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Colorado Work Group Eyes New Tools to Stop Water Profiteering

Imposing hefty taxes on speculative water sales, requiring that water rights purchased by investors be held for several years before they can be resold, and requiring special state approval of such sales are three ideas that might help Colorado protect its water resources from speculators.

The ideas were discussed Wednesday at a meeting of a special work group looking at whether Colorado needs to strengthen laws preventing Wall Street investment firms and others from selling water for profit in ways that don’t benefit the state’s farms, cities and streams.

Opinion: Speculators Buying Up Colorado Water Rights? Part Seven

Buying water from Colorado farmers and ranchers and other water users, to provide it to California and Arizona farmers and ranchers, and to casinos in Las Vegas, Nevada, is not a simple matter. But a fair number of Colorado water experts, and financial experts, and agricultural experts, have been working with the Colorado Water Conservation Board to design a workable process.