Culture
Starting a Marijuana Business in Colorado Will Cost a Small Fortune
Retail pot licensing fees are going to be massive in the state.
Colorado state legislators are holding three days of hearings this week to finalize the number of flaming hoops through which would-be marijuana retailers will have to jump in order to open up shop in the state. Regardless of what requirements the legislature settles on, this much we already know: starting your own pot business in Colorado will cost a small fortune.
“Would-be entrepreneurs will be charged up to $5,000 just to apply to be in the recreational pot business,” writes the AP’s Kristen Wyatt, “and operational licenses run $3,750 to $14,000 under the proposed rules.”