Quantcast

Colorado pot shops net over $1 million on the first day of legal operation

By Scott Kaufman
Friday, January 3, 2014 22:01 EDT
google plus icon
potsales
 
  • Print Friendly and PDF
  • Email this page

Pot dispensaries in Colorado, where the regulated sale of marijuana became legal on January 1, recorded well over $1 million in sales on their first day of business.

Despite cold temperatures and intemperate weather, most shops reported long lines throughout the day, with some customers waiting in outside for hours to purchase marijuana legally.

“It’s a huge deal for me,” Andre Barr told 9 News, “to be part of the legal weed experiment. This wait is nothing.”

Twenty-four shops opened on Wednesday, most of them in the Denver area, and according to Barbara Brohl, head of the Department of Revenue’s marijuana oversight division, “[e]verything’s gone pretty smoothly.”

The only potential problem is price inflation. High-quality marijuana that, on Tuesday, could only be sold to medical marijuana patients for $25 per one eighth of an ounce, was being sold on Wednesday to recreational users for $75 for the same amount.

Medical marijuana advocates hope that such inflation is just a temporary measure by pot shops to deal with the increased demand that followed legalization.

Watch the 9 News report on the first day of sales below.

Scott Kaufman
Scott Kaufman
Scott Eric Kaufman is the proprietor of the AV Club's Internet Film School and, in addition to Raw Story, also writes for Lawyers, Guns & Money. He earned a Ph.D. in English Literature from the University of California, Irvine in 2008.
 
 
 
 
By commenting, you agree to our terms of service
and to abide by our commenting policy.
 
Google+