COLORADO: It’s been about eight months since the U.S. state of Colorado legalized recreational marijuana. A new study shows cannabis shops are pouring a lot more money into the community than more traditional retail stores. CCTV America’s Hendrik Sybrandy reports from Denver.
As marijuana outlets try to find their footing in Colorado, they’re looking for ways to help convince cities that are new to cannabis to let them do business there, too.
Tim Cullen, the co-owner of Colorado Harvest Company, recently commissioned one of those studies to find out just how much his venture was benefiting Denver economically. The research found selling marijuana makes good business sense.