Developer may boost stake in Colorado marijuana chain

A longtime Vail developer with years of experience in the marijuana trade is poised to strengthen his ownership stake in Native Roots, one of Colorado’s largest cannabis retail chains.

Businessman Peter Knobel will boost his stake in Native Roots from 50% to 67%, pending state approval of the deal, according to the Aspen Times. The deal was recently approved by local officials in Aspen.

Native Roots operates 17 medical and recreational storefronts in Colorado, including one in Aspen that does business as RJJ Aspen.

If the deal is approved…