Governor Jared Polis wants to see $5 million put in a new state fund intended to advance marijuana industry involvement among communities impacted by the War on Drugs, with the majority of that money going toward small grants and low-interest loans. The proposal for the Cannabis Advance Program (renamed from the Cannabis Opportunity Program, or COP), […]
Colorado
A New Sales Record Isn’t The Only Milestone Colorado’s Cannabis Industry Saw In 2020
Like so many things about 2020, cannabis sales in Colorado were outrageous; people spent more than $2 billion on products. That’s more money than they ever have before. That total continues the industry’s upward trajectory and breaks the previous record set just the year before in 2019. “We definitely saw a huge uptick in sales […]
November marijuana sales push Colorado’s industry to $2 billion annually for the first time
Colorado marijuana sales in November pushed the industry’s annual revenue to $2 billion for the first time. In November, dispensaries sold $175.1 million worth of products, according to figures released by the Department of Revenue on Tuesday. Recreational sales accounted for about $140.5 million, while medical sales accounted for nearly $34.7 million, the agency reported. While […]
Marijuana delivery, social equity reform and other Colorado cannabis trends to watch in 2021
Colorado’s marijuana industry experienced a banner year in 2020 — not in spite of the COVID-19 pandemic, but because of it. Dispensaries across the state were declared essential businesses and allowed to operate while bars, restaurants and gyms were forced to close. That designation helped sales exceed analysts’ expectations. According to Roy Bingham, co-founder and executive chairman […]
2020 is already the highest-selling year for weed in Colorado
And the year isn’t even over yet Colorado dispensaries sold more marijuana in the first 10 months of 2020 than they did during a record-setting sales year in 2019. October sales totaled more than $199.7 million in October, pushing the state’s annual revenue to more than $1.8 billion, according to the Department of Revenue. By […]
Countless Coloradans left out of Polis’ marijuana conviction pardoning
Michael Diaz-Rivera was 19 years old when he was arrested in 2006 for felony marijuana possession in Colorado Springs. He had less than an ounce, but took a plea deal for 8 ounces or more to avoid a charge for intent to distribute. Now, almost 15 years later, marijuana is legal in Colorado and anyone […]
Colorado Marijuana Sales Up Nearly 25 Percent From Last Year
Marijuana sales are experiencing their annual fall dip in Colorado, but they’re still comfortably outperforming last year, according to figures from the state Department of Revenue. Dispensaries tallied almost $206.5 million in sales during September, state data shows, a slight drop from August and nearly 9 percent less than the monthly marijuana sales record set in July of […]
Has Colorado’s Marijuana Industry Reached Adulthood?
Colorado’s pot industry has finally grown up, according to a new report commissioned by the state Marijuana Enforcement Division. The MED hired the Marijuana Industry Group and the University of Colorado Leeds School of Business to compile a report on the state of the green market in 2019, analyzing data connected to marijuana sales, supply, consumers, pricing and other industry […]
Colorado Marijuana Sales Top $1 Billion Since Pandemic Began
Colorado has seen over $1.1 billion in marijuana sales since the COVID-19 pandemic began in this country, according to figures from the state Department of Revenue. Legal marijuana sales topped $200 million in August for the second month in a row, reaching the second-highest monthly total since recreational sales started in 2014. Counting back to March […]
Colorado governor to mass-pardon 2,700-plus marijuana convictions
Colorado Gov. Jared Polis plans to mass-pardon 2,732 convictions of low-level marijuana possession through an executive order Thursday after signing a bill earlier this year that gave him that authority. “This really catches Coloradans up with where the law is today,” he told The Denver Post. House Bill 1424, passed by the General Assembly earlier this year, […]
