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420 with CNW — Colorado Opens Recreational Center Built Using Cannabis Taxes

Aurora, Colorado, celebrated the official opening of its new 77,000 ft2 recreational facility on Tuesday, which cost close to $42 million. The project was fully financed by tax revenue generated by legal cannabis sales.

According to KDVR news, the building is the Southeast Recreation Center and Fieldhouse and offers a variety of amenities. It includes a 23,000-foot fieldhouse with an air-conditioned interior; a complete field with turf of the highest caliber; a multipurpose gym with 8,000 feet that can hold three pickleball courts, two cross basketball courts, two volleyball courts and one main basketball court; a track that is 1/9-mile long and elevated above the gym and fitness center; and modern equipment in a 7,600-foot fitness center that includes a functional fitness area, an outdoor fitness area and a fitness studio.

Additionally, there is also a natatorium, which is made up of a 125,000-gallon swimming pool with a maximum depth of seven feet, a jet-filled spa pool, a recreational pool with a 20-foot-tall waterslide, a lazy river and a 25-yard, four-lane lap pool.

The Southeast Recreation Center, according to the city’s press release, is situated close to several neighborhoods and the Aurora Reservoir. It is anticipated that the new center will become a popular regional destination because it has the first indoor fieldhouse in the city as well as a number of other amenities and stunning views of the Colorado mountains.

The facility, which the city began construction on in early 2021, will be Aurora’s second recreational center to open in the past four years. Similar to this one, the other center, which opened in 2019 was also funded by cannabis sales tax revenue.

The opening of these two facilities with legal marijuana sales tax revenue serves as “proof of principle” for activists who worked to make Colorado one of the first two states to legalize recreational marijuana when voters passed Amendment 64 a little more than 10 years ago. Longtime proponents of marijuana legalization argued that state and local governments could economically benefit from a regulated cannabis retail market.

Colorado Governor Jared Polis, a Democrat who has worked to solidify cannabis laws, also stated that the state had done what no one had done before, making history when voters approved Amendment 64. Last summer, Polis signed an executive order to ensure that no Coloradan is prosecuted for possessing, cultivating or using marijuana, which is legal in Colorado as a result of Amendment 64.

When he signed the executive order, Polis stated that barring Coloradans from the workforce because of marijuana-related activities that are legal in Colorado but still punishable by law in other states was bad for residents, the economy and the state as a whole. He further noted that no one should face professional repercussions or be denied a professional license in Colorado if they legally consume, possess, grow or process marijuana in accordance with Colorado law. This includes people who use, possess, grow or prepare marijuana in a way that would be permitted under Colorado law in another state.

By allowing home cultivation, Colorado has paved the way for companies such as Advanced Container Technologies Inc. (OTC: ACTX), which makes indoor cultivation equipment for cannabis growing and other high-value crops, to have a bigger market to serve.

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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