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Colorado will surpass 3,000 marijuana business licenses by the middle of next year, a report from a University of Denver business professor predicts.
As of Dec. 1, there were 2,913 active licenses in the Centennial State, according to Paul Seaborn, an assistant professor at DU’s Daniels College of Business. That’s a long way from the 1,708 licenses that existed in 2014, when adult-use marijuana was legalized in the state.
Seaborn pointed out in a news release “the state has experienced a 70% increase in licenses in just under two years.”
The report states that while the majority of licenses