--- description: Industrial space is leasing for up to four times the pre-legal pot rate title: Marijuana Legalization: Growers Strain Colorado Warehouse Space image: https://static.time.com/v3/assets/bltea6093859af6183b/blt6316e0b6752848d5/698682d6361760536b90aa21/ap404246784589.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [U.S.](/section/us/) ## U.S. Update your preferences in [Account Settings](/account/preferences/) Close * [Marijuana](/tag/marijuana/) ## Marijuana Update your preferences in [Account Settings](/account/preferences/) Close # Pot Growers Are Snatching Up Warehouse Space in Denver  by [Denver Nicks](/author/denver-nicks/)  ## Denver Nicks Update your preferences in [Account Settings](/account/preferences/) Close Mar 11, 2014 12:20 PM CUT  Different strains of pot are displayed for sale at Medicine Man marijuana dispensary in Denver on Dec. 27, 2013. Different strains of pot are displayed for sale at Medicine Man marijuana dispensary in Denver on Dec. 27, 2013.Brennan Linsley—AP  by [Denver Nicks](/author/denver-nicks/)  ## Denver Nicks Update your preferences in [Account Settings](/account/preferences/) Close Mar 11, 2014 12:20 PM CUT Industrial warehouse space in Denver is suddenly a hot commodity in [short supply](http://www.denverpost.com/marijuana/ci%5F25316132/pot-growing-warehouses-short-supply-demand-legal-weed "undefined"), as the city’s marijuana farmers look for grow space to help meet the surge in demand for legal recreational pot. Warehouse space in Denver is now leasing for up to four times the rate it went for before medical marijuana first sent legal pot sales climbing in 2009, the Denver _Post_ reports. At 3.1 percent, the city’s industrial vacancy rate is the lowest it has been in decades. Denver’s warehouse rush is likely to only intensify, as pot farmers scramble to meet demand that has already stressed the [available supply](http://nation.time.com/2014/01/08/pot-shops-cope-with-supply-concerns-amid-booming-sales/ "undefined") of above-board product since recreational pot became legal in Colorado on Jan. 1\. Officials announced this week that the state has already collected $2 million in [taxes](http://time.com/19210/colorado-recreational-pot-purchases-add-2-million-to-state-revenue/ "undefined") on $14 million in total recreational pot sales in 2014. “Supply is deficient, demand is excessive, and capital is abundant,” said the president of one Denver brokerage firm, summing up the status of things amid the state’s pot-fueled real estate boom. \[[_The Denver Post_](http://www.denverpost.com/marijuana/ci%5F25316132/pot-growing-warehouses-short-supply-demand-legal-weed "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/19706/pot-growers-are-snatching-up-warehouse-space-in-denver/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/19706/pot-growers-are-snatching-up-warehouse-space-in-denver/"},"headline":"Pot Growers Are Snatching Up Warehouse Space in Denver","datePublished":"2014-03-11T12:20:30.000Z","dateModified":"2026-02-21T06:41:55.274Z","description":"Industrial space is leasing for up to four times the pre-legal pot rate","url":"https://time.com/19706/pot-growers-are-snatching-up-warehouse-space-in-denver/","keywords":["Marijuana","Colorado","Denver"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt6316e0b6752848d5/698682d6361760536b90aa21/ap404246784589.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Denver Nicks","jobTitle":null,"url":"https://time.com/author/denver-nicks/"}],"articleSection":"U.S.","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt6316e0b6752848d5/698682d6361760536b90aa21/ap404246784589.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Different strains of pot are displayed for sale at Medicine Man marijuana dispensary in Denver on Dec. 27, 2013.","caption":"Different strains of pot are displayed for sale at Medicine Man marijuana dispensary in Denver on Dec. 27, 2013.","creditText":"Brennan Linsley—AP","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/us/","name":"U.S."}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/marijuana/","name":"Marijuana"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/19706/pot-growers-are-snatching-up-warehouse-space-in-denver/","name":"Pot Growers Are Snatching Up Warehouse Space in Denver"}}]}] ```