Recreational marijuana sales set for January 1 in Colorado: Will supply meet demand?

Recreational marijuana sales begin two weeks from Wednesday in Colorado.

Last year, voters in Colorado approved marijuana use for anyone over 21. Colorado already has a booming medical marijuana industry, but it is having trouble figuring out how to sell pot to the masses.

Pot for recreational use will be legal on Jan. 1 but wanting may not be having. Complicated regulations mean a mere 12 stores may be licensed by opening day.

Ean Seeb, who runs the medical marijuana company Denver Relief, won’t be licensed to sell recreational marijuana until later in January. It’s the same case for dozens of other outlets.

So will day-one supply meet demand?

CBS News’ Barry Petersen remarked to Seeb, “The predictions are that on January 1 there could be lines around the block of people wanting to buy recreational marijuana. What do you think?”

Seeb said, “I think that it’s a very good possibility, that it’s the first time in the history of the United States that somebody can walk into a facility, over the age of 21, and put down some money and get some cannabis in exchange for it.”

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