Old Buddy Boy Dispensaries Get New Tenants After Tax Settlements … – Westword

At least four storefronts formerly occupied by Buddy Boy dispensaries could again house pot shops now that the marijuana chain’s ownership has settled with state and city tax officials.

Once one of Denver’s largest dispensary chains, Buddy Boy opened in 2014 and eventually expanded into seven dispensaries across the city. In June 2022, however, Buddy Boy ownership abruptly announced it was closing all stores because of declining sales — but the closures were soon “expedited” by the Denver Department of Finance over unpaid sales taxes.

According to the department, Buddy Boy owed an estimated $500,000 in back taxes. At the time, owner John Fritzel blamed the steep decline in sales for the failure to pay and said he hoped government officials would allow him to sell his marijuana licenses in order to raise the funds to pay the bills.

“We’ve got active sales contracts. Selling one store should be able to pay for all of this and then some. If their main concern is to get paid, that would be no problem,” he told Westword. “The goal here is to definitively satisfy what we owe, same for our landlords and vendors. Our goal is to get that taken care of, and in

Read More Here...