Last night, the Denver City Council voted 7-5 in favor of placing a limit on new cannabis businesses’ in Colorado’s cannabis capital.
By this slim vote, the marijuana dream of opening a dispensary in Denver were likely shattered for many hopeful ganjapreneurs. The vote puts an end to Denver’s moratorium on new businesses and will implement a lottery system for new businesses.
There will be no new dispensary licenses handed out and it sounds like the “lottery system for new businesses” will be a very, very limited one if at all.
This decisions means those looking to cash in on Colorado’s green rush must try their hand at gaining licenses in Denver’s neighboring Aurora and Commerce City or look into mountain cities.
The inevitable dispensary plateau has finally hit in Denver.