The Silicon Valley of marijuana
Mark Morley looks out over 30 acres he owns east of Pueblo, Colorado, and imagines the future. On this blustery May afternoon, there’s little more than mud and puddles here, bordered by highway and railroad tracks and flanked by farm buildings and rolling hills. But by the end of September, if all goes well, he’ll be looking at a pungent green thicket, as 14,400 marijuana plants reach their full 8-foot height. It’s one of several major outdoor grows launching this summer in Pueblo County. Eventually, Morley plans to expand onto another 1,500 acres, investing in center-pivot irrigation, greenhouses and processing facilities able to handle 40,000 plants.
Morley, 55 and dressed in jeans, flannel shirt and a Tigers baseball cap, is a major Colorado Springs real estate developer. After a marijuana dispensary opened in one of his buildings, he realized how lucrative the business could be. “Why,” he wondered, “am I...
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