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Sunday, February 16, 2014 7:28:20 PM
Colorado law prohibits investment money from outside the state for production or sale of MJ products.
I found this in a Q&A in the Denver Post.
Q: How much does it cost to open a marijuana store?
A: The state charges an application fee of $5,000 ($500 if the applicant currently owns a licensed medical-marijuana business) and license fees from $3,750 to $14,000. But that just makes you legal. The total startup cost for a marijuana shop — including all the necessary growing equipment, decor upgrades, security systems and real estate — is in the hundreds of thousands to millions of dollars. Most business owners get the money from their personal savings, friends and family. But specialized marijuana investment groups are also playing a bigger role. Currently, all money invested in Colorado marijuana businesses must come from people living in the state.
Here is a link to the article.
http://www.denverpost.com/marijuana/ci_24823785/colorado-marijuana-guide-64-answers-commonly-asked-questions
If any body knows a way around this, please let me know. I am holding long and hope STBV will make a comeback.
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