Medical Marijuana Businesses Are Vanishing in Colorado

Colorado’s medical marijuana industry is disappearing as the state legalizes marijuana for recreational purposes.

In 2010, at the height of Colorado’s medical marijuana industry, known as the “green rush,” there was a total of 1,131 medical marijuana businesses. Now, that number has dropped to 675, a decrease of nearly 40 percent.

The problems for these businesses mainly come from fierce competition and federal enforcement. Many business are receiving warning letters from the Colorado U.S. Attorney threatening prosecution.

Soon marijuana legalization will be fully implemented in Colorado, which could be the fatal blow for the Colorado medical marijuana industry.