Marijuana Businesess Are Gobbling Up Colorado Warehouse Space

August 25, 2015
AggregatedNews
News & Insights
0 Comments

Steve Badgley has been hunting for a larger warehouse in the Denver area for more than a year. But his construction-supply business keeps getting squeezed out by a new entrant into the real-estate market: the marijuana industry.

Since voters in Colorado and Washington legalized recreational use of the drug in 2012, growers and distributors have gobbled up most of the available warehouse space in the Denver area, a major logistics hub for companies moving goods between the Midwest and the West Coast.

The marijuana industry is poised to expand quickly. Legal sales in Colorado of medical and recreational cannabis totaled about $700 million in 2014, the first full year for which statistics are available, according to a Wall Street Journal analysis of Colorado tax data. The number of active licenses to grow the plant for retail consumption shot up to 397 from 204, according to Colorado’s Marijuana Enforcement Division. [Read more at The Wall Street Journal]

This Post Has 0 Comments

Recent Stories

Cilicon Unveils a Brand-New 3mL Disposable Cannabis Vape Device-ELEV Air2

PRESS RELEASE Cilicon recently introduced a newborn ELEV Air2, expanding its disposable sizable product portfolio and building on its success in elegant design integration and continuous improvement in developing a powerful and larger capacity feature of the disposable cannabis vape device. CILICON ELEV Air2 challenges the limit of microporous ceramics in cannabis atomization and redefines…

California bill would require mental health warnings on marijuana products

As more states across the country legalize recreational marijuana, some doctors and lawmakers are raising alarms about the risks of certain mental health conditions associated with the product’s use. In California, Senate Bill 1097, the Cannabis Right to Know Act, would mandate mental health warnings be included on existing cannabis labels, similar to the health risks…

Unlicensed marijuana vendors pop up all over NYC as licensed dispensaries wait for the green light to sell recreational weed

New York state legalized recreational marijuana last year but has yet to allow licensed dispensaries to sell it beyond medical use. As CBS2’s Natalie Duddridge reports, that hasn’t stopped all kinds of unlicensed vendors from popping up all over the city, and now the state is trying to crack down. If you’ve walked through Washington…

Can marijuana bring about social equity? In Massachusetts, a case study

In the industrial kitchen at Major Bloom, staff are assembling joints using a gadget that turns out nearly 200 so-called “pre-rolls” in one go. A large bag of multi-colored fruit cereal sits ready to be baked into marijuana-infused treats. And owner Ulysses Youngblood is explaining the business philosophy he subscribes to, a “blue ocean” strategy.…