Colorado’s 3rd-Largest City Preps for Retail Cannabis Sales

The Denver suburb of Aurora is moving forward with the launch of recreational marijuana sales.

Aurora – the third-largest city in Colorado with a population of nearly 350,000 – has officially closed its application window for cannabis shop licenses. The city received a total of 57 applications, according to the Denver Post.

It has set a cap of 24 retail cannabis business licenses, so more than half the applicants will lose out on a permit.

Officials will now review the applications to ensure they meet baseline requirements. Entrepreneurs who want to open a cannabis shop must have $400,000 in reserves, for instance, and prior experience in the industry. They also must already have a lease in place or have purchased property for the shop.

The city will then score applicants based on a variety of criteria.

The first retail stores could open as soon as Oct. 1.

Employing a selection process for a limited number of licenses is a unique approach in Colorado, though it has proved popular in other states and municipalities – most recently in several Nevada cities.

Denver-based retail shop owners will be keeping a close eye on developments in Aurora. Retail stores in the populous suburb will likely siphon off business from customers who have previously traveled into Denver to procure cannabis products.

Daily News | Briefs | Colorado Medical Cannabis Business & Marijuana Legal News | Recreational Marijuana News

 1 Comment

  1. Linda Lowry August 9, 2014

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