Thursday, September 26, 2013

Colorado retail marijuana licenses and state tax ID numbers:

A quick point of clarification on retail marijuana licenses and state tax ID numbers:  

If an applicant intends to co-locate the retail marijuana establishment with its existing medical marijuana business, then the applicant does NOT need to obtain an additional state tax ID.  

If an applicant does not intend to co-locate the retail marijuana establishment with its existing medical marijuana business, then the applicant MUST obtain an additional state tax ID prior to application with MED.  Therefore, the MED will ONLY accept applications for non-co-located retail marijuana establishments if the applicant has a tax ID for the new location.