Colorado Springs collected $268,400 in application fees from medical marijuana businesses, according to the City Clerk’s Office.
If all the applications are approved, the city is poised to pocket $477,000 more in license fees.
Here’s the mathematical breakdown:
The city received 122 applications. That’s $2,200 a pop.
The applications covered 265 license types. That’s $1,800 a pop.
The license fees will not be due to the city until both the city and the state approve the applications, according to Lee McRae, a license enforcement officer in the clerk’s office.
He said the city is estimating that it will take between three and five months to vet all the applications.