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Denver Considers Cap On Marijuana Businesses


DENVER -- The Denver City Council will debate a proposal aimed at capping the number of marijuana shops and grow houses allowed within the city.

It could have a huge impact on millions of dollars from entrepreneurs looking to get into Colorado's budding marijuana industry. But others say the outcome also affects many neighborhoods and the children who live there.

The ordinance would call for new rules for issuing retail marijuana cultivation and sales licenses. It would prohibit the issue of new medical marijuana cultivation and sales licenses.

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