The city of Aurora, Colorado hosted a grand opening on Tuesday for its brand new 77,000-square foot, nearly $42 million recreational facility that was funded entirely by tax revenue generated from legal marijuana sales.  Known as the “Southeast Recreation Center and Fieldhouse,” the facility boasts a slew of amenities,... Read more
Curaleaf Announces Closure of Operations in California, Colorado and Oregon Proactive Exit Will Generate Additional Cash and Improve Margins in Non-SAFE Banking Environment 2023 Free Cash Flow Expected to Exceed $125 Million NEW YORK, Jan. 26, 2023 /PRNewswire/ — Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of... Read more
‘Sales plummet’ for recreational and medical marijuana in Colorado
Colorado saw an almost $100 million decline in marijuana tax revenue last year, and an industry trade group said on Friday that the drop is resulting in struggles for small-business owners. In 2021, Colorado collected $423 million in cannabis tax revenue, and last year, the state collected $325 million... Read more
Google released an announcement this month that explains an update to its “Dangerous Products and Services and Healthcare and Medicines.” As of Jan. 20, 2023, cannabis advertising will be allowed, but currently only in California, Colorado, and Puerto Rico. Specifically, this update pertains to U.S. Food and Drug Administration... Read more
Psychedelics including psilocybin are now officially decriminalized in Colorado, where voters decided last month to end criminal penalties for possessing the drugs. Colorado Governor Jared Polis issued a proclamation on Tuesday declaring that Proposition 122, also known as the Natural Medicine Health Act, had passed muster with the voters... Read more
The Denver district attorney’s office has dropped felony drugs charges filed against Rabbi Ben Gorelick, citing voters’ approval of a psilocybin legalization ballot measure in last month’s midterm elections. At a preliminary hearing in the case on December 8, prosecutors moved to dismiss charges against Gorelick and a chemist... Read more
A bid to include the SAFE Banking Act in a must-pass defense spending bill has failed, leaving advocates searching for a way to pass the legislation that would grant the legal cannabis industry access to banking services. Proponents of the measure had hoped to include provisions of the banking... Read more
Cultivating Community in a City Near You: Announcing NCIA’s 2023 Event Calendar
It’s been a year of big change for NCIA. As we come to the end of 2022, we want to take a moment to send a message to our members and supporters about these changes, and most importantly, get excited for what’s next for the future of NCIA events.... Read more
Democratic Senator John Hickenlooper of Colorado on Thursday introduced legislation designed to prepare the country for national cannabis legalization, laying the groundwork for drafting regulations to govern legal marijuana at the federal level. The bill, the Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPARE) Act, directs... Read more
Member Blog: Future Of FDIC Easing for Cannabis Banking After Biden Decriminalizes Marijuana
by Joshua Gilstrap, e2b teknologies Over the years, the simple possession or use of cannabis has seen many lives upended by arrests and criminal convictions. Unfairly, racial disparities have determined that black and brown individuals suffer most of these convictions, arrests, and prosecutions, even though white individuals use and... Read more

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