DENVER (CBS4)– Colorado has some competition when it comes to the retail pot industry. California voters legalized marijuana and sales begin New Year’s Day.

It’s the largest legal recreational market. Some hope California’s legalization of pot may lead to changes on the federal level.

california pot 5pkg frame 127 Colorado Has Some Retail Pot Competition In California

(credit: CBS)

“I am hopeful with California going legal the government will take a second look at access to banking. It’s just too much money to be kept in the cash business,” said Starbuds owner Brian Ruden.

california pot 5pkg frame 406 Colorado Has Some Retail Pot Competition In California

Starbuds owner Brian Ruden (credit: CBS)

RELATED STORIES: Marijuana Legalization Story Archive

For the most part banks will not touch the marijuana business in Colorado it’s illegal under federal law.. That’s also true in many states. California may siphon off some of Colorado’s pot tourism.

california pot 5pkg frame 0 Colorado Has Some Retail Pot Competition In California

(credit: CBS)

“Starbuds would love to be in California once rules are established and we would love to do it legally,” said Ruden.

california pot 5pkg frame 436 Colorado Has Some Retail Pot Competition In California

(credit: CBS)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s