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420 with CNW — Colorado House Passes Bill Authorizing Online Cannabis Sales

A law allowing adults 21 and above to purchase cannabis online has been approved by the Colorado House. The action is intended to assist companies that have historically relied on payments in cash, which exposes them to crime risk. Last week, the legislature voted 40 to 23 to approve the bill, which was put forth by Democrats Said Sharbini, William Lindstedt and Robert Rodriguez.

The proposed legislation would add controls to allow for online sales while removing terminology from the current law that expressly forbids the sale of cannabis over the internet. According to the law, shops must confirm the consumer’s identity and age before they make a purchase online, and that data must correspond to the proof of identity they present when they collect the goods.

All cautionary or instructional information that a retail cannabis store must post and give at its authorized facilities would have to be made available to customers in digital format. Before completing the transaction, the consumer must confirm receiving those materials.

Supporters of the law contend that enabling online payments will increase safety for everyone at a time when marijuana businesses remain the focus of robberies because of their prevailing dependence on cash.

The first cannabis dispensing device, which can label, pack and distribute cannabis goods to adults in 50 seconds, was recently hailed by the governor. To offer employees who use cannabis per state law extensive professional license protections, Polis approved an executive directive last year.

Additionally, the action bars state agencies from providing support to any out-of-state inquiries into legal cannabis behavior that can lead to employment sanctions. This executive directive is a significant step towards protecting the rights of cannabis users in Colorado. It also reflects the state’s progressive stance on cannabis use and its commitment to supporting the legal cannabis industry.

The governor of Colorado contacted the United States Department of Health and Human Services (HHS) to ask about the timetable for the department’s examination into federal cannabis scheduling, which President Joe Biden ordered last year.

Colorado authorities have also constantly urged the United States government to implement reform. With voters passing a ballot measure to legalize some entheogenic drugs and permit treatment with psilocybin last year, the state’s legislature has also served as a focal point for radical psychedelic reform. This has made Colorado a trailblazer in the movement to decriminalize and legalize psychedelic substances for medicinal and therapeutic purposes. The state’s efforts have inspired similar movements in other states across the country.

As the drug reform movement spreads, it will open numerous market opportunities for a multiplicity of companies such as Advanced Container Technologies Inc. (OTC: ACTX), which are only tangentially connected to marijuana or its products.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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