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 […]
Colorado
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 […]
Marijuana Bills Introduced in Colorado Legislature in 2019
We’re over two months into Colorado’s 2019 legislative session, and pot proposals have been creating plenty of buzz at the State Capitol. While bills to provide medical marijuana patients with firearms rights and altered-state DUI laws regarding marijuana use are as good as dead, measures that would expand medical marijuana access, allow pot delivery and set up […]
Why 2019 Could Be Marijuana’s Biggest Year Yet
On November 7, the day after Democrats seized control of the House with what would become a 40-seat swing, President Trump fired his Attorney General, Jeff Sessions. That day, at his home in California, Smoke Wallin’s phone blew up with congratulatory calls from friends and associates celebrating the political demise of the nation’s top law […]
Meet America’s first pot governor, Colorado’s Jared Polis
The governor-elect takes office at a significant moment in Colorado for the cannabis industry. Jared Polis takes office Tuesday as Colorado’s new chief executive — and America’s first pot governor. The Democrat’s long-standing support for legal marijuana, his embrace of the industry as a core part of his campaign agenda and his unique strategy to […]
The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill
CPA Covers The Income Tax Implications for Hemp Farms after the new 2018 Farm Bill The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law. One of the major components of this legislation of industrial hemp. This blog post will mainly focus on what the tax implications of this legalization and […]
