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.
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