fee Setting Adjustments:
   • Increased fees to address budget shortfalls, reflecting operational costs and inflation.
   • Adjustments to the two-year licensing cycle to better align with revenue needs.
9. Testing and Safety Regulations:
   • Updates to testing rules to improve compliance and public safety through clearer guidelines.
   • Emphasis on maintaining environmental safety standards and introducing respiratory protection requirements.
10. Inventory Tracking Systems:
    • Enhanced requirements for using METRC to ensure accurate inventory tracking.
11. Regulatory Flexibility:
    • New provisions to allow for more adaptable compliance measures while maintaining safety standards.