While it is too soon to know how many of those businesses will survive long-term, the new crop is remaining in good standing at rates above the state average for this year and last.
Colorado’s pot industry hasn’t hit its ceiling, but at some point it will reach a saturation point, said Taylor West, deputy director at the National Cannabis Industry Association.
“I do think people who are looking for something of an early-mover advantage are looking in other states,” she said. “Colorado is not a finished market, but it is certainly a more mature market.”
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