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Marijuana rescheduling leaves regulators and sellers cautiously optimistic

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A move by the Biden Administration to change how marijuana is treated by federal authorities was met with cautious approval by Massachusetts state regulators, cannabis sellers, and national marijuana advocates alike.

The Drug Enforcement Agency will drop marijuana from the list of banned substances found under Schedule I of the Controlled Substances Act, where it currently sits alongside heroin and LSD. It will instead move it to Schedule III, among the likes of Tylenol with codeine and anabolic steroids. This follows the recommendation of the Department of Health and Human Services

“Rescheduling cannabis is a monumental step forward for the federal government, one that can open new avenues to research, medical use, and banking for the regulated industries states like Massachusetts have built across the country,” said Ava Callender Concepcion, the acting chair of the Bay State’s Cannabis Control Commission.

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These Denver neighborhoods have attracted cannabis businesses in a big way, but not much else

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Roger Cobb has spent his life in Denver, bouncing around different neighborhoods before coming to settle in Northeast Park Hill. When he rides his new motorcycle — named Purple Rain — around the city, he notices how community resources are distributed.

“If you cross (Quebec Street), there’s about six, seven, eight different pools over there,” Cobb said last week at the Northeast Park Hill Coalition’s June membership meeting. “We have, really, two.”

Celeste Leonard, 14, drops into the deep end of the pool from the slide at the Hiawatha Davis Jr. Recreation Center in Denver Friday, June 21, 2024. (Photo by Andy Cross/The Denver Post)

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Real estate shortage: Metro Denver has more than 70,000 “missing households”

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AUSTIN — Even if population growth in metro Denver came to a screeching halt, the region would still need to add tens of thousands of new homes and apartments to cover a deficit built up after a decade of under construction, according to an analysis from Zillow.

The country has seen the strongest pace of new home construction since 2007, the final year of the housing boom. Even with that, Zillow estimates that the country’s housing deficit rose from 4.3 million units in 2021 to 4.5 million in 2022, the most recent year available for analysis.

“We desperately need to build more housing,” said Orphe Divounguy, a senior economist at Zillow, during an interview at the National Association of Real Estate Editors in Austin on Tuesday.

Read the rest of this story on TheKnow.DenverPost.com.



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Colorado mountain lake with ties to Chief Niwot selling for $12.5 million

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A historic 90-acre Boulder County mountain resort with ties to Chief Niwot is up for sale.

Frequently visited by the Arapaho tribe as a summer retreat, Gold Lake has also served as a mining camp, girl’s camp, resort and mentoring center for young men since the 1800s, according to Boulder County records.

The property just east of Ward is now for sale, with Colorado real estate firm Slifer Smith & Frampton attaching a $12.5 million price tag and extensive redevelopment plans.

Read the rest of this story on TheKnow.DenverPost.com.



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