- Associated Press - Wednesday, June 7, 2017

DENVER (AP) - Chain retailers in Colorado have been opening more cannabis stores than entrepreneurs.

The Marijuana Business Daily reported (https://bit.ly/2r2qAyR ) Monday that nearly one in three cannabis stores in Colorado are currently operated by a chain retailer.

The increase of chain retailers is a sign “mom-and-pop” shops could be faded out by larger companies.

Data from the state Department of Revenue shows the percentage of individual stores owned by retailers with three or more locations has risen more than 12 percentage points from January 2015.

In addition, about 9 percent of recreational retailers in the state currently own and operate three or more stores - up slightly from 7 percent in January 2015.


Information from: Marijuana Business Daily, https://https://mjbizdaily.com/

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide