Westword reports
It’s the third notable cannabis brand from Boulder to leave Colorado in recent months.
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.
