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Home 🌿 Marijuana Business News 🌿 Will Denver Okay a Two-Year Moratorium on New Pot Businesses? 🌿Will Denver Okay a Two-Year Moratorium on New Pot Businesses?
The Denver City Council could put a hold on new marijuana dispensaries this week as it considers a two-year moratorium on medical marijuana businesses and a two-year extension on dispensary license transitions.
If both are approved when the council's Business Development Committee meets on Tuesday, only medical marijuana dispensaries open since October 2013 and in good standing with the city could apply for a license to sell retail marijuana for the next two years, while new medical marijuana dispensaries would be prohibited for the same amount of time — essentially freezing out any new dispensaries, medical or recreational.
"We believe that this proposal is in the best interests of all stakeholders as we remain true to creating a responsible industry that is regulated in a manner to protect health, safety and quality of life of our citizens," the bill, proposed by Denver Excise and Licenses and the Office of Marijuana Policy,...
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