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Colorado’s pot market getting new competition

— Colorado’s new marijuana industry is in for a brand new element Wednesday — competition.

The state gave medical marijuana dispensaries and growers a nine-month exclusive on the new recreational pot business, fearing an unmanageable explosion of new businesses.

The grandfathering period expires Wednesday, meaning pot shops and growers who weren’t in business before voters approved recreational pot in 2012 are just now able to enter the market.

“There’s going to a price war coming. It’s inevitable,” predicted Toni Fox, a marijuana grower and owner of a Denver pot shop. Fox has received a license for a second shop opening Wednesday in Salida.

Colorado is issuing licenses for 46 more pot shops, in addition to about 200 already in place. Colorado is also licensing 37 more growing facilities and 13 new product manufacturers who make marijuana-infused products. [Read More]

Rob MeagherRob Meagher

Rob Meagher

Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]

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