By STEVEN NELSON
Marijuana smoke rises at a pro-pot ‘4/20’ rally in downtown Denver, Colo., April 20, 2010. The 2013 ‘4/20’ celebration will be the first since Colorado legalized the drug.
Colorado legislators announced legislation for regulating legal marijuana businesses Friday as ecstatic potheads flocked to Denver to light up in public Saturday in celebration of the first “4/20” since Coloradans voted to legalize the drug in November.
The proposed legislation would allow out-of-state residents to purchase one-fourth of an ounce of marijuana “during a single transaction.” It also would allow existing medical marijuana businesses to apply for retail licenses on October 1, three months ahead of other would-be retailers.
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