"We're on track to do $130,000 in sales today," he tells me, requesting anonymity like the other unnamed sources in this article for fear of being targeted by federal law enforcement, state regulators, or prospective burglars. On an annualized basis, that equates to three times the productivity of an Apple store, which generates more than twice the sales per square foot of the next most productive retailer. Needless to say, in an almost exclusively cash-based business, that's a lot of dough.
It costs the best operations no more than $800 to grow a pound of marijuana that can then be sold through their own retail stores for upwards of $3,000 a pound -- dispensaries in Colorado must grow at least 70% of what they sell. That translates into more than $7 million in profit before taxes for a 20,000-square-foot
"Edibles have been really huge with the recreational market," Linda Andrews, owner of LoDo Wellness Center in Denver, told ABCNews.com. "They're great if you're not a [marijuana] connoisseur and you want something more palatable," she said. "And they are certainly more discreet."
“As has been well documented, I smoked pot as a kid, and I view it as a bad habit and a vice, not very different from the cigarettes that I smoked as a young person up through a big chunk of my adult life," Obama told The New Yorker's David Remnick. "I don’t think it is more dangerous than alcohol.”
In a decade with the Drug Enforcement Administration, Patrick Moen rose to supervise a team of agents busting methamphetamine and heroin rings in Oregon - before giving it all up to join the nascent legal marijuana industry in nearby Washington state.