skip to Main Content
Denver company avoids Colorado ban on publicly traded pot companies

As Colorado’s legislature considers whether to allow publicly traded cannabis companies to operate in the state, one such company in Denver has been doing so for months.

Founded in 2010 by John Fritzel, then a bankrupt former Subway franchisee, and two of his friends, MJardin has become a significant player in North America’s cannabis industry. In Colorado alone, it manages 13 cultivation facilities, 14 acres of outdoor growing operations and seven dispensaries, according to a slideshow presentation it gave to investors in January that was obtained by The Denver Post.

In mid-November, MJardin went public on the Canadian Securities Exchange, seemingly causing a conflict with the spirit — if not the letter — of Colorado’s prohibition on publicly traded cannabis companies. There are a half-dozen mentions of the restriction in the state’s marijuana rulebook.

Jeannette Harkin, a senior vice president at MJardin, said in an email that the company consults, advises and assists in marijuana cultivation in Colorado but does not operate or own licensed marijuana businesses. MJardin “cooperates fully with applicable laws and regulations,” she said. [Read more at The Denver Post]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

Virginia Maggiore, AIA, Named Principal of RDC

PRESS RELEASE LOS ANGELES (JUNE 22, 2022) –Virginia Maggiore, AIA, has been named Principal of RDC, a full-service, award-winning architecture firm. Since joining RDC in 2019, Maggiore has built the firm’s Retail Store Rollout and Planning practice, adding notable retail and cannabis industry clients to the firm’s roster and garnering accolades for her work. “Virginia…

Nevada poised to OK cannabis lounge regulations, opening door to public marijuana use

A year after lawmakers passed a bill authorizing cannabis consumption lounges, Nevada officials are poised to approve regulations that could pave the way for bar-like establishments where people could use marijuana as early as this year. The Cannabis Compliance Board is scheduled to meet Tuesday and potentially vote on the regulations governing lounges. The existence of such venues…

CANN Co-founder Luke Anderson on Staking a Claim to the Microdose Infused-Beverage Sector

By all accounts the infused-beverage sector of the U.S. cannabis industry has only begun to hit its stride and should only expand in the years ahead, even if its share of cannabis sales remains relatively stable. According to the Cannabis Beverage Association, sales surged 40 percent in 2021, to $95.2 million, with THC-infused beverages slated…

Weed users nearly 25% more likely to need emergency care and hospitalization

Using recreational marijuana is associated with a higher risk of emergency room care and being hospitalized for any reason, a new study has found. “Cannabis use is not as benign and safe as some might think,” said study author Nicholas Vozoris, assistant professor and clinician investigator in the division of respirology at the department of…

More Categories

Back To Top
×Close search