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
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, […]
COVID-19 Ushering in Automated Future for Retail Pot
The future of marijuana retail could mean more automation and shorter wait times as Colorado marijuana retailers change their business models during the COVID-19 pandemic. The Green Solution, one of the state’s largest dispensary chains, has installed self-service kiosks in all 21 lobbies of its retail stores. Meanwhile, Boston-based Anna offers self-service marijuana purchasing lockers that […]
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 […]
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% […]
Colorado Gov. Jared Polis says pardons for marijuana convictions can start in 90 days
Colorado Gov. Jared Polis signed a bill into law Monday that allows him to mass-pardon Coloradans with minor marijuana possession convictions, although he has not said exactly how the process will work. Lawmakers passed House Bill 1424 on June 15, the last day of the 2020 legislative session. The bill aims to make the legal marijuana industry […]
Colorado lawmakers let governor mass-pardon marijuana possession convictions
The governor would be able to mass-pardon marijuana convictions for possession of 2 ounces or less if he signs a bill that gives him that authority. It was the last amendment to the last bill considered Monday before Colorado’s General Assembly ended its work for the year. Lawmakers added the mass expungement option to House Bill 1424, which […]
