business
Four minority-owned marijuana manufacturers join forces under one roof
Finding a physical location to open a cannabis business in Denver is challenging. Ask local Sarah Woodson and she’ll tell you it’s among the biggest barriers to entry for new entrepreneurs.
Woodson would know. In addition to opening Denver’s first legal marijuana tour bus company, The Cannabis Experience, she’s the founder of The Color of Cannabis, an organization that advocates for BIPOC representation in the industry. One of the pillars of her work is a 10-week course that supports social equity business applicants — people of color and other marginalized groups that were disproportionately harmed by the war on drugs — and helps them bring their ideas to life.
Last year, while scouting potential brick-and-mortar locations with one of her class graduates, Woodson found a creative solution to one of the challenges facing cannabis entrepreneurs: A 10,000-square-foot warehouse in Montbello where multiple product manufacturers could share the space and, importantly, the rent.
In an unexpected turn, Green Dragon, one of the largest dispensary chains in Colorado, will keep its stores and grow facility open.
The retailer’s parent company, California-based Eaze, got an infusion of $10 million from its owner, Jim Clark, to remain operating, it announced Tuesday. Clark, the billionaire founder of the defunct tech firm Netscape, foreclosed on the company’s assets in August for $54 million.
“We’ve just been working with the new ownership group to assess what we’re doing in the future,” said Cory Azzalino, Eaze’s CEO. “It’s nothing world-shaking, but I’m excited to keep going.”
The first dispensary chain founded by Alex Levine, Andy Levine and Lisa Leder is preparing to cease operations in Colorado, three years after they sold it.
But they have high expectations for take two — their new chain, Fired Cannabis.
“Our plan is to get back to where we were,” said Alex Levine. “It’s just a long detour.”
At least 384 flights were canceled and 467 delayed at Denver International Airport on Friday as heavy snow pelted metro Denver and Colorado’s eastern plains.
The Federal Aviation Administration activated a traffic management program for flights bound for DIA “due to weather/snow-ice.” The average delay for flights under this plane was one hour and 50 minutes, FAA officials said, adding that departing flight schedules also may be affected by the weather.
There were 851 total delayed and canceled flights at DIA as of 11:45 a.m., according to Flight Aware. SkyWest reported the most cancellations with 183, followed by Southwest with 124, and Frontier with 30.
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