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Colorado Serves as Template for Marijuana Business

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Submitted by Marijuana News on Tue, 07/12/2016 - 08:56

Nevada takes lessons from Rocky Mountain State.

One billion dollars in marijuana was legally sold in Colorado in 2015. Colorado has become a case-study for states, including Nevada, facing ballot initiatives this November to legalize recreational marijuana. A contingent of industry representatives and lawmakers recently traveled to Denver on a fact-finding trip. 8 News NOW also made the trek.

Nevada, California, Maine and Florida have recreational marijuana on the ballot in November. Other states like Arizona are waiting on signatures to be verified to qualify for the ballot.

These states are all watching Colorado. Medical marijuana has been legal there since 2000, and voters approved recreational use in 2012.

Recreational sales started in 2014, and in the two years since, Colorado's marijuana industry as a whole has blossomed into a billion-dollar boon. There are more than 600 dispensaries in Colorado, 216 of them in Denver alone. Last year, total marijuana...

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Las Vegas Now
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