Top 10 Local News Stories of 2018: No. 9 — Longmont Allows Recreational Marijuana Shops
Top 10 local stories of 2018
Through Dec.31, the Times-Call will count down the top stories of the year, as selected by the newspaper’s editors.
10. Longmont high school teams post successful post-seasons
9. Longmont allows recreational marijuana shops
Terrapin Care Station became Longmont’s first retail store to offer recreational marijuana to customers last month.
Terrapin, located at 650 20th Ave.,was among the four businesses granted a license by the city to sell marijuana in July.
The other three approved applicants that are in the process of setting up stores in Longmont are: The Green Solution, 206 S. Main St.; The Medicine Man, 500 E. Rogers Road; and Yuma Way, S. Hover St., Unit A.
The city selected the four out of 13 businesses that had applied for a retail license to sell recreational cannabis. They were selected for their convenient location, compatibility with surrounding neighborhoods with minimal impacts to them, and for offering a great diversity of retail choices and ownership of licenses backed by strong business and security plans.
The retail marijuana sales are to be taxed an additional 3 percent on top of the normal 3.53 percent city sales and use tax. The special tax was approved last year by Longmont voters. City officials estimate the special marijuana tax to generate $290,000 annually when all four retail marijuana businesses become operational. The money will go into a special fund and won’t be used until city council decides how to spend it.
Before city council voted 4-3 last year to allow pot business in Longmont, three marijuana dispensaries — Native Roots on Sunset Street, Euflora on South Main and Green Tree Medicinals on North 107th Street — sold recreational cannabis just outside city limits or in enclaves of unincorporated Boulder County within the city. They continue to operate their businesses.
For Terrapin, the Longmont location is its sixth in Colorado. The company marked its launch in the city with a donation of $20,000 each to five Longmont-area nonprofits. The donations help support a number of causes related to cannabis legalization, including restorative justice, the arts, helping the homeless and promoting social justice issues, said Chris Woods, Terrapin founder and owner.
“Terrapin looks forward to a positive and healthy relationship with the Longmont community, and as we continue to plant local roots we hope to forge a long-lasting partnership with our friends and neighbors, ” Woods stated in a company news release.
Pratik Joshi: 303-684-5310, email@example.com