Black Friday Is Out, Green Friday Is in: Colorado Goes Marijuana for the Holidays – Tech Times

Cannabis Station dispensary

Medical marijuana has been legally sold for years in many states. The legalization of recreational pot use, however, has stirred up economic changes signifying the dynamic nature of the industry.
(Photo : Jeffrey Beall)

Black Friday is a shopping tradition. It’s not an official holiday, but people stop and drop what they’re doing to participate. For consumers, it means crazy deals. For retailers, it means crazy sales. Marijuana dispensaries want in on the action, taking a page from traditional retailers, cooking up their very own “Green Friday.”

Colorado legalized recreational marijuana use in January so this Black Friday marks the first time that dispensaries can participate in the biggest shopping day of the year. And like many traditional retailers, they saw brisk sales Friday as locals and tourists trooped to the state’s Green Mile to get their hands on discounted pot.

Like traditional retailers, marijuana dispensaries are taking different approaches for Green Friday depending on what they want to achieve. For those interested in attracting new customers, dropping prices is the way to go, with some cannabis strains getting as much as 80 percent off their original prices. Selling at below cost won’t make profits, but the potential draw of new customers who could turn into long-term patrons will be well worth it.

For those keen on completing their Christmas shopping early, gift sets are also available from the dispensaries. As a free service, some will also throw in gift wrapping, stockings and gift totes with purchases.

For those who want to give the gift of pot but would rather their recipients choose their own strains, gift certificates are also available, albeit they’re only handwritten. This is because banking regulations don’t allow major credit card companies to back marijuana gift cards, unlike what they do for traditional retailers.

Not to …read more