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New Colorado law boon for cannabis capital, but concerns remain for minority businesses

New Colorado law boon for cannabis capital, but concerns remain for minority businesses

December 5, 2019 | Nick Thomas

Colorado Gov. Jared Polis was lauded in May when he signed into law legislation allowing outside money to be invested in the state’s cannabis industry.

Since the law went into effect Nov. 1, outside capital has already begun flowing into Colorado marijuana businesses.

For example:

  • Denver-based Medicine Man Technologies through the year announced an almost $300 million series of acquisitions in the state anticipating the new law and boosted by funding from Florida-based private equity group Dye Capital.
  • New York-based multistate operator Columbia Care said on Nov. 5 it planned to buy Colorado dispensary chain The Green Solution for $140 million.

New Colorado law boon for cannabis capital, but concerns remain for minority businesses






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