News, September 26th

WEED REGS APPROVED BY CARBONDALE

Carbondale—The Carbondale Board of Trustees voted 5 to nothing to approve regulations for retail marijuana shops.  The new regulations go into effect next Tuesday, October 1st.  Carbondale is the first municipality in Garfield County to adopt regulations in accordance with the voter approved Amendment 64. 

INVESTMENTS BEING MADE IN MARIJUANA

Denver—Some people think legalized weed is going to bring big bucks to Colorado.  The ArcView Group, a marijuana investment firm is pouring in over a million dollars into the industry.  CEO Troy Dayton says about two dozen companies have already pitched deals calling for capital investments ranging from 100 thousand dollars to 24 million.   ArcView was started three years ago and involves about 80 investors from across the United States and a few other countries.  Dayton says most investors are already involved in the marijuana industry but with the legalization of retail weed in Washington and Colorado, more are jumping on board.

COLORADO SCHOOL BROADBAND DEBACLE COSTING MORE

Denver—A three-year project to improve broadband service for Colorado schools still isn’t done and is costing more money.  Eagle-Net Alliance of Westminster initially got a grant for over 100 million dollars to link Colorado’s 168 school districts to a broadband network by last month.  The intergovernmental group didn’t reach even half that number and now the president, Mike Ryan, tells lawmakers it’s going to take another 17 million dollars to finish the job.  Ryan says the original grant money will cover about 85 percent of the school districts by the end of next year.  Some Colorado telecommunications companies accuse Eagle-Net of duplicating existing infrastructure.

JOHN DENVER STATUE BEING MOVED FROM ASPEN

Aspen—The famous, big, bronze statue of John Denver near Aspen is being moved to the Mile High City.  The statue is being moved from the Windstar Foundation property the singer donated many years ago to another place of honor, the Colorado Music Hall of Fame.  The Windstar Land Conservancy and the Rocky Mountain Institute sold the Pitkin County property for 8 million dollars and the statue had to go.  Denver was the first person inducted into the state’s music hall of fame two years ago. 

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