Denver council faces marijuana question worth millions to investors
Proposed amendments to measure setting caps on pot shops and grow houses could target pending applications
When the Denver City Council introduces a proposal Monday that would cap the number of locations of pot shops and grow houses, Truman Bradley will be among dozens of investors waiting nervously.
The measure, which is intended to protect neighborhoods already saturated with marijuana cultivations and dispensaries, has found grudging acceptance by much of the marijuana industry. But as the council begins a floor debate over amendments, the biggest dispute is whether to stop pending license applications — like those pursued by Bradley and his business partners — before the city sets the caps.
For Bradley's team, $3 million is at stake. That's how much he says they have spent to lease a property in an industrial area of Montbello, hire...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin