By Anthony Martinelli

It what will surely be good news to cannabis advocates and consumers, an initiative that would have established arbitrary THC limits on cannabis sold throughout Colorado has failed to make this November ballots, with proponents withdrawing the effort over what they call the cannabis industry’s “wall of money”.

Initiative 139 would have made it so that cannabis sold legally in Colorado could contain no more than 16% THC (tetrahydrocannabinol), despite the fact that numerous strains often have a THC percentage of twenty or higher.

“We simply couldn’t go toe-to-toe with the marijuana moguls who committed tens of millions to defeat our common-sense controls on the sale of recreational marijuana,” said Ali Pruitt of the Healthy Colorado Coalition in online blog post. “The marijuana industry built a wall of money between us and the November ballot that we simply couldn’t break through.”

According to The Cannabist, cannabis businesses were able to raise more than $300,000 in opposition to the measure in just a few days.

The post Colorado Initiative to Establish THC Limits for Cannabis Fails to Make Ballot appeared first on TheJointBlog.

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