Recreational Legal Colorado Marijuana Update
We are converting our locations to accommodate the requirement of a second entrance and making more changes while we work to obtain city licenses. MMJ America is excited about the opportunity and cautiously optimistic about the changes that recreational legal marijuana will bring to the state of Colorado. Look for more updates coming soon via social media.
DENVER - In six days, retail marijuana sales to the general public will be legal in Colorado. However, very few shops will be ready to open by then.
Despite the fact that the state of Colorado mailed out 348 retail licenses this past Monday, shops like MMJ America with three locations, including one in LoDo, must still get a license from the city of Denver.
Other shops in other cities are dealing with the same issue. MMJ America is also awaiting a hearing for its location along Pearl Street in Boulder.
"Life and history are in the making," said Eisa Khoury, co-owner and chief financial officer of MMJ America.
Khoury and chief operating officer Marques Moore have sky-high expectations for retail marijuana sales.
"And we'll capitalize on the opportunity," said Moore. "The state of Colorado had 60 million visitors in 2012. Some estimate another 10 million will come just because marijuana is legal."
"I wish I had a crystal ball," said Khoury. "Some days we think that it's going to be a nut house and other days we think it may not be."
Whatever the case, MMJ America's three shops will not be ready for retail sales by next Wednesday.
"We are not going to participate January 1," he said.
Khoury says they have a hearing with the City of Denver on January 2, and estimates it will take another week after that to get a city license.
"And hopefully two weeks after that, we'll open the doors to the public," said Moore.