Denver Seeks to Bar New Players in Medical and Retail Marijuana

Denver’s marijuana regulators are asking the City Council to expand rules that would bar any new players from entering the state’s largest market.

For two years, a city moratorium aimed at controlling industry growth has allowed only existing medical marijuana businesses to open recreational dispensaries, grow houses or edible manufacturers. That’s set to expire Jan. 1, a prospect that’s had eager entrepreneurs and investors lining up.

But new proposals submitted Tuesday by Denver’s marijuana policy office would extend the moratorium two more years. And a newly proposed moratorium would bar any new applications for medical marijuana business licenses during the same period.

– Read the entire article at CBC News.