Colorado medical marijuana sales spiral down as industry suffers
Julie Richardson moved to Colorado from Louisiana in 2015, specifically to get the quality of cannabis-derived medicines obtainable here — but which were unavailable or too expensive back home. Now, Richardson, who suffered a spinal injury when she was 6 months old and who has gone through repeated reconstructive surgeries... Read more
The Denver City Council on Monday signed off on a measure designed to bolster the city’s cannabis delivery services, and do right by individuals who have been adversely affected by the War on Drugs. Axios reports that city lawmakers “approved a measure that will make delivery exclusivity permanent for... Read more
Sales of both medical and recreational cannabis in Colorado plummeted in June compared to the previous year, the state’s Department of Revenue reported, an alarming decline that industry officials attribute to a variety of reasons. Medical marijuana sales totaled $19,235,656 in June—down from $34,534,293 in June 2021. Recreational pot... Read more
‘There’s a real attack on the industry’: Medical marijuana sales continue to drop in Colorado
Colorado’s Department of Revenue says medical marijuana sales are continuing to drop. Experts are worried about people with health conditions having access to the treatment they need. They say patients are paying more in taxes for similar products at recreational facilities. “This is the lowest they’ve been since the... Read more
A new study published in the journal Addiction on Aug. 24 analyzed cannabis consumption data across the nation, with a specific focus on adult identical twins. Called “Impacts of recreational cannabis legalization on cannabis use: a longitudinal discordant twin study,” the study used twins to explore the frequency of... Read more
Ever since cannabis became recreationally legal in Colorado, the industry has been on an upturn. Now, for the first time ever, the Colorado industry is trending down.  This became most obvious when looking at tax revenue, but there are other signs as well. Dispensaries are closing down, and delivery services... Read more
Colorado marijuana sales decline to $146M in June
Marijuana sales in Colorado continued to decline in June and totaled just $146 million, according to the Colorado Department of Revenue. The total represents a less than 1 percent decline from May and a nearly 22 percent decline from June 2021. So far in 2022, more than $906 million of marijuana has... Read more
Schwazze Announces Second Quarter Results Record Quarterly Revenue and Adjusted EBITDA Revenue Increases 44% to $44.3 Million Compared to $30.7 Million in Q2 2021 Adjusted EBITDA of $15 Million, 33.9% of Revenue Revised Guidance Driven by Short-Term, Challenging Colorado Market ConditionsQ4 2022 Projected Revenue Annualized Run Rate: $175 Million... Read more
Committee Blog: Cannabis Lounges – Coming to a City Near You? 
By Jodi Green, Miller Nash LLP; Shay Gilmore, The Law Office of Shay Aaron GilmoreMembers of NCIA’s Risk Management and Insurance Committee Although the concept of state-legal cannabis has been around in some shape or form since 1996, cannabis remains illegal to consume in most public places. In other... Read more
Inside Denver’s struggles to diversify its $700M marijuana market
“It’s not the program’s fault,” Cohen said, praising the efforts of city and state policymakers. “There’s a high cost to all the regulations.” As weed legalization spreads across the country, white-owned cannabis companies are overwhelmingly the ones raking in billions of dollars a year selling a drug that disproportionately... Read more

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