Terrapin Care Station’s first dispensary opened in Boulder in 2009, before recreational sales began. Terrapin Care Station, a longtime dispensary chain based in Boulder, is selling off all of its Colorado stores as marijuana sales fail to rebound in the state.
Founded in 2009 as a medical marijuana dispensary, Terrapin quickly grew to six locations in Boulder, Aurora, Longmont and Denver after recreational pot sales began in January 2014. The ownership group, led by founder Chris Woods, created a vertically integrated marijuana business, with internal cultivations and an extraction lab brand.
Terrapin was also politically active online through a now-defunct cannabis news website, voter registration drives at stores, and at the Colorado State Capitol, where it was an influential force behind a 2019 bill that created marijuana hospitality licenses .
After a slow and steady decline in marijuana revenue, however, Colorado has looked less and less attractive to larger players, including Terrapin. The company has shut down its in-house production lines and is now shedding all six of its stores in Colorado.
Most of those stores will remain branded as Terrapin Care Stations under different ownership; Sun Theory Holding Co., a marijuana ownership group based in Salida, has bought five of Terrapin’s dispensaries. Meanwhile, the Aurora store and an attached cultivation at 11900 East 33rd Avenue were purchased by Best Buds, a new dispensary chain with stores in Aurora and Denver.
Terrapin will now concentrate on business operations in Pennsylvania, where it produces marijuana flower, extracts, edibles and infused products for medical dispensaries, […]
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