Colorado Retail Marijuana Application Rules Changed to Open Market

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Dispatches from the Highlands

Marijuana news from contributing authors and staff writers on the latest in marijuana and medical marijuana

October 21, 2016
Denver, CO

It’s been exactly six months since legal retail marijuana sales began in Colorado, and today is the first day that retail marijuana business licenses are open to all applicants — not just those who previously held medical marijuana licenses.

Click here for an application checklist and the required application forms. Please note that these licenses would not go into effect until October 1, 2014, and businesses would still require local approval.

In these brief six months, the Centennial State has already experienced overwhelmingly positive results! There has been a 10.1% decrease in overall crime from 2013. As of May, the state had collected $10.9 million in taxes from adult use stores alone. The Department of Revenue has licensed nearly 600 retail marijuana businesses — including dispensaries, cultivators, and infused products manufacturers — and 10,043 individuals to work in the industry.

Collateral sectors are also feeling the love, especially in the tourism industry. Colorado ski resorts enjoyed a record-breaking season, with 12.6 million visitors, and 14 million Denver tourists spent an all-time high of $4 billion. More families and businesses are also moving to the Mile High City. In 2013, Denver attracted more sales of single-family homes last year than during the housing boom, and is ranked among the top commercial real estate markets to watch.



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