miranda-joondeph-455253-unsplashA temporary Denver law that was set to expire in 2020 was amended to an indefinite and permanent status through a vote by the Denver City Council. The change to the city law came after it was apparent that the industry didn’t perform as expected after voters passed a 4 year social-use law in 2016. Businesses have been apathetic about the social-use license due to the city’s limited timespan and, as of now, only one business that is still in operation has such license.


Kendra Black, Denver City Councilwoman, stated: “With less than two years available, it’s difficult to get financing. If you’re leasing a space, most leases, they’re three to five years. And then you’d have to get funds to build out the space. And so it’s just really not feasible for a prospective business to open a business in that time frame.”

Members of Denver City Council are also contemplating another adjustment that will continue to relax the rules for social-use businesses, specifically social-use business distance requirements. The current law dictates that social-use businesses have to be 1,000 feet away from a school, day-care, addiction treatment centers, and city recreational facilities or pools. The minimum distances for social-use businesses may be changed by Council members to help encourage more social-use license applicants.

Curious about how you can make money investing in cannabis? Sign up for Cannin Free Access and subscribe to the Cannin Chronicle. We’ll keep you informed on all things cannabis and even help you determine which cannabis companies have the highest growth potential.