Why is Colorado risking hundreds of millions to protect its marijuana industry?

Colorado’s state legislature is considering an unusual plan to defend the state’s marijuana industry from a federal crackdown under the Trump administration. The bill would allow growers and sellers to reclassify their recreational marijuana as medical “based on a business need due to a change in local, state, or federal law or enforcement policy.” The strategy is meant to keep marijuana businesses afloat if the federal government comes after them, even if it means the state losing hundreds of millions of dollars in taxes. The bill represents a shift in how states might respond to what marijuana advocates say are an over-simplification of cannabis policy by the Trump administration.

Original story here.

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