End Of Moratorium Creates more Issues For Existing Medical Marijuana Dispensaries In Colorado
Staff CMM - Tuesday, July 24, 2012
The state of Colorado is preparing to lift a two-year dispensary moratorium July 1st and many dispensary owner hopefuls are chomping at the bit to begin the process of opening their own dispensary. With a market that is already completely over-saturated with medical marijuana dispensaries, these new hopefuls are in for quite a surprise. Although the moratorium will be lifted, many of the barriers will still remain. The cost of opening a business can be at least $100,000 or more and the regulatory requirements that go along with it are overwhelming. Coupled with the knowledge that marijuana is still an illegal substance according to federal law, this makes operation of a medical marijuana business even more risky. Despite the overwhelming odds, however, many are lining up to join the medical marijuana dispensary rush. With so many new hopefuls entering the market, this rush may create more problems with existing businesses who are already struggling to survive in an overly competitive business market.
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