Colorado Recreational Cannabis Application Process Opens to Everyone 21+
For the first six months of legalized cannabis sales in Colorado – which began on January 1st – only those already operating a medical cannabis facility were able to apply for a license to be a recreational cannabis producer or distributor. However, the rules change beginning today, July 1st. Now anyone 21 and older can apply for a license, and cannabis outlets won’t be required to also be a medical cannabis dispensary.
The move is expected to greatly increase the number recreational cannabis outlets throughout the state. Currently there are just a few dozens locations that sell recreational cannabis. Over 300 people have filed notices with the state that they intend to apply for a recreational cannabis business license today; the notice is optional, so the number of actual applicants is expected to be considerably higher.
Although only a limited number of recreational cannabis outlets are open, there were $22 million of recreational cannabis products sold in Colorado in the month of April, which garnered over $3.5 million in taxes for the state.