More Than 100 Recreational Marijuana Shops In Line To Open In Colorado

The Senate has passed a bill that removes the excise tax on producers and processors of recreational marijuana.

COLORADO:  Colorado could have more than 100 recreational-marijuana stores open Jan. 1, according to newly released numbers from the state’s Marijuana Enforcement Division.

The division, which oversees Colorado’s regulation of marijuana businesses, accepted 136 applications in October from people seeking to open recreational pot shops. The division also accepted 28 applications for recreational marijuana-infused-products businesses and 174 applications for recreational cultivation facilities.

The businesses that applied in October will have a decision made on their applications by the end of the year, said Julie Postlethwait, a spokeswoman for the Marijuana Enforcement Division. That means they are in line to open Jan. 1, the earliest date for recreational-marijuana sales in Colorado.

By law, all of the applications came from people currently operating medical-marijuana businesses in Colorado. But the tallies represent just a fraction of the state’s medical-marijuana industry.

Colorado has 517 medical-marijuana dispensaries, 138 medical-marijuana-infused products businesses and 736 medical-marijuana-cultivation facilities, according to the Marijuana Enforcement Division.

 

Read full article @ Denver Post

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