
Although Colorado was one of the first states to legalize cannabis for adult use in 2012, the state only regulated cannabis deliveries in January of 2021.
Denver, the state's largest city and capital, didn't opt-in for cannabis delivery until the spring, choosing a model similar to how DoorDash (NYSE:DASH) and Uber Eats (NYSE:UBER) work, wherein a third-party transporter delivers the products from the retailer to the purchaser. In this model, both the dispensary selling the product and the transporter delivering the product - two different businesses - must apply for and obtain a license.