Audit Find Flaws in Colorado's Regulation of Medical Marijuana
KREX News Room
DENVER - A state audit reviewing Colorado's medical marijuana industry is shedding light on some problems with how it's being regulated.
The audit, released Tuesday, says that the Medical Marijuana Enforcement Division is doing a poor job of and is in need of dramatic overhaul.
The audit finds that Colorado's seed-to-sale tracking of pot plants never materialized because the regulators ran out of money to implement it.
Auditors also say that the pot regulators in some cases approved licenses for marijuana businesses that should have been rejected.
The audit identified about $760,000 dollars in under-reported sales tax revenue for 2011 and 2012.
The Medical Marijuana Enforcement Division is being closely watched because the agency is likely to oversee recreational pot sales.