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
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, […]
Marijuana Licenses for Low-Income Entrepreneurs Closer to Reality
Colorado marijuana regulators are closer to creating new business licenses for eligible entrepreneurs who lack funding, with the micro-license applications expected to become available early next year. Securing a marijuana license has proven to be a costly, lengthy venture for a startup business in Colorado, with most licensing opportunities in Denver and other metro communities drying […]
New Record: Colorado Marijuana Sales Topped $226 Million In July
Marijuana sales continue to set new records in Colorado, eight years after recreational use was legalized in the state. Sales topped $226 million in July, according to the Department of Revenue. Marijuana dispensaries were deemed essential businesses during the coronavirus pandemic and were allowed to remain open during the stay-at-home order. Colorado also made online sales […]
Colorado cold snap destroys millions of dollars worth of marijuana plants, could disrupt industry
Early cold temperatures and snow in Colorado may have destroyed millions of dollars worth of outdoor plants, cannabis and hemp companies said. The drop of about 70 degrees Fahrenheit occurred too early in the growing season for farmers to harvest the plants, Marijuana Business Daily reports. Jon Vaught, CEO of a cannabis biotech firm Front […]
USDA on Colorado’s State Hemp Plan: Try Again
The U.S. Department of Agriculture has sent Colorado officials back to the drawing board to revise the state’s proposed hemp-farming laws submitted to the feds in June. Legalized nationwide in late 2018, farming of industrial hemp is still subject to federal oversight; states, territories and native tribes were given about two years to craft their […]
Colorado Explores More Eco-Friendly Marijuana Regulations
Legal marijuana could become less of a strain on Colorado’s environment if the pot industry embraces a new set of waste removal and packaging rules — but not without a three-way tug-of-war between saving money, preventing black market sales and encouraging environmental sustainability. Leftover marijuana plant matter isn’t your typical twigs and leaves. Because of […]
June was Colorado’s biggest marijuana sales month ever. July was likely bigger.
June marks the first month in Colorado history that recreational marijuana shops sold more than $150 million worth of products as cannabis consumption during the COVID-19 pandemic continues to set industry records. Recreational marijuana consumers spent $158,102,628 at Colorado shops in June, according to data from the Department of Revenue’s Marijuana Enforcement Division. It’s a 6% […]
How CO HB1090 Cements Importance of Due Diligence in the Cannabis Industry
Colorado House Bill 19-1090 has dramatically altered cannabis business ownership and investment across the Centennial State. Prior to its passage in late 2019, ownership in a Colorado marijuana business was limited to private companies of 15 or fewer individual owners. Regardless of an individual’s percentage of ownership or control, every owner was required to pass […]
