I cannot say anything for certain.
But, I live in Colorado Springs. It is the second largest city in Colorado - as similar as you can get to Denver for comparison. Unfortunately, my
city was just a tad bit too conservative to allow for recreational sales so we are missing out on all those tax markets. (Denver and Pueblo have a
monopoly on recreational sales taxes right now). However The Springs' medical marijuana market is still booming. On the East / Northeast sides of
town businesses are popping up like mad. Seriously - in the past year within a 3 mile radius of my house there has a hotel, two new strip malls with
various stores (five guys, verizon, etc.) senior community, massive apartment/townhome complex, western outfitters, countless restaraunts, golf
course, and I am sure I am missing a few.
I do not have any links or articles to back it up unfortunately - and I cannot tie all of these new business to the marijuana growth.
But I can honestly say I have not seen businesses popping up in my immediate area on a scale even near this since about 2005.
Also, "head shops", "smoke shops", or "glass shops" whatever you prefer to call them
That market is certainly exploding those things are
popping up EVERYWHERE!
Always congregating around the marijuana shops. Another thing - "Vape Lounges" are popping up all over. These are mainly for Ecig enthusiasts.
One tidbit I have heard from others and clarified: The MSM will tell you that public consumption of marijuana is still illegal in Colorado thus there
are no 'marijuana bars' with adults allowed to smoke within. This is false. In my city there is 2 or 3 lounges where you can sit down, pay 5-15$ and
then you can sit down and smoke as much as you want. It is usually hash in these places. So it has certainly created a market of ALL different
Not to mention the products carried in the marijuana shops themselves. People from medical states do not realize.
Today they have pot brownies, pot soda, pot alcohol, pot candy, pot popcorn, pot topicals, pot tincture, pot energy drinks, literally ANYTHING you can
imagine edible or drinkable they have it in pot form now. All of this stuff is produced in dozens of companies throughout Boulder and Denver and is
distributed across the state. Marijuana apparel....haha
I apologize for my rant it is rather late.
My point is the amount of possibilities that have been opened in Colorado are limitless right now! You want to go into the marijuana industry??
Choose your pick! There must be dozens of sub-industries already.
Also, this is pure speculation on my behalf but I believe I have noticed an uptick in out of state licence plates recently. Of course it is summer but
before then too.
ETA: As for the number of pot shops, they exploded a few years back. There way WAY WAY to many. It has evened out now though with competition as
the bad shops were eliminated and I think the amount now is pretty perfect. Also in the past couple months several new ones have came up.
I imagine Denver had a similar trend. From what i have read - many medical marijuana shops in Denver converted to recreational shops once 2014 hit.
edit on 8-7-2014 by lightedhype because: (no reason given)