Jars of bud line Green Dragon Cannabis Company, a Denver-based chain that operates in multiple Colorado mountain towns. (Elise Reuter, Summit Daily)

“Starbucks of marijuana” Denver dispensary chain expanding to Telluride

Green Dragon has been granted a license to sell recreational marijuana in Telluride. The town's four existing dispensaries aren't thrilled.

TELLURIDE, Colo. — A new business called Green Dragon has been granted a license to sell recreational cannabis in Telluride. The four existing cannabis stores in Telluride aren’t doing cartwheels of joy.

The “Wal-Mart of weed,” said the manager of one existing store. The “Starbucks of marijuana,” said another of the Denver-based chain. It has 10 stores, including Aspen, Breckenridge and Glenwood Springs.

Green Dragon’s price of $5 a gram undercuts prices of existing stores. It sells only in the recreational sector. Other stores sell to both recreational and medical customers. A competitor argues that those with medical needs will be hurt by this price-cutting.

According to the Telluride Daily Planet, this new twist has some existing cannabis stores calling for new rules to govern marijuana sales. Like Aspen, Telluride has largely treated marijuana stores like liquor stores. There are no limits and there are no special prohibitions about locations, such as restricting them to industrial zones.

Read more on the Summit Daily News.

This story was first published on SummitDaily.com