You are here

Home 🌿 Recreational Marijuana News 🌿 Aurora recreational pot venture going well after first six months 🌿

Aurora recreational pot venture going well after first six months

Warning message

The subscription service is currently unavailable. Please try again later.
Submitted by Marijuana News on Mon, 04/27/2015 - 01:26

Six months into Aurora's venture of recreational marijuana sales, city officials say after a slow start everything is going about as well as could be expected.

In January, the city collected about $103,000 in tax revenue and another $109,000 in February. In the last three months of 2014, as a few stores opened, Aurora earned a little over $100,000 total.

By the end of 2015, the city expects to have between $1.5 million to $2 million in revenue from legal pot sales.

And those who waded through the process and claimed one of the city's 24 licenses are starting to see big dividends.

With no previous pot sales, Aurora used a point system to rank and issue 24 recreational marijuana business licenses — four in each City Council ward or district — and so far 23 licenses have been awarded. The point system...

Rate this article: 
Region: 
Colorado

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.


URL: 
http://www.denverpost.com/marijuana/ci_27994446/aurora-recreational-pot-venture-going-well-after-first

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.