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 […]
Colorado
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 […]
Colorado cannabis sales hit new all-time high in May at more than $192 million
That’s the biggest single-month tally since recreational sales began in 2014 Cannabis sales in Colorado set a new monthly record in May, hitting their highest level since recreational sales began in 2014. Dispensaries sold $192,175,937 worth of products in May, according to data from the Department of Revenue’s Marijuana Enforcement Division. That’s up about 29% […]
Marijuana Social Clubs: How Colorado is Setting the Pace
On January 1, 2020, Coloradoans could begin meeting up at marijuana social clubs because the Colorado State Licensing Authority began issuing marijuana hospitality establishment licenses, which allow licensees to permit the consumption of marijuana on their premises. However, hospitality licensees abruptly closed in mid-March because Coronavirus has kept Coloradoans from socializing with each other. After […]
(Pot)Heads in Beds: The Effect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington
This paper uses monthly hotel occupancy data to examine the effect of marijuana legalization on tourism in Colorado and Washington. The results indicate a large increase in hotel rooms rented in Colorado, with a considerably smaller effect for Washington. The effects are larger in both states once commercial sale is permitted above and beyond legalizing […]
Stimulus Checks, the Unofficial Federal Aid for Colorado Weed Shops
The marijuana industry won’t receive any official aid from federal business bailout packages, but it still received an assist from the first round of stimulus payments, which came just in time for the plant’s biggest holiday. Colorado’s marijuana dispensaries reported significantly higher sales this week, the same week that many Americans started receiving $1,200 payments […]
Coronavirus fuels marijuana industry’s push for online sales, delivery in Colorado
Now under Colorado’s emergency rules, customers can pay for marijuana online and then pick up their purchase at the store. Colorado has made online sales of recreational marijuana legal during the coronavirus pandemic, fulfilling one of the pot industry’s biggest wishes and fueling its argument for more concessions that could be made permanent when the […]
Colorado’s marijuana businesses can remain open during pandemic, but they say they’re still struggling
Cannabis companies, and the consultants and lawyers who aid them, not eligible for federal stimulus money As the coronavirus fueled changes in regulation for Colorado’s cannabis industry, leaders at LivWell Enlightened Health knew they needed to make dramatic moves to keep the business and its workers thriving. And fast. On March 30, 18 company executives […]
Study finds more edible pot among Colorado teen users
DENVER — Some teenagers in Colorado, where marijuana is legal for adults, are shifting away from smoking in favor of edible cannabis products, a study released Monday shows. About 78% of the Colorado high school students who reported consuming marijuana in 2017 said they usually smoked it, down from 87% two years earlier. The number […]
Reefer Madness or Pot Paradise? The Surprising Legacy of the Place Where Legal Weed Began
Colorado’s first-in-the-nation experiment with legalized marijuana has infused the drug into almost every corner of life. DENVER — Serenity Christensen, 14, is too young to set foot in one of Colorado’s many marijuana shops, but she was able to spot a business opportunity in legal weed. She is a Girl Scout, and this year, she […]
