Amendment 64: Will pot discourage companies abroad from expanding to Colorado?

Dick Clark thumb.jpg
Dick Clark
As a senior partner with a Colorado law firm, Dick Clark works with international companies looking to expand their operations here. But since the passage of Amendment 64, which legalizes small amounts of recreational marijuana, some companies are reconsidering doing business with Colorado,he says, and he expects that problem will only get worse.

With A64, Colorado's Regulate Marijuana Like Alcohol measure, now officially law, business groups and others who opposed the amendment have expressed a wide range of concerns about potential negative consequences. Some of these questions are being discussed in Governor John Hickenlooper's recently formed task force, which is charged with coming up with policy recommendations for implementation.

Amendment 64 Watch Party, Colorado 1.jpeg
Photo by Brandon Marshall
Supporters of A64 celebrating its passage on Election Day.

While the backers of legalization in Colorado have long argued that the measure will be a boost to the economy, some say they are worried that legalized pot can only hurt the state financially, and for a variety of reasons.

Supporters of the new law argue that legalized pot could be a huge help for tourism, attracting visitors to the state. But Clark, a senior partner with Rothgerber Johnson & Lyons LLP, says he fears that legalization will have the opposite effect -- and suggests that he's already seen clear signs of that.

We connected with Clark after we spoke with aDenver CEO whose major gripe with legalization was that he would still have to drug test his employees and job candidates, even though it's now legal for adults to smoke marijuana in the state.

Clark, whose company is based in Denver, Colorado Springs and Casper, says that he has helped bring more than a hundred companies to Colorado from overseas, and that some of the ones he is working with now are not happy about A64.

"Our firm has been working with two companies to expand their operations and buy land and set up...North American headquarters here and hire local workers and bring in people from their countries," he says. "And I was frankly surprised -- within the week following the vote, I had phone calls from both of them saying, 'What is going on there? Are you crazy?'"

Negotiating these business expansions into Colorado is typically a long, arduous process, he explains, and the global companies take a lot of different factors into consideration. "We are talking about huge investments by them -- millions upon millions of dollars. They don't want to come in and set up a business operation and have to close it in a year," Clark says.

The two companies he is currently working with are based in Asia; one is in the biotech field and the other in health care. He says that both of them consider Amendment 64 a negative for Colorado as they try to decide where they want to set up shop in the United States.

Continue for more of our interview with Dick Clark.


My Voice Nation Help
71 comments
jordandietrich
jordandietrich

I would like to see some names.  What companies are we talking about here?

Justin Novak
Justin Novak

I love how these companies are okay with us being the most drunk state but god forbid some of us want to smoke some weed. What this sounds like to me is a lame ass excuse.

Den420ver
Den420ver

Their working on that now. Ye of lil faith. ;)- Stupid prohibitionist!

Den420ver
Den420ver

Oh the prohibitionists, so much fear and loathing in Colorado over (pot) . Sounds like the sky is falling again ... Listen with somewhat legalization of Cannabis and Hemp. The economy and jobs will only flourish with new buissness models and new entrepreneurs for the glorious Cannabis plant. If done right Colorado will have a very sustainable economy for years to come. So I say So What! It's our turn to make some money and help the peoples people.

CloudGang
CloudGang

mean while in south east Colorado im still blazing.

Estephania DelCampo
Estephania DelCampo

Check out the recent (?) NPR Planet Money podcast on this. It's an economic dissection of Amsterdam's pot laws, and very interesting.

Cognitive_Dissident
Cognitive_Dissident

FUD; fear, uncertainty, and doubt. It's what people who really want something to fail spread.

Corey Donahue
Corey Donahue

¨As a senior partner with a Colorado law firm.¨ Fucking A, really? Some dude we got off the street. What is wrong with you retards? WHERE IS THE PHONE CALL BETWEEN NIXONLOOPER AND THE FEDERAL GOVERNMENT REGARDING A64. Propagand is propaganda. Let´s see how this affects businesses not what was dicussed in a closed door meeting between governmetn officals. WESTRAG!!!

CoreyDonahue
CoreyDonahue

¨As a senior partner with a Colorado law firm.¨

Fucking A, really? Some dude we got off the street. What is wrong with you retards?

WHERE IS THE PHONE CALL BETWEEN NIXONLOOPER AND THE FEDERAL GOVERNMENT REGARDING A64.

Propagand is propaganda. Let´s see how this affects businesses not what was dicussed in a closed door meeting between governmetn officals. WESTRAG!!!

betweenthelines
betweenthelines

Business people make decisions based on what is best for their 'bottom line'. The voters of Colorado voted for freedom. To suggest we should keep en-slaving people because a few Nazi's want to make some extra coin is down right 'UN' American..... I'm thinking over-seas is a good place for them to stay and ponder their financial conquests.....

Stephen At Half Aspen
Stephen At Half Aspen

Bear in mind, I'm a stoner and presently a few bowls past baked so my judgement could be somewhat impaired.

Stephen At Half Aspen
Stephen At Half Aspen

Tim...naw, I try to look at things absent emotion. It provides a clearer understanding. I love this region. That's why I'm here. That aside, I provided a honest assessment from my perspective. If that offended you, well, what can I say?

Bengy Martinez
Bengy Martinez

I don't see how it would apply, as companies follow federal law due to insurance purposes. So it makes no difference if marijuana is legal or not. Companies aren't going to stop drug testing.

Tim Tindle
Tim Tindle

Stephen you are a sad little man

Stephen At Half Aspen
Stephen At Half Aspen

Companies will avoid us because our priorities are askew. Politically we're considered a bit radical, socially we're seen as somewhat intolerant, and economically we're losing ground. We ain't got shit to offer them.

Matt Leising
Matt Leising

Why would it? Also, considering all the new business that marijuana is going to create by itself should we really care?

Stephen At Half Aspen
Stephen At Half Aspen

I agree with Charlie. There's no reason it would even come into play in a corporate decision of that magnitude. You're giving the emphasis on quality of life too much credit. It's not but a tiny portion of a rather large pie.

Charlie Whiskey
Charlie Whiskey

Why would it? I thought companies look for a high quality of life when choosing an area for relocation.

DonkeyHotay
DonkeyHotay topcommenter

 *** Police Seize 10 Pounds of Marijuana ***

Officers from the Lamar Police Department contacted the driver of the Greyhound Bus at Main and Holly and were given permission to deploy a drug detection K9.


The drug detection K9 alerted to a seat in the rear of the bus. A jacket and a pillow were sitting on that seat. Officers located a container with a small amount of marijuana in the jacket pocket. When the pillow was picked up it was abnormally heavy and foreign objects could be detected by feel inside the pillow. On scene investigation and interviews of other bus passengers revealed the individual who had been sitting in the seat when the bus arrived in Lamar.


Officers contacted the individual, who proved to be Jason Ramirez, age 35, of Denver. Ramirez denied being on the bus, although the bus driver was holding a bus ticket in his name. A computer check of Ramirez revealed he was wanted on two outstanding warrants. Ramirez was detained and transported to the Police Annex for further investigation.


A search warrant was applied for and obtained, which authorized officers to check inside the pillow. When the pillow was opened, Officers discovered several individually wrapped bricks which proved to contain marijuana. The total weight of the marijuana was over 11 pounds.

http://www.denverpost.com/breakingnews/ci_22225836/authorities-seize-10-pounds-marijuana

How's that LEGALIZATION working for you now, eh suckers?

A64 Arrest Reduction = ZERO!


vox-populi
vox-populi

For every opportunity lost, a dozen more will be realized.

denverandy
denverandy

Companies continue to relocate here due to the educated workforce and desirable area.  Charter Communications, who has no customers in Colorado, has much of their engineering operations here. Why?  Because they can't get anyone who wants to live in St. Louis or the Midwest and has the skills needed.  Utah may be pretty but has too many Mormons.  Just try and raise children there and not be upset by the proselytizing.   This is yet another "scare tactic" by the Amendment 64 opponents.

dax123
dax123

lol CO has no clue whats about to happen,all the right wing nuts that
think its gonna hurt the state are so wrong.i can already see at least
1m to 2m visitors over a 3 month time in the first year and if these are the only states it will only get bigger :D

tutonehcc
tutonehcc topcommenter

Who cares if Asian Biotech companies have a problem with our Great State of Pot?  Science and Skiing will be things of the past soon.  This state is going to use every useable acre to supply the planet with legal kind bud and for every one company that doesn't see that fit, there will be a 1000 more bidding for prime Colorado legal cannabis real estate and market share.  This is just the beginning folks things are about to really take off and we're all gonna be sitting on a gold mine of ganja dollars!

Juan_Leg
Juan_Leg

What about the MASS production of hemp ? Is there any hope from that angle either ? Or should we all just give up, throw in the towel,  and return to church ?

CloudGang
CloudGang

@Den420ver man, who the fuck are they? That's what im saying you people just expect the government to give you just a little of everything you want. Fool this shit sounds and reads like a socialist regime. I must be the only non stupid stoner in Colorado. what about our children? Does that even cross your mind?

CloudGang
CloudGang

@Den420ver Exactly how do you propose we flourish when NOBODY will be able to sell or exchange cannabis for monies under A64?

DonkeyHotay
DonkeyHotay topcommenter

@betweenthelines = clueless idiot

The PEOPLE of Colorado voted to DENY ANY LEGAL ACCESS to marijuana to EVERYONE under 21 years old. 

The PEOPLE of Colorado voted to CONTINUE to CRIMINALIZE possession of more than 1 pathetic ounce.

The PEOPLE of Colorado voted to CONTINUE to CRIMINALIZE ALL private SALES.

The PEOPLE of Colorado voted to CONTINUE to CRIMINALIZE ALL Public display or use.

With "freedom" like that, who needs prohibition?

DonkeyHotay
DonkeyHotay topcommenter

@vox-populi 

Opportunity is missed by Slacker Stoners because it is dressed in overalls and looks like work. 


DonkeyHotay
DonkeyHotay topcommenter

@daxonlacount ... what stupid stoner would travel 100s or 1000s of miles to Colorado just to get stoned ... when marijuana is available in ANYTOWN in the U$A ?

zz_man
zz_man

@tutonehcc Not if everyone just grows their own.  If the foreign stuff is cheaper, people are going to still get it from there.  

DonkeyHotay
DonkeyHotay topcommenter

@Juan_Leg ... Industrial Hemp is a sucker's bet.

Farmers in Canada, where they've been growing it for 12+ years, are switching back to more profitable grain crops like Corn, Wheat and Soybeans.


Den420ver
Den420ver

It's called Regulations at State level. Where you been? Medical Cannabis is Regulated. This is what the People of Colorado voted for A-64 .

CloudGang
CloudGang

@DonkeyHotay @CloudGang I told you about that story last week! I said I wonder if i sold the busted guy the ten pounds

Anyway.....you should see the k-9 officer here. He wears a huge marijuana patch on his left arm with the agency name all pretty. He is so accomplished with that doggie sniffing every car and semi trailer that is not a local.

Cognitive_Dissident
Cognitive_Dissident

@zz_man If the foreign stuff is a better value, people will buy that. Brickweed has to be a lot cheaper to be a better value, and remember the federal war on drugs is still on, so they have expenses. I think the people who are already consuming pot will be the people who consume pot forward from here, and those people will tend to want to get their hands on fresh local stuff. 

The inability to buy retail may be an issue, which is why people might want to pay attention to who's growing--if they're telling. Remember, patients who've been growing for themselves can now unload their overage, an ounce at a time, which wasn't really possible before without risking the ability to keep producing your own medicine.

What we really need is some sort of low-key exchange. I'd like to move some of what I have for some varieties I haven't tried.

Juan_Leg
Juan_Leg

@DonkeyHotay Did not know this . I'm honestly one of those w/ their fingers crossed that this whole mess somehow works itself out, resulting w/ me being able to crutch down the street w/ an oz in my pocket w/o fear of reprisal ...

DonkeyHotay
DonkeyHotay topcommenter

@CloudGang

HipTip to Traveling Dopers: avoid the fascist swine in Lamar ...

... especially if you are on a bus where the driver can/will surrender your 4th Amendment rights.


DonkeyHotay
DonkeyHotay topcommenter

@Cognitive_Dissident "Remember, patients who've been growing for themselves can now unload their overage, an ounce at a time ..."

Bullshit!

A64 does NOT allow ANY private sales -- not a single gram!

DonkeyHotay
DonkeyHotay topcommenter

@Juan_Leg

Sucks to live in Fear of Big Goverment ... don't it?

... the same Big Government you now bow to and worship with your offerings of TAX revenue.

... all in exchange for a pathetic ounce.


Now Trending

Denver Concert Tickets

From the Vault

 

Loading...