Please reload

Colorado cannabis dispensary opens on site of state's biggest federal raid

 

The legalized marijuana trade is gaining ground in Colorado despite anti-weed crusader Jeff Sessions recent confirmation as Attorney General. 

 

Diego Pellicer, a developer that focuses on the real estate needs of cannabis businesses,  has moved a new marijuana dispensary into a building that was once the site of a huge federal raid.

 

The dispensary — called Diego Pellicer Colorado — will open at the former site of VIP Cannabis, a dispensary that was raided in November of 2013 as part of the largest-ever federal raid against Colorado's medical marijuana industry.

 

The $1 million dispensary will provide thousands of Denver residents with access to cannabis in an upscale, high-end location.

 

The building was formerly owned by VIP Cannabis, which was targeted by federal raids on suspicion of funneling money from Colombia to purchase a large warehouse for growing cannabis.

 

"We couldn't be more excited to open this dispensary," said Neil Demers, CEO of Diego Pellicer - Colorado. "The cannabis industry is growing at an unprecedented rate, and we're extremely grateful to have the opportunity to help build Colorado's statewide industry. We're confident that state-specific administrations will continue to support the cannabis industry as the legitimate, profitable, and innovative space that it is."

Share on Facebook
Share on Twitter
Please reload

Institutional investors slash CRE capital budget by 19%: Report

Ashford REIT invests in 'purification' tech to create allergy-free guestrooms

REIT to build $110M facility to house immigrants rounded up by Trump

Working in style: The corporate campus designed by Frank Lloyd Wright

Hard Rock unveils plans to revamp Trump's failed Atlantic City casino

Food tenants increasingly crucial for shopping centers: Report

Retailer Finer Fields aims to merge bricks and clicks

The Gents Place 'lifestyle club' muscling into new markets

1/2
Please reload

COMMERCIAL REAL ESTATE NEWS & CULTURE

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon
More from Squarefootprint
Further reading

ABOUT USCONTACT • ADVERTISE • ARCHIVE

© 2017 SQUAREFOOTPRINT

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon