Denver Rec Dispensary Selling for $2 Million

The Denver dispensary, 3D Cannabis Center, is up for sale. The dispensary gained worldwide media attention when it conducted what is regarded as the country’s first state-legal recreational marijuana sale.

The asking price for the Denver dispensary is $2 million and includes a recreational retail license, cultivation license, cultivation equipment, intellectual property rights, and more.

Owner Toni Fox said she “had five walk-throughs (on Tuesday), and they’re all industry people – It’s going to go quick.”

Fox said $2 million will barely cover the debt she has accrued since starting the business in 2010, when they opened as a medical marijuana dispensary.

“It’ll be just enough to pay back my remaining creditors and pay off my IRS liability, so I’ll be basically probably walking away even,” Fox said. “But I’m fine with that. I know more people (in the marijuana industry) that have lost everything and are operating in the black right now.”