Feds Prepping To End Colorado’s Marijuana Party?

The pot industry in Colorado is undergoing a massive makeover as it prepares to begin selling marijuana for recreational use legally under state law. Businesses are ramping up production, and trade associations are cleaning up their image, anticipating what could be a billion-dollar industry.

But the entrepreneurs who are hoping to cash in on the “green rush” starting next year are struggling with the unique challenges of conducting a business that the federal government considers a crime.

The state’s pot producers and retailers are having trouble securing business financing because banks won’t give them loans — and most of the time, not even an account.

State lawmakers are about to shake up the marketplace in unpredictable ways with regulations covering everything from the shape of containers to the labeling required for pot-laced brownies and other “infused products.”

And business owners say they’re anxious about the intentions of the federal government, which could seize millions of dollars they have invested or even send them to prison. At a hearing in the Senate Judiciary Committee earlier this month, Attorney General Eric H. Holder Jr. said that he would soon announce a response to the initiatives in Colorado and Washington last year legalizing pot for recreational use. The federal government, which deems marijuana a controlled substance, could upend the plans of Colorado entrepreneurs at any moment.

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