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Colorado’s weed market is coming down hard and it’s making other states nervous
Regulatory burdens, an oversaturated market and increasing competition from nearby states have all landed major blows to Colorado's cannabis market, leaving other states with newer marijuana markets scrambling to avoid the same mistakes
June 11, 2024 By Politico
By MONA ZHANG
DENVER — On Jan. 1, 2014, Iraq War veteran Sean Azzariti made headlines worldwide as the first person in the U.S. to buy legal weed.
More than 10 years later, 3D Cannabis, the dispensary in Denver’s Elyria-Swansea neighborhood where the historic purchase was made, displays a makeshift sign announcing it is “temporarily closed.” The windows and doors on the side of the building have been boarded up. Plastic bags, discarded coffee cups and other trash collect in the corners of the abandoned parking lot.
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