Colorado town uses lottery to select two candidates to open marijuana stores
PALISADE, Colo. — Fourteen Potential Colorado marijuana business owners put their names in a lottery for the opportunity to open a retail marijuana store in Palisade.
The Grand Junction Daily Sentinel reports the bingo-style drawing was held Wednesday at the Palisade Civic Center to determine which of the prospective businesses would receive the go-ahead to move forward through the state’s regulatory process.
Two businesses, H&S LLC and THC 2, were chosen as first picks.
First priority picks now must seek approval from the state to open businesses. They then can apply for licenses with Palisade.
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Businesses are subject to a $5,000 fee and must comply with requirements of a conditional use permit for operations. Palisade Town Administrator Rich Sales says those specific decisions will be made in upcoming public hearings.
Information from: The Daily Sentinel