There are three popular marijuana streets that have been earmarked as hosting the most dispensaries in Denver Colorado, yielding an annual income of almost $600 million. Broadway has 22 dispensaries, while Colfax Avenue has 16, and Federal Boulevard 14 licensed stores.
With the legalization of marijuana in Denver, Colorado, each local jurisdiction was afforded the opportunity whether to permit medical or recreational marijuana retail stores. It is on record that in June 2017, 65 percent of Colorado jurisdictions banned both medical and recreational stores, 4.7 percent had allowed medical stores, 3.4 percent had permitted recreational stores and 26.6 percent had allowed both recreational and medical marijuana stores.
The income from tax collections from marijuana sales has also shown a steady increase since legalization, contributing 2% of the revenues of the state. Legalization also helps to create a sustainable industry and communities benefitting from taxes to improve infrastructures and services in towns and states. This was a surefire reason for Rocky Mountain Cannabis to increase its footprint and open several new dispensaries in Denver, Colorado.
According to Nate Balducci, the Marketing Director of Rocky Mountain Cannabis, “The first recreational marijuana retail stores opened their doors in Denver in 2012. By then Rocky Mountain Cannabis had already been in business for three years. The legalization of cannabis had a positive effect on the economy and employment rate and boosted the tax collections.
With these economic growth spurts, it was essential for Rocky Mountain Cannabis to increase their footprint in Denver and reaping the benefits of economic prosper. The company ethos is based on highly ethical principles and RMC is morally obliged to always put the health and safety of their clientele above the company’s financial benefits.”
A significant report was published byThe Colorado Division of Criminal Justice’s Office of Research and Statistics regarding the impacts of the legalization of marijuana in Colorado.
A conclusion was drawn on an executive summary that the report was not taken seriously regarding to this impactful change in the law. It showed that the research and facts available on pre-commercialization data, the decline in stigmatization, and the law enforcement challenge issue was very absent.
This informative, unbiased and comprehensive report with valuable insights was intended to assist policy makers, law enforcement, schools, the marijuana industry and the public, to understand the impact of the legalization process on entire communities.
Although economic growth and financial prosperity is a great directive for RMC, the company, which operates on high moral principles, remains, committed to safe and legal trading via licensed dispensaries, with public health and safety remaining top priority.
About Us
Rocky Mountain Cannabis, based in Canon City, Colorado has been operational since 2009, originally only specializing in medicinal cannabis. A team of experts selects premium products from trustworthy growers in Colorado, while dedicated individuals who are passionate about the merchandise, offering unsurpassed customer service, man stores, bringing experience into the business. RMC expansion started with the launch of a recreational store in Ridgway Colorado, and soon more locations followed across the western expanse of mountainous Colorado, Georgetown and Fraser. 2020 saw the start of a rapid expansion, with a front range store opening in Denver and many more are to follow soon. For more information, kindly visit https://rockymountaincannabis.com/.