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Showing posts from February, 2014

THE RENTAL INDUSTRY AND LEGALIZED MARIJUANA: CASTING LIGHT ON PROPERTY OWNERS COMMON CONCERNS

Recent changes to Colorado law have created a ripple effect through many local industries. Amendment 64 legalized the recreational use of marijuana and blurred policy boundaries that were once clearly defined in the rental industry. As a result, there is some confusion over how to best install and maintain appropriate rental policy standards.
Here are a few quick facts that are sure to help:
Both Federal and Colorado law give power to the property owner to determine rental property policy.A smoke-free policy is still enforceable and can include prohibiting the use of marijuana.Updating policy documentation to specifically reference use (or non use) of marijuana is recommended.Property owners may still require drug testing as a condition of employment According to Amendment 64, “nothing shall prohibit any person who owns or controls a property from prohibiting or otherwise regulating the possession, consumption, use, or growing of marijuana on that prop…