Colorado’s pot business boom is now making some marijuana entrepreneurs very rich.
The state has more pot shops than any other state, and more people are seeking pot businesses to help grow their businesses.
It also has the largest population of pot smokers in the nation, and many of those smokers are millennials.
Many of those businesses are turning to Colorado for a bit of a payday.
“I’m doing what I can, I’m making my money,” said Charlie, whose company ColorMix is based in Aurora.
Charlie, like many of ColorMix’s customers, is a millennial, a group that typically ages well.
“This is going to be an amazing time,” he said.
Charlie, who asked that his last name not be used, is the co-founder of Color Mix.
He said he’s never been a pot smoker himself, but that he had grown up in Colorado and grew up with a strong marijuana culture.
“Growing up, it was cool to smoke weed and drink beer and play cards,” Charlie said.
“That’s kind of what I wanted to do when I got to college.”
Color Mix is in the midst of a new marijuana business expansion.
The company started in November, and now has about five to six locations in Colorado, including one in Boulder.
It has a growing catalog of strains, strains of cannabis oil, and other products.
Charlie said ColorMix has been looking for new locations for some time.
“We’ve been in Denver, Colorado for quite a while now, and we haven’t had the same amount of people coming in,” he explained.
ColorMix is not a new business.
It had two locations in the Denver metro area.
But Charlie and his co-founders wanted to expand their business because they said Colorado was becoming a hotbed for pot smokers.
Colorado has a booming marijuana industry.
ColorMix, which has about 50 employees, started out with three customers.
One of those customers is Charlie’s cousin, who bought a grow-op marijuana dispensary.
“She said, ‘I can’t afford to pay rent and utilities,'” Charlie said of the grow-opera owner.
“The first month we were there, we did pretty well,” Charlie continued.
“I think it was about $200,000 to $250,000 a month.
That’s what we were making in the first month, and that’s where we stopped, and then we started up again.”
Charlie said he and his cousins started ColorMix to help him pay for school and other expenses.
“We did the right thing, and when we were ready to start up again, we went to a grower and we got our licenses, and the next thing you know, we’re starting another operation,” he recalled.
Charlie said Color Mix has sold over $100,000 worth of products to businesses across the country.
Color Mix has expanded its business into a wholesale cannabis shop, which Charlie said was the next step for him.
“Our wholesale business has expanded significantly,” Charlie explained.
“It’s now about $2 million, so we have a very robust product line that we’re very happy with, and I think our customers are very happy.”
Charlie also sells marijuana oil products through his company, ColorMix Health Care.
He says his customers are paying for his company with their own money.
“A lot of people are buying it for their kids, their grandkids,” he told me.
“Some people are getting it for themselves.
It’s really, really great.”
ColorMix Health has more than 300 employees, but Charlie is not the only one with a profitable business.
Charlie and a few other ColorMix employees are also selling pot oils and other pot products through a local dispensary called ColorMog.
“ColorMix has grown exponentially,” Charlie told me, “and we’re really happy to be in that position.”
ColorMix now has five to eight locations, and ColorMix plans to expand to more states soon.
Charlie also hopes ColorMix will become a regular fixture in his customers’ lives, and to keep up with the growing demand for marijuana products.
“People are looking for more of a high quality product,” he added.