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The Journal.

How the 'Napa Valley of Cannabis' Dried Up

18 Apr 2025

Description

When Colorado became one of the first states to legalize recreational marijuana, a community called Pueblo stepped forward hoping to become the 'Napa Valley of Cannabis'. WSJ’s Julie Wernau visited the town to explore the cannabis boom that promised new jobs and tax revenue, and found an industry that had gone bust, with local residents struggling to find a way forward. Jessica Mendoza hosts. Further Listening: -The Highs and Lows of Diversifying the Cannabis Industry  Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Audio
Transcription

Full Episode

5.552 - 13.996 Julie Wernau

So this is Pueblo County, and this is where all the pot stuff started. And this whole area was filled with pot stuff.

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15.577 - 22.061 Jessica Mendoza

Karen Randall lives in Pueblo, Colorado, one of the first cities in the country to develop a legal marijuana industry.

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22.721 - 26.924 Julie Wernau

We're in cannabis country here. I'll show you the greenhouses over there you can see.

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28.345 - 36.31 Jessica Mendoza

Karen took our colleague Julie Wernow on a tour of Pueblo late last year. As they drove around, they spotted signs of the cannabis industry everywhere.

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36.33 - 42.653 Reporter

I mean, that looks like a giant sort of like industrial warehouse-sized building. Yeah, exactly.

43.634 - 56.501 Julie Wernau

I guess I'm just surprised how packed together it all is. And you can smell it. Can you smell the pot? Oh, yeah. Yeah, right.

57.489 - 65.795 Jessica Mendoza

That signature smell was hard to miss. And yet, many of the marijuana greenhouses and dispensaries that Julie saw seemed to be shuttered.

66.415 - 90.844 Julie Wernau

Well, it looks like a lot of abandoned businesses. You see anything in there? It looks empty, right? Yeah. So this is a big pot place. Wow. Yeah. A lot of these are closed. Right here is a dispensary. So this is the second one you've seen. It's not like, I'm not seeing like big full parking lots. No, I never see cars there.

91.305 - 101.75 Jessica Mendoza

Pueblo was a city that dreamed of being a marijuana hotspot. And it went all in on Colorado's growing legalized pot industry. Julie went there to see how it was faring a decade later.

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