Colorado Cannabis LicenSes
On November 6, 2012, Colorado voters passed Amendment 64, legalizing the use and regulation of recreational cannabis. Two years later, Colorado started issuing licenses, and since then, the cannabis business in Colorado has boomed. Sales have increased every year since the market opened in 2014, and they show no signs of stopping. Even the economic slowdown COVID-19 pandemic caused could not slow the industry down. In fact, cannabis sales in 2020 increased 25% to $2.19 billion when compared to 2019. If you’re looking to get involved in this lucrative industry, we have some helpful information for you below; keep reading to learn more!
There are eight types of cannabis business licenses available in Colorado; four recreational licenses and four are medicinal licenses. A business can hold both a recreational license and a medical license, but will have to apply for each one separately.