next stop: Denver.
Marijuana Stores Trump Starbucks In Denver
If you want more proof that selling legal pot is a booming business, consider this statistic: Denver has more medical-marijuana shops than Starbucks Corp. locations.
Denver's City Treasurer Steve Ellington says that at least 390 pot dispensaries applied for a sales-tax license recently. That compares to 208 Starbucks in the entire state of Colorado, the station reports. Denver's city council took a step toward regulating the marijuana stores last night, and the businesses are filing their tax applications.
The Denver statistic sheds light on a business that is becoming more institutionalized as local governments try to figure out ways to raise revenue. The Denver council will hold a public hearing and take a final vote Monday. Only a day later, on Tuesday, a California Assembly panel is expected to vote on a bill that would legalize pot across the state.
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