The marijuana industry is not for the faint of heart. There is arguably no other industry in America right now that sees the industry landscape evolve so often, and so quickly, as the marijuana industry. It’s nearly impossible to have a long term plan in the marijuana industry because of the constantly changing regulations. The only long term plan an entrepreneur can have is to plan on spending a lot of time winging it and hoping for the best.
In most industries, there are no guarantees of succeeding, but there is at least a guarantee that the industry itself will be around in the foreseeable future. That’s not the case with marijuana. A prime example of that is unfolding in Pueblo, Colorado where voters will decide next week if recreational marijuana stores will be forced to shut down. Store owners have put a hiring freeze in place until the election is over as a result. Per KKTV:
In less than a week voters will decide if retail marijuana shops in Pueblo have to shut down.
It’s all part of ballot initiatives 200 and 300 that give voters the chance to opt out of Amendment 64.
If voters decide on Tuesday to shut down retail marijuana shops they will have less than a year to close.
The initiatives were put forth by a group called Citizens for a Healthy Pueblo. I haven’t seen any polling out of Pueblo, so I’m not sure if it’s likely to pass or not. This is a great example of how, despite legalizing marijuana, the battle is far from over. There are similar votes all across Oregon going on next week too. After victory is achieved at the state level, there is still more work to be done. The fight just moves to the local level.