Colorado wants to keep investors from flipping water rights. Let the speculation begin.
Legislators want to tackle water speculation after two companies buying up water rights in Grand Valley and the San Luis Valley sparked fears
The Colorado Sun
Want to understand water speculation in Colorado?
Let’s say you’re in line at a pizza shop.
Hear us out.
There’s a big sign at the pizza counter saying, “Limited quantities due to climate change. Buy only what you can eat.”
But the guy in front of you buys five pizzas for $20 each. He starts reselling them by the slice for $5 a piece. The store owner says, “You can’t do that here.”
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The pizza glutton walks away, saying, “Fine. I’ll put them in the freezer and I’ll eat it all later.”
Do you believe him?
And if you don’t believe him, what are you going to do about it?
Read more via The Colorado Sun.