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A cannabis industry data firm is sounding the alarm over a proposed Colorado ballot initiative it says would prohibit marijuana products that generate more than 80% of industry revenue in the state.
The proposed initiative, by state House Representative Kathleen Conti, would limit the amount THC content in cannabis products to 16%. The current average is 17.1% in buds and flowers and 62.1% in concentrates, according to a 2015 study.
“When we first encountered the proposed language we quickly understood it would have a dramatic effect on the market,” Roy Bingham, CEO of Colorado-based BDS Analytics, the data firm, said