Colorado governor to mass-pardon 2,700-plus marijuana convictions
ColoradoMarijuana Industry News October 2, 2020 0
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... Read more
Marijuana Licenses for Low-Income Entrepreneurs Closer to Reality
ColoradoMarijuana Industry News September 29, 2020 0
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... Read more
New Record: Colorado Marijuana Sales Topped $226 Million In July
ColoradoMarijuana Industry NewsMedical MarijuanaRecreational Marijuana September 17, 2020 0
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... Read more
The U.S. Department of Agriculture has sent Colorado officials back to the drawing board to revise the state’s proposed hemp-farming laws submitted to the feds in June. Legalized nationwide in late 2018, farming of industrial hemp is still subject to federal oversight; states, territories and native tribes were given... Read more
Colorado Explores More Eco-Friendly Marijuana Regulations
ColoradoMarijuana Industry NewsRecreational Marijuana August 18, 2020 0
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... Read more
How CO HB1090 Cements Importance of Due Diligence in the Cannabis Industry
ColoradoMarijuana Industry News July 31, 2020 0
Colorado House Bill 19-1090 has dramatically altered cannabis business ownership and investment across the Centennial State. Prior to its passage in late 2019, ownership in a Colorado marijuana business was limited to private companies of 15 or fewer individual owners. Regardless of an individual’s percentage of ownership or control,... Read more
Colorado cannabis sales hit new all-time high in May at more than $192 million
ColoradoMarijuana Industry News July 14, 2020 0
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... Read more
