In Colorado, It's High Rents, Wary Banks and Fear of a Federal Bust DENVER - The pot industry in Colorado is undergoing a massive makeover as it prepares to begin selling marijuana legally for recreational use under state law. Businesses are ramping up production, and trade associations are cleaning up their image, anticipating what could be a billion-dollar industry. But the entrepreneurs who are hoping to cash in on the "green rush" starting next year are struggling with the unique challenges of conducting a business that the federal government considers a crime. [continues 880 words]
In Colorado, It's High Rents, Wary Banks and Fear of a Federal Bust DENVER - The pot industry in Colorado is undergoing a massive makeover as it prepares to begin selling marijuana legally for recreational use under state law. Businesses are ramping up production, and trade associations are cleaning up their image, anticipating what could be a billion-dollar industry. But the entrepreneurs who are hoping to cash in on the "green rush" starting next year are struggling with the unique challenges of conducting a business that the federal government considers a crime. [continues 879 words]
As State Prepares for Sale of Recreational Marijuana, Letter of Law Hinders Entrepreneurs The pot industry in Colorado is undergoing a massive makeover as it prepares to begin selling marijuana for recreational use legally under state law. Businesses are ramping up production, and trade associations are cleaning up their image, anticipating what could be a billion-dollar industry. But the entrepreneurs who are hoping to cash in on the "green rush" starting next year are struggling with the unique challenges of conducting a business that the federal government considers a crime. [continues 1252 words]