Colorado’s State-Licensed Pot Shops Are Open For Business

Forbes-Magazine-Logo-FontKayvan Khalatbari, co-owner of Denver Relief, predicts that “people are going to be able to sell eighths for 60, 70, 80 bucks for the first few months.” His dispensary, one of 136 retail outlets in Colorado that have been granted state licenses for recreational sales so far, has not received local approval yet, but he’s in no hurry. “We’re not going to be open until mid-to-late February,” Khalatbari says, and at that point Denver Relief will continue catering mainly to patients, selling about a fifth of its production to a members-only clientele of recreational users. “There are going to be a lot of places that, even though they have that [recreational] license, they’re not going to be able to take care of people,” he says. His advice to residents of other states who are contemplating a Colorado cannabis tour: “I would say to wait a couple months, let it die down. I think they’re going to have a tough time, and they’re going to pay way too much these first few months, because the supply is so limited.”

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