Seattle to Denver: A Tale of Two Cities’ Marijuana Economies

Seattle to Denver: A Tale of Two Cities’ Marijuana Economies

The U.S. now has two states with two separate cannabis economies. Colorado was the first to get a recreational business up and running, while Washington is severely lagging behind a backlog of paperwork. What Washington lacks in speed, though, it seems to be making up for in a better revenue growth model.

Different Strokes for Different Tokes

Colorado and Washington have similar laws regarding recreational marijuana. The biggest difference is in how dispensaries get their product.

Colorado dispensaries hit the market first because they were controlling their own supply. State lawmakers decided it best to limit the sale of third-party cannabis products through dispensaries, forcing these business owners to grow their own. The state also recently loosened the law, allowing any adult Colorado resident to apply for a retail marijuana business license.

http://cannabisnowmagazine.com/current-events/joint-opinions/seattle-to-denver-a-tale-of-two-cities-marijuana-economies






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