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AURORA AWAKENS

 The city of Aurora, the most populated
Denver-metro suburb and the third most populous city in Colorado, is getting
ready to add cannabis retail stores for the fi

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The city of Aurora, the most populated
Denver-metro suburb and the third most populous city in Colorado, is getting
ready to add cannabis retail stores for the first time. The Denver suburb has
stayed out of the cannabis industry until now, avoiding even medical
dispensaries in the years before recreational cannabis was legalized. The city
took the time to watch how recreational retail rolled out in other cities
before setting up their own policies. After dozens of meetings and careful
decision making, the city is prepared to open retail cannabis locations on
October 1.

Strict rules were placed on who could put in a
proposal for a retail location. The city requires applicants have at least two
years of cannabis industry experience in Colorado; therefore, the majority of
applicants currently own dispensaries or formally have. Not even half the
applicants who applied will end up with locations. The city is rating the
applicants based on a point system that takes into account their experience,
starting capital and several other factors. The applicants with the most points
in each district will earn the spots available in that district.

Over 50 applicants applied for the coveted
recreational cannabis retail spaces in the city of Aurora. However, the city
officials have placed a cap of 24 stores that can open within the city limits;
a maximum of four per each of the six city council wards. The first three wards
saw over a dozen applicants in each. Both wards four and five reviewed more
applications than the four available slots. Only Ward six received less than
four applications, with only three submitted total. Any ward that doesn’t
receive four licenses will remain open for further applications.

Being right next to Denver, the city council is
doing everything they can to make Aurora retail stores competitive in the
market. Attempting to cash in on late night sales, the Aurora City Council
decided to allow retail shops in the city to be open between 8:00 a.m. and
10:00 p.m. The nearby Denver stores are only open until 7:00 p.m. This
competitive advantage will hopefully pull more night crowds into the Aurora
area.

The city of Aurora is trying to focus on
creating an industry built on the experiences gained from watching what
everyone else has done and using the best possible owners available. Currently,
it looks like all but one district will fill up with the allotted four stores
each. Starting on October 1, the city is prepared to dive head first into the
cannabis industry with a well thought out and professionally focused system.

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