Colorado has legalized cannabis for medical and adult use. The Marijuana Enforcement Division is responsible for overseeing the cannabis licensing process. Colorado does require local support and permitting processes that Canna Business Services can help you with. The following licenses are currently available in Colorado, subject to local approval and open applications:
- Retail Marijuana Store
- Retail Marijuana Cultivation Facility
- Retail Marijuana Products Manufacturer
- Retail Marijuana Testing Facility
- Retail Marijuana Business Operator
- Retail Marijuana Transporter
- Retail Marijauana Transporter No Premises
- Retail/Medical Marijuana Combined Use
- Medical Marijuana Store
- Medical Marijuana Products Manufacturer
- Medical Marijuana Testing Facility
- Medical Marijuana Business Operator
- Medical Marijuana Transporter
- Medical Marijuana Transporter No Premises
- Marijuana Research and Development Facility
- Medical Marijuana Cultivation Facility
In order to apply for a license in Colorado, here are the top items you want to complete to be successful starting your journey into the cannabis space:
- Decide what type of business (or businesses) you want to pursue cannabis business licenses for.
Review the list of license types available for application to determine what might be the best fit for you and your business aspirations.
- Assemble Your Team
The next step is to gather your team of experts. Having financial backing in the form of investors is crucial so that you are able to procure consultation services, a location, and other resources along the way. Don’t make the mistake of getting knee-deep in your plan and then running out of money to see it through. After you’ve made sure your funding is set, assemble your team of people you can trust. Specifically, you want people who have experience in the industry and who are well-informed so that you can highlight your team’s expertise in your application.
- Secure a Property
Prior to obtaining a license you will need to secure property that is zoned correctly and able to support the needs of a cannabis business. This can, at times, be the most challenging part of the process. Our team has worked with countless municipalities to assist our clients in obtaining compliant properties in correctly zoned areas.
- Draft Your Application
Application requirements vary between Standard Operating Procedures (SOPs) and narrative forms surrounding the expectations you have for your business. Either way, these need to be compliant with all state, local, and federal regulations. Ensuring that you are compliant is one of the most important steps in the application process. Canna Business Services has years of experience drafting award-winning applications for our clients in competitive states. Set up a meeting with us today to discuss how we can help you with your business.
Read more on our blog about how to take the first steps towards licensure.
Colorado was one of the first states to have cannabis for both medical and adult use legalized. Cannabis has been legalized for medical use since 2000 and for adult use since 2012. Colorado Amendment 64, passed in 2012, permits home grow, possession of up to one ounce, and gifting of cannabis up to one ounce to those 21 years of age and older. Amendment 64 also allowed for the licensing of adult use cannabis facilities related to cannabis retail, cultivation, manufacturing, and testing labs. Marijuana Moment reports that cannabis sales in Colorado in 2021 topped $2.2 billion.
Colorado is a trailblazer in the recreational and medical cannabis industry. The dynamic environment of state regulations and licensing requires carefully considered strategies and execution to achieve licensing and ensure compliance. Whether for new or established businesses, Canna Business Services provides industry-specialized services. We are here to guide, assist and achieve successful and sustainable outcomes.
Recreational & Medicinal Cannabis Business Services in Colorado
Committed to our clients, we customize our services to your phase of business and goals. Our legal background, diversity of knowledge, and experience as an industry leader since 2016 had prepared us for all challenges, including cannabis business application/permits, fractional c-suite opportunities, commercialization and compliance, local zoning and real estate assistance, investing, marketing, compliant packaging/label review, and ongoing consultation.
Colorado Cannabis Business Consulting
Canna Business Services is your advocate and partner through the complexities and hurdles of building a prosperous and profitable operation. We partner with startups, entrepreneurs, and established businesses looking to grow and expand. As a woman-owned and women-led, full-service cannabis consultancy, Canna Business Services draws from wide-ranging backgrounds to support every step from winning your license to growing your brand. Our deep understanding, up-to-date awareness of compliance stipulations and trends, resources, and connections are at your disposal.