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Pot Shop Owners Celebrate New Licenses

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Updated: Sat, 28 Dec 2013 11:25:45 MST

DENVER (AP)- The first batch of Denver businesses approved to sell recreational marijuana got their licenses Friday, the owners saying they never thought they'd see the day when they'd get a permit to sell pot.

 

Applause broke out and cameras whirred when the first license was issued from the city's Department of Excise and Licenses. The city awarded 14 licenses for retail shops, 17 licenses for pot growers and three licenses for makers of cannabis-infused products such as pot brownies.

 

Colorado has approved 348 marijuana business licenses. More than a hundred of those are still pending in Denver.

 

Retail sales will begin at 8 a.m. on Jan. 1.  Some pot shop owners are planning to install purchasing caps and other limits to try to avoid a run on weed.

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