Entrepreneur reported on the business realities of legal weed in Denver and elsewhere.
Excerpt:
"The demand and growth has been a huge surprise," says Bob Eschino, co-founder of Medically Correct in Denver, Colorado, which makes a line of cannabis infused chocolate bars called Incredibles. "I've never seen anything like this and I've owned a business for the last 15 years."
Selling 40,000 chocolate-marijuana bars a month
Colorado and Washington, the first states to legalize recreational marijuana, could be called the U.S. guinea pigs on the business of cannabis. While many states are resistant to this new industry (and it is still illegal on the federal level), companies growing and selling marijuana and ones that support them are seeing so much demand they can hardly keep up.
Consider Medically Correct. According to Eschino, his company, which supplies medical dispensaries in Colorado, is selling 40,000 chocolate-marijuana bars a month and doesn’t have enough of the pot ingredients to meet the demand. Medically Correct's chocolate bars sell for $6.00 at the medical dispensaries and almost $10 in the retail market.
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