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High Demand: Colorado pot shops can’t keep up with new orders

It’s only been a few days since adults in Colorado have been legally able to purchase marijuana for recreational use, but the demand at dispensaries across the state has some saying a pot shortage is all too imminent.

Legal weed only became a reality in Colorado starting on January  1, but an unexpected turnout at the state-licensed shops in the  last week has forced dispensary owners to rethink their supply  plans.

In Denver, 3D Cannabis Center owner Toni Fox told the   Colorado Springs Gazette last Thursday that she was on  track to need new inventory before the weekend was over.

“We are going to run out,” she told the paper. “If  there is a mad rush, we’ll be out by Monday.”

Fox told the Huffington Post last month that she had a feeling  even before “opening day” that demand could cause dispensaries to  quickly run out. Bud business across Colorado has already managed  to exceed most expectations, however, and Fox and her fellow shop  owners believe they’ll be seeing a shortage on the horizon.

“Quite honestly, I do believe there is going to be a shortage  of marijuana in the short term in Colorado,” Andy Williams  of Denver’s Medicine Man shop added last month to the Huffington  Post. “Everyone is expanding that can, but it takes some time  for that to come online. It will be a little while before the  supply and demand level out. I think after the first month,  people may start seeing stores with less of a selection and maybe  a couple of them will run out.”

Indeed, the Associated Press was reporting last week that some  Colorado shops had been forced to close earlier than expected on  the first day of sales as more than $1 million in revenue was  generated across the entire state. Sales were so significant at  Fox’s 3D Cannabis Center through the weekend that the store  started limiting how much it was willing to sell to each customer  by enforcing a maximum transaction of 4 grams.

On Monday morning, Fox wrote on her personal Facebook page that  she was closing the shop until Wednesday in order to regroup.

“Cannabis Center will be closed today and tomorrow for  restocking and a well needed rest for the staff,” Fox wrote  her Facebook followers.

According to The Gazette, the national Cannabis Industry expects  Colorado to generate $400 million in sales by the end of 2014.  Shop owners in Denver told the paper that at least 50 percent of  their sales on opening day went to out-of-state buyers, but  Colorado is reaping around 25 percent off each transaction due to  new taxes.

That isn’t to say that dispensary owners and the state government  are the only ones benefiting from the new law, however. As RT   reported  over the weekend, shares for several companies that sell  marijuana growing machinery to area pot shops saw their prices  soar during the first week of 2014.

Source: rt.com

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