We reported earlier this month that Denver, fearing saturation of the cannabis market, was contemplating extending by two years a moratorium on new licenses set to expire on January 1st. Marijuana industry attorney Sean McAllister of the McAllister Law Firm alerted us to a delay in the decision, which was to have been made today at a meeting:
Today, the City Council extended the time to convert from medical to recreational for 120 days, but implemented a moratorium on new medical facilities starting January 1. They have not made a final decision on extending this plan for a full two years.
The Business Development Committee had posted this presentation in advance:
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email