Original Source:
Consider the following:
- The owners of Denver’s Vape & Play, the city’s second licensed designated consumption area, bootstrapped $500,000 to invest in their business, which they plan to open in November.
- Winning social consumption license applicants in Las Vegas – where draft regulations are being reviewed – could spend a half-million dollars or more to become licensed and operational, one industry insider said.
- In West Hollywood, California, a social consumption business could be a multimillion-dollar investment when you factor in property acquisition, design and product development, one applicant reported.