Ciancio Ciancio Brown, P.C.
(303) 872-8919
(800) 746-3560

Leaders in Litigation

Denver area family business spotlights possibilities


In business, owners will always have to take calculated risks in order to succeed and grow their investments. Taking such risks can have rewards, but are sometimes wrought with peril. However, in one Denver family's case, the decision and dedication to "growing" their family owned business is set to pay huge dividends.

Two brothers with slightly different histories embarked on an unlikely dream of opening a marijuana dispensary in Colorado following the loosening of standards related to medical marijuana in the state. Armed with an investment of $125,000 investment courtesy of their mother and her husband, the brothers - one already in the business, but working out of his home, the other leaving a day job as a project portfolio manager - leased a warehouse and began operations with the intention of becoming a marijuana superstore.

The brothers have heavily invested in their enterprise, seeking to develop the best possible product for their limited customer base. In fact, just this past fall, one brother pitched his business ideas to a group of investors interested in the pot-growing business, ultimately negotiating almost $1.5 million in loans. Perhaps the best news of the young companies history came when Colorado agreed to legalize marijuana for recreational use. Now, what started as an incredibly risky proposition in 2010 looks to pay huge dividends, as a $2.6 million expansion is in the works to increase production and meet growing customer demands.

For this business, the future looks especially bright. However, the story can be illustrative for any Colorado family owned business. Taking risks can be instrumental in not only starting, but also growing a business. However, just as important - if not as interesting to discuss in a news article - are steps taken to protect interests of owners and investors. This is where strong legal counsel in the area of business law can be of great value.

A great business plan can run amok if owners don't take time to address the potential legal issues. While not every business owner may have concerns over the legality of their product as could be the case above, other issues like employment law, real estate contracts and more can have just as profound an impact on the success of a business. However, with appropriate planning and problem solving, like these two brothers, any Denver family owned business can position themselves for success.

Source: Denver Post, "Family-owned pot shop in Denver seeks to become national player," Eric Gorski, Jan. 19, 2014

Email us your case details

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Broomfield Office
390 Interlocken Crescent
Suite 350
Broomfield, CO 80021

Phone: 303-451-0300
Fax: 303-464-8000
Map & Directions

Denver Office
1660 Lincoln Street
Suite 2000
Denver, Colorado 80264

Phone: 303-451-0300
Fax: 303-464-8000
Map & Directions

Breckenridge Office
106 North French Street
Suite 230
Breckenridge, CO 80424

Phone: 303-451-0300
Fax: 303-464-8000
Map & Directions

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.