The cannabis industry began in Colorado, where it was first legalized, however, it now seems that the state has other plans. Sources report that the growing cannabis industry in Denver, Colorado will stay frozen and will no longer grow. This week, the Denver City Council approved a very controversial bill to end new cannabis shops and farms, capping the number of stores in the industry. People can still apply to make new cannabis businesses, but only when the number of businesses drops below the current cap, however, the distribution of marijuana will play a role in choosing where they are able to work.

A vital component of the proposition—and the long debate that has come before it—is that cannabis is not just prevalent in Denver, but there is too much of it in certain areas too. In order to spread cannabis more equally, the new law calls for analysis to see which neighborhoods have the most and the least dispensaries to take into consideration when new applications are being looked at. The Denver Housing Authority let out a statement supporting the legislation, which it claims secures neighborhoods from “high concentrations of public housing and disproportionate marijuana operations.”

“DHA is an interested party in these proceedings because so many of our public and affordable housing properties are located in communities that already would be considered neighborhoods of undue concentration of marijuana business licenses,” the statement said. “We applaud City Council’s intent to establish a cap on the total number of marijuana business licenses in the City of Denver and the identification of highly impacted neighborhoods where no new licenses would be approved.”

The goal is to stop the cannabis industry from walking in the shoes of malt liquor and cigarette distributors, which are highly prevalent in neighborhoods with low-incomes.


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Marijuana Stocks Newsletter – February 20, 2018

The Priceline of Pot? While support for federal legalization of marijuana continues…