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View Full Version : First recreational marijuana seller in US expects sky-high revenue boost




CaseyJones
11-22-2013, 02:42 PM
http://www.cnbc.com/id/101221235


Cue the "Rocky Mountain High" jokes.

A medical marijuana dispensary in Central City, Colo.—a small gambling town nestled in the mountains near Denver—just became the first business in the United States licensed to sell marijuana to patrons without a note from their doctors.

Erin Phillips, the co-founder of medical marijuana chain Strainwise, announced this week that the Colorado Department of Revenue's marijuana enforcement division accepted the company's application for a recreational marijuana license on Nov. 15. She told CNBC on Friday that industry insiders estimate business can triple with the new license.

"We've done all kind of internal projections," Phillips said on "Squawk on the Street." "It's hard to say since nothing like this has ever happened before."

The store, called The Annie's, will begin to sell recreational marijuana on Jan 1, and should expect plenty of out-of-state traffic. In-state customers can buy up to an ounce of marijuana each day while Annie's will limit out-of-state patrons to a quarter-of-an-ounce each day.

angelatc
11-22-2013, 03:01 PM
I am fairly sure she isn't the first recreational mj seller.

dannno
11-22-2013, 03:08 PM
I expect she gets raided.

devil21
11-22-2013, 03:31 PM
I expect she gets raided.

The nail that stands up is the one that gets hammered down.

ronpaulfollower999
11-22-2013, 04:35 PM
Not if you pay your taxes.

ClydeCoulter
11-22-2013, 04:45 PM
Not if you pay your taxes.

Yep, "money, money...money, money...money, money...money, money...mo--ney!"

Icymudpuppy
11-22-2013, 06:22 PM
Does anybody know how I can invest in this industry? Imagine investing in Anheiser Busch in 1930...

dannno
11-22-2013, 06:41 PM
Does anybody know how I can invest in this industry? Imagine investing in Anheiser Busch in 1930...

Buy me a house and some grow equipment in Colorado or Seattle, I can grow dank bud :D

kcchiefs6465
11-22-2013, 07:48 PM
Buy me a house and some grow equipment in Colorado or Seattle, I can grow dank bud :D
haha