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Questions on recreational marijuana sales will be on Colorado Springs ballot

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Questions on recreational marijuana sales will be on Colorado Springs ballot


COLORADO SPRINGS — This November, Colorado Springs voters can have the selection to voice their opinion on whether or not the town ought to legalize gross sales of leisure marijuana. Since Colorado legalized leisure gross sales in 2012, Colorado Springs is among the many cities that selected to solely permit medical marijuana gross sales. At the moment, anybody looking for to buy leisure marijuana should take the quick drive to Manitou Springs, or alongside I-25 to Denver or Pueblo to discover a store.

The Your Alternative Colorado marketing campaign collected 98,000 signatures in Spring 2022 to undergo the town clerk for verification as a way to make it on the final election poll. They have been required to gather at the least 19,245 legitimate signatures from registered voters in Colorado Springs.

With the approval, there will likely be two points on the poll. Click on on the hyperlinks to see the official language.

  • Authorization of leisure marijuana
    • Shall the ordinances of the Metropolis of Colorado Springs be amended to:
      • Authorize the regulation of retail/leisure marijuana institutions in the identical method as medical marijuana
      • Repeal the prohibition in opposition to retail/leisure marijuana institutions; and
      • Authorize medical marijuana institutions to even be licensed as retail/leisure marijuana institutions with out elevating the cap on the variety of places set forth in Metropolis Code §2.2.104.
  • An ordinance pertaining to a particular retail/recreation marijuana gross sales tax (5%) (partly)
    • (a) Along with paying another tax imposed on the sale of Retail/Recreation Marijuana and however any provision of the Colorado Springs Metropolis Code (“Metropolis Code”) that could be interpreted to ban a particular Retail/Recreation Marijuana Gross sales Tax together with part 2.2.101 .B of the Metropolis Code, each purchaser of Retail/Recreation Marijuana from a Retail/Recreation Marijuana Retailer shall pay a Metropolis tax of 5 % (5%) of the quantity of the sale (referred to on this ordinance because the “Retail/Recreation Marijuana Gross sales Tax”).

If handed by the voters, gross sales and the gross sales tax go into impact in early 2023.

The gross sales tax portion of the poll query consists of having the income “topic to an impartial citizen audit by a three-person panel, appointed by the mayor, of individuals acquainted with usually accepted accounting practices and municipal authorities. Such audit shall be made available to the general public.”

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The cap on institutions within the poll language refers to Metropolis Code §2.2.104 which states, “A most variety of roughly 200 twelve (212) distinct places within the Metropolis the place one or any mixture of the next could also be licensed in the identical premises location: medical marijuana middle, medical marijuana non-obligatory premises cultivation facility, and medical marijuana infused product producer facility; such actual quantity as decided by the native licensing authority by calculating the whole variety of places within the Metropolis the place a licensed premises existed for a medical marijuana middle, medical marijuana non-obligatory premises cultivation facility, and medical marijuana infused product producer facility or any mixture of those as of Could 25, 2017. The native licensing authority’s calculation of the cap shall be thought-about dispositive and shall not be topic to enchantment.”

In accordance with Anthony Carlson, the marketing campaign supervisor for Your Alternative Colorado Springs, the town is shedding out on $15 million a yr to neighboring communities that permit gross sales.

“Our neighborhood simply merely would not get the good thing about the tax {dollars} that comes with these gross sales,” stated Carlson. “I feel for a metropolis like Colorado Springs that’s rising so rapidly, we must be very considerate with how we generate revenues and proceed to help the expansion and the challenges that include progress.”

The group needs income collected from gross sales to go towards bettering public security, increasing psychological well being companies, and offering extra packages for veterans with PTSD.

In the meantime, Colorado Springs Mayor John Suthers informed News5 in late June that he is heard these guarantees earlier than.

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“I’m vehemently against leisure marijuana in Colorado Springs,” stated Mayor Suthers. “After we legalized leisure marijuana within the state, I keep in mind the guarantees. Primary: there will be every kind of cash for faculties, roads, all that sort of stuff. However all the cash we have taken in precisely pays for the regulation of marijuana and it would not pay for the social issues. Police want extra money to implement it. Drug therapy facilities want extra money. It’s not paying for the injury that it is doing.”

Mayor Suthers and Metropolis Council have strongly opposed the sale of leisure marijuana because it was legalized in Colorado in 2012. He says black market gross sales are nonetheless prevalent, and no higher than it was 10 years in the past. He additionally stated the THC ranges are harmful for teenagers and younger adults and are having a detrimental affect.

“This isn’t your grandmother, grandfather’s marijuana. It has psychotic-inducing reactions for younger folks,” stated Mayor Suthers.

Suthers additionally voiced his concern that if leisure marijuana gross sales cross in Colorado Springs, it might be part of the dialog about shifting the U.S. House Command to Hunstville, Alabama.

In the meantime, these like Carlson say the battle has been occurring for a decade now, and they’re hoping the initiatives make it to November’s poll.

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“People are going to be very excited to lastly finish their mindless prohibition on leisure marijuana, and make it possible for the tax {dollars} that belong to Colorado Springs are staying right here serving to clear up the challenges of our rising metropolis and never our neighbors,” stated Carlson.

Be taught extra about marijuana. rules and licensing:

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Watch KOAA News5 in your time, anytime with our free streaming app out there on your Roku, FireTV, AppleTV and Android TV. Simply search KOAA News5, obtain and begin watching.





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Colorado

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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Colorado Springs police search for missing 20-year-old

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Colorado Springs police search for missing 20-year-old


COLORADO SPRINGS, Colo. (KKTV) – Police are searching for a missing at-risk adult.

They said 20-year-old Brandon Hugney was last seen Saturday night, around 7 p.m., at the Walmart on Platte avenue.

They shared a picture of Hugney, describing him as a 6′ man last seen wearing black-framed glasses with red trim, a grey fleece, blue pajama pants and black and white slippers.

Police said he likely isn’t properly dressed for the weather and was last seen heading west behind Walmart.

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If you know where he is or see him, call police at (719) 444-7000.



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