Colorado MJ Industry Begins Major Transformation
function share_this(num) {
 tit=encodeURIComponent('Colorado MJ Industry Begins Major Transformation');
 site = new Array(5);
 return false;

Colorado MJ Industry Begins Major Transformation
Posted by CN Staff on July 02, 2014 at 06:06:07 PT
By John Ingold, The Denver Post
Source: Denver Post
Colorado -- Only six months old, Colorado's recreational marijuana industry starts a transformation Tuesday that could add hundreds of new pot businesses to the state and reconfigure the market's architecture.Previously, only owners of existing medical marijuana shops could apply to open recreational stores, and all businesses had to be generalists, growing the pot that they sold. The model matches what is required of medical marijuana dispensaries.
Starting Tuesday, newcomers to the industry can apply for recreational marijuana business licenses. What's more, when these new businesses begin opening in October, all recreational marijuana companies will be allowed to specialize  as wholesale growers without a storefront, for instance, or as stand-alone stores that don't grow their supply. The only requirement is that owners be Colorado residents."We are going into uncharted territory," said Sam Kamin, a University of Denver law professor who has tracked developments in Colorado's marijuana industry. "It's something that hasn't happened in medical (marijuana), and it hasn't happened in recreational."How the new rules will ultimately impact the industry, though, is unclear.As of mid-June, 292 people had filed optional notices with the state saying that they planned to apply for a recreational marijuana business license starting July 1. The notices don't say how many of the would-be business owners want to open stores versus cultivation companies.It also remains to be seen where those businesses will all go. Many cities  including the state's second-largest, Colorado Springs  still have bans on recreational marijuana businesses. Denver, home to the majority of recreational stores in Colorado, has a moratorium on applications from newcomers until 2016.SnippedComplete Article: Denver Post (CO)Author: John Ingold, The Denver PostPublished: July 1, 2014Copyright: 2014 The Denver Post Website: openforum denverpost.comCannabisNews  -- Cannabis  Archives 
Home Comment Email Register Recent Comments Help 

Post Comment