In the state of Colorado, retail marijuana licenses are issued and maintained by the Department of Revenue. Applicants must have two years of residency and pass various background checks. This includes a query of your credit history and criminal record.
Recreational sales are restricted to adults ages 21 and over. Anyone with a valid medical cannabis license can purchase from an authorized medical dispensary. Caregivers of the licensee can also make purchases on their behalf.
There is a 12.9% sales tax on cannabis. Dispensaries are also required to pay a 15% excise tax on recreational cannabis.
Licensing for dispensaries costs $4,500, which is due at the time of application. This amount is paid directly to the state. An additional $2,500 is paid to the local government. Renewal of your dispensary license will cost $1,800 annually.
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