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Northwest Denver's Berkeley neighborhood is characterized by quiet, tree-lined residential streets and older homes that are slowly giving way to tall, modern multiplexes. A resident in this much-sought-after ZIP code recently strolled down one of the community's thoroughfares when he spotted a poster tacked to a vacant storefront: "NOTICE: A BUSINESS APPLIED FOR A TRANSFER OF LOCATION FOR A RETAIL MARIJUANA STORE AT THIS LOCATION."

The announcement from the city's Excise and License Department alerted neighbors to the pending arrival of yet another cannabis dispensary. In nine years since Colorado voters moved to legalize marijuana, hundreds of dispensaries have sprouted up around the state along with myriad marijuana "grows" and cannabis-product manufacturing facilities.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].