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Continued: Retail marijuana in Colorado twice as costly as medical pot

  • Article by: ALISON VEKSHIN , Bloomberg News
  • Last update: January 6, 2014 - 9:04 PM

Licenses for 136 marijuana stores, a majority in Denver, were mailed Dec. 23, the state Revenue Department said in a statement. Recreational ­marijuana businesses can open only after receiving both a state and local license, said Julie Postlethwait of the state’s Marijuana Enforcement Division.

In Denver, 18 shops received state and local licenses in time to begin selling marijuana Jan. 1, according to the Department of Excise and Licenses. Five marijuana-infused product manufacturers and 27 growers also received licenses.

Colorado residents with a photo identification showing that they are at least 21 may buy as much as one ounce of pot in a single transaction, while those from out of state can get a quarter ounce. Customers can’t consume the product in public.

Colorado expects $578.1 million a year in wholesale and retail marijuana sales to yield $67 million in tax revenue.

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  • David Marlow, right, and Chris Broussard worked behind the sales counter inside Medicine Man retail marijuana store in Denver. Prices for recreational marijuana are double those for medical use.

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