"Denver's Thriving Industries: A Closer Look at Three Booming Businesses"

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Source: CNBC
"Denver's Thriving Industries: A Closer Look at Three Booming Businesses"
Photo: CNBC
TL;DR Summary

Denver and Boulder in Colorado are experiencing tech-fueled economic booms, with Denver standing out due to its growth in professional sports, a popular outdoor recreation venue at Red Rocks Amphitheatre, and a thriving cannabis industry. Legal marijuana sales have added $15 billion to Colorado's economy, with Denver's marijuana tax revenue crossing the half-billion mark last year. Denver's professional sports franchises collectively raked in over $1 billion in 2022, placing the city among the top earners in professional sports nationwide. Red Rocks Amphitheatre generates a massive $717 million in regional economic output annually and is the world's most-attended concert venue, contributing to the city's economic success.

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