Back Taxes Shut Down Buddy Boy Dispensaries Before Planned Closure

, but the City of Denver actually shut the marijuana chain's doors days earlier.Denver Department of Finance

Buddy Boy had notified employees earlier this month that the company had planned to close up shop; in an interview with, majority owner John Fritzel pointed to poor marijuana sales and dropping prices as the reasons.article announced the company's upcoming shutdown. After learning of those plans, the Department of Finance posted distraint warrants and notices of closure on the doors of all Buddy Boy stores.

The city is"still working with" Buddy Boy to determine the exact amount of tax payments owed, but Ellington estimates it's around $500,000 and dates back"several months." There are no hearings or penalties currently planned for Buddy Boy, he adds.

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