Starting a process which will soon result in the opening of cannabis retail outlets throughout the state, Colorado will officially begin accepting applications tomorrow (October 1st) for those wanting to open a recreational cannabis business.
During this initial application period, only existing medical cannabis outlets will be allowed to apply for a retail license. Of the 522 dispensaries in the state, at least a couple hundred are expected to apply.
Those applying will pay a $500 application fee. If they’re accepted, they’ll pay $14,000, $8,750 or $3,750 for a business license, dependent on the outlets size. Those wishing to cultivate cannabis will be required to pay $2,750; those wanting to infuse edible products with cannabis must pay an additional $2,750.
There are roughly 30 cities in the state that are currently expected to allow cannabis retail outlets.