The Colorado retail marijuana industry is opening its doors to all applicants on Tuesday in a sweeping transformation of the policies that monitor Colorado’s legal marijuana market. Previously, only established entrepreneurs of the medical industry could have applied for a recreational license.

Additionally, marijuana businesses were at first required to offer a general swath of marijuana services, and any weed sold must have been grown by the store itself. Starting this month, however, marijuana businesses are allowed to specialize in specific avenues of the industry — this means that soon there will be businesses in Colorado dedicated purely to cannabis cultivation, or perhaps businesses that focus on marijuana-infused edibles, or even 100% retail businesses that don’t actually produce any product.

Though ambitious individuals from outside the medical industry can now legally attempt a foray into the retail marijuana market, applicants are still required to be Colorado citizens.

The new businesses are expected to open sometime in October, but experts are unsure what effect these changes will have on Colorado’s retail market. “We are going into uncharted territory,” explains Sam Kamin, a University of Denver law professor. Kamin has been following Colorado’s recreational marijuana industry since it went legal at the beginning of this year. “It’s something that hasn’t happened in medical, and it hasn’t happened in recreational,” he said.

As of mid-June, nearly 300 individuals had expressed interest in applying for a license this month. The ratio of applicants hoping to start up retail locations vs. cultivation-only businesses remains unknown. Also, hopeful individuals who actually follow through with their applications are going to face zoning laws and local moratoriums across the state, which may hinder some fledgling marijuana businesses.

“It’s tough to know how many people are really going to apply,” said Mike Elliott, executive director of the Marijuana Industry Group. “Running a marijuana business is much, much more difficult than it might initially appear.”

In the first four months of legalization, Colorado raised more than $200 million in marijuana sales. Two thirds of that revenue, however, is linked to the still-thriving medical industry. By those numbers, the recreational market is actually seeing less demand than was originally expected, which means that the latest applicants for retail licenses might face trouble finding a sufficient customer base to justify their business investments.

Between that bit of discouraging statistics, the strict zoning laws and moratoriums of many Colorado cities, and the dramatic head start that medical-based retail stores got in January, new cannabis industry entrepreneurs in Colorado have their work cut out for them. “Right now,” Elliott said, “we don’t really know what the market can bear.”

Meanwhile, retail stores in Washington State are scheduled to open their doors in one week’s time. Washington’s market is different from Colorado’s in that it was designed from the very beginning to allow specialization among industry members. Producer and processor licenses were issued months ago, meaning the state’s first crop of recreational marijuana is set to unveil during the July 8 grand opening.


Photo Credit: Brett Levin


Do you own a cannabis industry business? Create a listing in our directory and get discovered by new clients - Click Here

| Categories: Cannabis Business News Recreational Cannabis News

Learn about cannabis businesses:

View the directory | Get featured here

  • CannaPlanners

    CannaPlanners is a full service design and web agency, dedicated to normalizing the cannabis industry through professional and beautiful design services. From logos to packaging design, trade-show materials to t-shirts and hats - we've got all your creative needs covered. Our turnkey WordPress site builder allows for great-looking sites at affordable rates. Let our creative team tell your story!

  • Lightning Labels

    Lightning Labels uses state-of-the-art printing technology to provide affordable, full-color custom labels and stickers of all shapes and sizes. From small orders for individuals to the bulk needs of big businesses, Lightning Labels is equipped to handle and fulfill custom label and product sticker orders of all types. Best of all, like the name implies, Lightning Labels provides exceptionally quick turnaround for all your printing needs.

  • TRIM Media House

    TRIM Media House is a full-service digital marketing agency with a heavy focus in visual content creation, website design, photography, and videography. If you are trying to navigate the digital arena when it comes to your brand, we would love to talk to you!

  • Green Fields Accounting

    We have a full bookkeeping service to help you keep your financial statements compliant. We are also experts in taxation. We keep informed of all the latest industry tax changes. We are also Enrolled Agents who are experts in defending our clients in audits with the IRS. We can also help with sales and excise taxes applicable to your business. We will make sure you understand Form 8300 and take care of the e-filing of this form.

  • The Hybrid Creative

    We are an award-winning, full spectrum creative agency with expertise in cannabis and eCommerce. We have supported the creative strategy and successful growth of cannabis brands such as Care by Design, Korova, Bhang, AbsoluteXtracts, Wildflower, and BDS Analytics. Website design and development, company and product naming, logo design, brand development, brand strategy, packaging, labeling, marketing collateral, sales tool kit collateral, digital marketing strategy, and social media support are a few of the many services we offer. If you’re looking for an experienced, forward-thinking, creative agency with a proven track record of success to elevate your brand and empower your success, welcome to The Hybrid Creative!

  • GRND: Global Recruiting Network Development

    GRND is a global recruiting agency that specializes in executive recruiting. GRND recruits and retains elite professionals that bring leadership, ethics, professionalism, and innovation to the cannabis industry. At GRND, we’ve created a culture of community that stretches across continents. We value our candidates and clients by bringing value to their lives and businesses. When we work together, we grow together. Ready To Grow?

  • CORE Security Solutions

    CORE Security Solutions, Inc. provides security services to a wide array of clients, including the rapidly growing cannabis industry. We are fully licensed and insured by the California Bureau of Security and Investigative Services (BSIS). We currently provide security services to several local cannabis dispensaries in the Bay Area and secure transport and delivery services for cannabis products and proceeds throughout California. Our security specialists are all licensed and our transport vehicles are equipped with secure storage and GPS tracking.

  • was founded as the trusted gateway for patients searching for medical marijuana treatment in legal medical marijuana states. We provide patients visibility and transparency in selecting a doctor and setting an appointment for a medical marijuana evaluation including detailed profile information, scheduling information, and ratings and reviews.

  • IndicaOnline

    IndicaOnline is the most trusted Point-of-Sale software in the Medical Marijuana Industry across the U.S. and Canada. Founded in 2010, IndicaOnline combines an intuitive iPad POS software, a user-friendly interface, and an all-in-one hardware unit to accommodate every aspect of a medical marijuana business.

  • HappyChap Creative

    An upstart design/build/create/help/strategize agency based in the Pacific Northwest. We help good people & companies get the recognition they deserve through clever, honest communication and the right look. We love working with cannabis brands who set a high bar for quality and who emphasize the positive impact that cannabis legalization will have on the world.

  • CO2Meter

    CO2Meter, Inc. is a Florida based business specializing in the design and manufacturing of gas detection and monitoring devices – mainly Carbon Dioxide. Our CO2 monitors satisfy the current fire code regulations necessary for all cannabis grow house and extraction facilities. Our business partners in agriculture, HVAC, science, safety, research, pharmaceuticals, beverage, and other fields find our devices to be highly accurate and cost effective.

  • Gehl Search Partners

    Gehl Search Partners (GSP) finds the best talent available for a wide range of positions. Our specialty is in professional recruitment within highly regulated industries such as cannabis, adult beverage, and FMCG/CPG throughout the US & Canada. Our primary focus is in sales, marketing, strategy and planning, finance, and accounting roles. We collaborate with our clients to identify, attract and onboard accomplished executives in mid level to senior level roles.

Want a job in the cannabis industry?

Sign up to apply for unlimited jobs and get discovered by companies who are hiring

Post Your Resume View all jobs

Best vacancies

June 18, 2018

Subscribe for daily cannabis news, announcements, and business insights.

читать дальше