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EDITORIAL: AG Weiser picks pot over Colorado’s kids

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EDITORIAL: AG Weiser picks pot over Colorado’s kids


Big Marijuana is waging a war on Colorado’s children — just as Big Tobacco has done for generations.

High-potency concentrates are sold in nifty little packages and pre-loaded into disposable, battery-powered vape pens that can be concealed in a kid’s backpack or pocket. Then, they’re inhaled discreetly on the fly — maybe on the way to school — and tossed in the trash.

No dreadlocks; no billowing, acrid smoke; no joints the size of a rolled-up newspaper. This ain’t your grandpa’s Dead concert. This is today’s kids — perhaps even your kids — and the power-packed pot derivatives they’re using are getting them higher than ever.

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Though technically off limits to minors, retail pot has played a pivotal role in undermining Colorado’s youths. Their mental health is in crisis; their lives are in greater jeopardy on our roadways amid soaring traffic crashes. Marijuana is a key factor in all of it.

And Colorado’s cynical marijuana merchants, as well as the laws that govern them, do far too little to keep their addictive and psychosis-inducing products from falling into underage hands. After all, the industry has to groom the next generation of potheads lest it go out of business.

So, you’d think the battle lines in Big Marijuana’s war on our kids would be pretty clearly drawn. Surely, no one in a position of authority — certainly not our state’s top, elected legal eagle — should side with the pot industry.

And yet, Colorado’s attorney general, Phil Weiser, has done just that. He wants the federal government to water down its longtime prohibition on marijuana.

As reported last week by Colorado Politics, Weiser joined his counterparts from a dozen other states in signing a letter to the U.S. Drug Enforcement Administration asking that marijuana be downgraded from a Schedule I to a Schedule III substance.

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The letter’s reasoning hinges in part on the pot lobby’s preposterous talking points — claiming, “a state-regulated cannabis industry better protects consumers than the illicit marijuana market.” In other words, legalizing pot somehow makes it safer. Yeah, right.

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As also noted in the Colorado Politics report, “rescheduling” marijuana as the AGs’ letter urges also would let pot peddlers open business accounts at banks, which are federally regulated, and to raise capital. That’s the industry’s true motive, and Weiser is playing right into its hands.

Which couldn’t be worse for Colorado’s kids.

While there was a dip in pot use by Colorado youths during the pandemic, use by minors has been on the rise over the longer run. Data from the state’s annual Healthy Kids survey revealed pot use by kids in Colorado skyrocketed between 2017 and 2020. Nationwide, adolescent pot use has increased dramatically — by about 245% — since 2000.

A growing body of research, meanwhile, attests to the damage pot is doing to our youth’s mental health. A Columbia University study released last May found teens who use pot are two to four times more prone to psychiatric disorders, depression and suicide.

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Colorado’s official health department webpage on pot use points out its dangers to youths — that it causes learning and memorization deficiencies “weeks after” marijuana use; that it’s especially addictive for young people; that it makes them likelier to attempt suicide.

As we pointed out here last month when Gov. Jared Polis unwisely signed onto a similar letter with several other misguided governors, the numbers don’t lie.

According to the Colorado Department of Health and Environment’s Violent Death Reporting System, 42.9% of Colorado teens 15-19 years old who die by suicide have marijuana’s psychoactive ingredient, THC, in their system at the time of death. For Hispanic teens in that age range, the number climbs to 49%. For Black teens, stunningly, it’s almost 67%.

Marijuana is a kid killer. Why would Weiser want to do any favors for those who trade in it?

Gazette editorial board

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Toyota Game Recap: 12/22/2024 | Colorado Avalanche

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Toyota Game Recap: 12/22/2024 | Colorado Avalanche


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Colorado authorities shut down low-income housing developer

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Colorado authorities shut down low-income housing developer


The Colorado Division of Securities is pursuing legal action against a man whom it claims deceived investors and used the ownership of federally supported low-income housing projects to line his own pockets. 

Securities Commissioner Tung Chan announced its civil court filings against Michael Dale Graham, 68, on Nov. 12. 

Chan’s office filed civil fraud charges against Graham, and also asked for a temporary restraining order and freezing of Graham’s assets and his companies’. A Denver district court judge immediately granted both. Since then, two court dates to review the those orders have canceled; a third is scheduled for mid-January.

Graham operates Sebastian Partners LLC, Sebastiane Partners LLC, and Gravitas Qualified Opportunity Zone Fund I LLC (“GQOZF”), all of which were controlled by Graham during his “elaborate real estate investment scheme,” as described by the securities office in a case document.

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The filing states Graham collected more than $1.1 million from eight investors to purchase three adjacent homes in Aurora. The Denver-based Gravitas fund and its investors purportedly qualified for the federal Qualified Opportunity Zone (QOZ) program with the homes. Qualified Opportunity Zones were created by the Tax Cuts and Jobs Act passed by Congress in 2017. The zones encouraged growth in low-income communities by offering tax benefits to investors, namely reductions in capital gains taxes on developed properties.

A file photo of a suburban housing development in the Denver metro area. 

Paul Souders/WorldFoto & Getty Images


Graham formed Gravitas in early 2019 and purchased the three homes located in the 21000 block of E. 60th Avenue two years later. He quickly sold one of them with notifying investors, according to the case document. While managing the other two, Graham and Gravitas transferred the fund’s assets and never operated within QOZ guidelines to the benefit of its investors or the community, according to the state. 

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Gravitas also transferred the titles for the two properties to Graham privately. As their owner, Graham obtained undocumented loans from friends totaling almost $600,000. The two loans used the two properties as security. 

Gravitas investors were never informed of the two loans, according to the case document. Also, Gravitas never sent its investors year-end tax reports, the securities office alleges. 

Graham used the proceeds of the loans for personal use. No specific details were provided about those uses.

“Effectively, Graham used Gravitas as his personal piggy bank,” as stated in the case document, “claiming both funds and properties as his own. Graham never told investors about the risks associated with transferring title to himself. On September 1, 2023, he sent a letter to investors, stating that the properties ‘we own’ are doing well and generating growth due to record-breaking home appreciation. But Gravitas no longer owned the properties.

“Gravitas no longer had assets at all.” 

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Furthermore, the securities office said Graham failed to notify investors of recent court orders against him in Colorado and California. In total, Graham was ordered to pay more than $1 million in damages related to previous real estate projects.

Graham’s most recent residence is in Reno, Nev., according to an online search of public records. He evidently has previously lived in Santa Monica, Calif., and Greenwood Village.

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Colorado weather: Temperatures staying in the 60s Sunday

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Colorado weather: Temperatures staying in the 60s Sunday


Colorado weather: Temperatures staying in the 60s Sunday – CBS Colorado

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Watch meteorologist Callie Zanandrie’s forecast.

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