Colorado poised to surpass 3,000 active marijuana business licenses in the first half of 2017
A new market report by University of Denver’s Daniels College of Business Assistant Professor Paul Seaborn finds that active marijuana business licenses in Colorado have hit an all-time high of 2,913 as of Dec. 1, 2016. Each state license issued by the Colorado Marijuana Enforcement Division grants the holder permission to operate a marijuana store, cultivation facility, manufacturing facility or testing facility at a specific location.
“When recreational marijuana was legalized in January 2014 there were 1,708 active licenses in Colorado so the state has experienced a 70 percent increase in licenses in just under two years,” says Seaborn. “While the total number of active licenses should exceed 3,000 during 2017, the long-term outlook is unclear. Some areas of Colorado such as Denver have introduced caps on the number of licenses, legalization in California and other states may impact Colorado and there is uncertainty over incoming federal government’s position on...
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