Good Chemistry’s Colfax dispensary was nearing its fifteenth anniversary before closing. Scott Lentz
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Good Chemistry has closed two of its four dispensaries in Colorado, including its original storefront at 330 East Colfax Avenue .
According to Good Chemistry vice president of brand Katie Kinne, the Colfax and Highland locations are only temporarily closed, and the company is keeping their marijuana business licenses active in hopes of reopening them at some point. However, this "difficult decision" also came with layoffs at Good Chemistry’s corporate office.
"These decisions were not made lightly, but they are necessary to ensure the continued success of our company and its ability to serve the regulated market effectively," Kinne says. "Good Chemistry remains committed to the principles that guided our entry into the industry: support for a well-regulated market that provides safe, legal access to cannabis. However, it is crucial that regulations evolve to keep pace with the current state of the market. Economic pressures, high taxes, and the lack of enforcement against the illicit market and intoxicating hemp products continue to be significant challenges that must be addressed."
Good Chemistry still operates two dispensaries in Colorado: one on Broadway in Denver and another in Aurora. The company also has two stores in Massachusetts, according to Kinne. But as Colorado’s marijuana market continues to decline , Good Chemistry founder Matthew Huron decided to pivot into more wholesale operations.
"In Colorado, we are going to reallocate some resources and production from those two stores to the wholesale market," Kinne says, adding that Good Chemistry’s wholesale flower is already sold in several outside chains, including the Cannabist, Snaxland and Trees.
Good Chemistry’s location in Highland was about four years old, but the original store in Capitol Hill was nearing its fifteenth anniversary. Huron, who moved from San Francisco to Denver in 2006, opened Good Chemistry as a medical marijuana dispensary in 2010, and expanded to four stores after recreational pot sales began in 2014."Matthew’s first location, Good Chemistry’s Colfax store, has been an integral part of the company, as well as the Colorado cannabis community. However, the market has faced increasing […]
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