Colorado Nears 3,000 Active Marijuana Businesses

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Two years after legalizing recreational marijuana in the state, Colorado is nearing another milestone: 3,000 business licenses for pot.

The number of marijuana business licenses has increased by about 70 percent in the two years since recreational marijuana was legalized in Colorado.

A professor at The University of Denver has spent a lot of time in 2016 compiling data about Colorado's marijuana industry.

His main finding is that active marijuana business licenses are at the highest number they've ever been – 2,913 – as of Dec. 1, 2016.

Assistant Professor Paul Seaborn of DU’s Daniels College of Business says the majority of those licenses are for medical marijuana businesses.

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Assistant Professor Paul Seaborn of DU’s Daniels College of Business is studying Colorado's marijuana business licenses.   

“The first number that jumps out is the total number in our state,” Seaborn said....

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