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(Trump casinos file Ch. 11, threaten Taj closure)
(Colorado’s ‘Green Rush’ Could Be Past Its Peak « CBS Denver)
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It s the fourth such filing for the struggling casino company or its corporate predecessors.
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DENVER (CBS4) The business of getting people high has produced some high returns for entrepreneurs in Colorado, but some feel like the state s green rush might be coming to an end.
The company filed in U.S. Bankruptcy Court in Wilmington, Delaware, saying it has liabilities of between $100 million and $500 million, and assets of no more than $50,000.
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Many in the marijuana industry refer to the explosion in marijuana retailers and pot-based outfits as the green rush.
It said cost-cutting negotiations with the main casino workers union <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors outlet</a>  have stalled, and that the company is preparing notices warning employees the Taj Mahal may close on Nov. 13.
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Those in the business say they have made their money by <a href=http://www.cicviseu.net/page.php?sale=Tory-Burch-2011>Tory Burch 2011</a>  hard work, not just being in the right state at the right time. But some in the industry aren t certain the climate here is ripe for many more success stories.
  Absent expense reductions, particularly concessions from their unions, the Debtors expect that the Taj Mahal will close on or shortly after November 13, 2014 and <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors outlet</a>  that all operating units will be terminated between November 13, 2014 and November 27, 2014, the company wrote in its bankruptcy filing.
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I don t know if that s the case that you could have new people jump in and be very successful because that market s pretty saturated and it s got a lot of established operators, said Kayvan Khalatbari, a marijuana store on South Broadway in Denver.
Donald Trump owns a 10 percent stake in the firm, but no longer controls it. He is suing the company to remove his name from the properties, which he says have fallen into disrepair and do not meet agreed-upon standards of quality and luxury.
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But it certainly can be very profitable.
The company last went through bankruptcy in 2009.
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CBS4 s Suzanne McCarroll interviews Kayvan Khalatbari. (credit: CBS)
Three other Atlantic City casinos have closed this year, as the industry struggles with competition in nearby states.  
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Khalatbari operates Denver Relief. He told CBS4 he started consuming cannabis as a teen, and that it helped him deal with anxiety in high school.
Atlantic City began the year with 12 casinos, but could end it with seven <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors handbags</a>  if the Taj Mahal closes. So far this year, the Atlantic Club, Showboat and Revel have gone out of business, with Trump Plaza closing next Tuesday.
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Khalatbari also operates a cannabis magazine called Birdy, a standup comedy showcase called Sexpot Comedy which has marijuana-friendly shows and Sexy Pizza, a chain of pizzerias where part of the proceeds go to drug education.
If the Taj Mahal closes, Trump Entertainment would have no remaining properties and would presumably go out of business.
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  I don t think I jumped in like a lot of people did, I eased in, he said.
Wayne Parry can be reached at http://twitter.com/WayneParryAC
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The owners of a Highlands restaurant called Jezebel s are in the process of building on their existing <a href=http://www.cicviseu.net/page.php?sale=Cheap-Jimmy-Choo-Ugg-Boots>Cheap Jimmy Choo Ugg Boots</a>  business with a marijuana-based operation.
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Jezebel s (credit: CBS)
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Chef Scott Durrah told CBS4 he s planning to add a cannabis cooking school to the family business that will teach students to infuse their food with marijuana.
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This is a meal that the family can eat but also you make a side dish for yourself that s infused. It gives you the option, said Durrah, showing off one of his dishes students will learn how to make.
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Chloe Villano says her cannibas-based consulting business is working out so well she seldom has free time.
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Cloverleaf Consulting is a consulting firm that started in June 2010 and we ve set up hundreds of businesses successfully in the state of Colorado, she said.
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Chloe Villano, right, meets with a client. (credit: CBS)
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She saw a niche people needing help navigating the business of marijuana, and she raced to fill it.
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Villano is like many in the marijuana industry who have come a long way. She says she started with nothing.
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And now I live in downtown Denver. I drive a pretty nice car, I m in a high rise and I m doing really well, she said.
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People magazine labeled Villano a marijuana millionaire. She is <a href=http://architectscanterbury.co.uk/page.php?sale=True-Religion-Billy-Leather-Pants>True Religion Billy Leather Pants</a>  now is helping clients set up marijuana businesses outside of Colorado, where there s potential for more green rushes to emerge as more states besides Colorado and Washington consider legalization.
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More Marijuana Legalization Stories

Revision as of 03:53, 19 September 2014

@@@ DENVER (CBS4) The business of getting people high has produced some high returns for entrepreneurs in Colorado, but some feel like the state s green rush might be coming to an end. Many in the marijuana industry refer to the explosion in marijuana retailers and pot-based outfits as the green rush. Those in the business say they have made their money by <a href=http://www.cicviseu.net/page.php?sale=Tory-Burch-2011>Tory Burch 2011</a> hard work, not just being in the right state at the right time. But some in the industry aren t certain the climate here is ripe for many more success stories.

I don t know if that s the case that you could have new people jump in and be very successful because that market s pretty saturated and it s got a lot of established operators, said Kayvan Khalatbari, a marijuana store on South Broadway in Denver.
But it certainly can be very profitable. 

CBS4 s Suzanne McCarroll interviews Kayvan Khalatbari. (credit: CBS) Khalatbari operates Denver Relief. He told CBS4 he started consuming cannabis as a teen, and that it helped him deal with anxiety in high school. Khalatbari also operates a cannabis magazine called Birdy, a standup comedy showcase called Sexpot Comedy which has marijuana-friendly shows and Sexy Pizza, a chain of pizzerias where part of the proceeds go to drug education.

I don t think I jumped in like a lot of people did, I eased in, he said.

The owners of a Highlands restaurant called Jezebel s are in the process of building on their existing <a href=http://www.cicviseu.net/page.php?sale=Cheap-Jimmy-Choo-Ugg-Boots>Cheap Jimmy Choo Ugg Boots</a> business with a marijuana-based operation. Jezebel s (credit: CBS) Chef Scott Durrah told CBS4 he s planning to add a cannabis cooking school to the family business that will teach students to infuse their food with marijuana.

This is a meal that the family can eat but also you make a side dish for yourself that s infused. It gives you the option, said Durrah, showing off one of his dishes students will learn how to make.

Chloe Villano says her cannibas-based consulting business is working out so well she seldom has free time.

Cloverleaf Consulting is a consulting firm that started in June 2010 and we ve set up hundreds of businesses successfully in the state of Colorado, she said.

Chloe Villano, right, meets with a client. (credit: CBS) She saw a niche people needing help navigating the business of marijuana, and she raced to fill it. Villano is like many in the marijuana industry who have come a long way. She says she started with nothing.

And now I live in downtown Denver. I drive a pretty nice car, I m in a high rise and I m doing really well, she said.

People magazine labeled Villano a marijuana millionaire. She is <a href=http://architectscanterbury.co.uk/page.php?sale=True-Religion-Billy-Leather-Pants>True Religion Billy Leather Pants</a> now is helping clients set up marijuana businesses outside of Colorado, where there s potential for more green rushes to emerge as more states besides Colorado and Washington consider legalization. More Marijuana Legalization Stories

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