Green Dragon dispensary gets a lift from investors to keep Colorado, U.S. locations open – Colorado Public Radio
Green Dragon, one of Colorado’s biggest marijuana dispensary chains, is staying in business after all.
California-based Eaze Inc., Green Dragon’s parent company, got a $10 million lifeline from investors, according to a statement. The money will allow the company to reopen 70 locations, including Green Dragon outlets in Colorado, the statement said.
“The $10 million investment will allow us to strengthen our supply chain, enhance the customer experience, and set the foundation for long-term success,” Eaze Inc. CEO Cory Azzalino said in the statement.
The news marks an about-face after Green Dragon announced last month it was ceasing operations and closing all 17 Colorado locations by year’s end. A notice with the state labor department said it was also laying off all 59 workers at its grow facility.
Eaze has a lot of plans for the new investment, including hiring 1,000 operational positions, opening new dispensaries and expanding delivery capacity in Colorado, Florida, California and Michigan.
Marijuana sales are declining in Colorado as other states move to legalize recreational cannabis. The state’s tax revenues from cannabis sales have been falling for several years.
You want to know what is really going on these days, especially in Colorado. We can help you keep up. The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!
It takes a good day’s drive to cover Colorado, but we’ll help you do it in a few minutes. Our newsletters bring you a closer look at the stories that affect you and the music that inspires you.
Colorado Postcards are snapshots of our colorful state in sound. They give brief insights into our people and places, our flora and fauna, and our past and present, from every corner of Colorado. Listen now.
© 2026 Colorado Public Radio. All Rights Reserved. Privacy Policy.