Starting next year, Colorado marijuana customers could begin getting their purchases delivered at home, like pizza. And people seeking to use marijuana socially — including tourists, who have few options for where to go — could consume what they buy in tasting rooms or bring-your-own-pot establishments. But there’s a big catch:... Read more
Colorado’s prohibition on publicly traded cannabis companies, which dates back to legalization and was previously preserved by former Gov. John Hickenlooper, is now a relic of the past. Gov. Jared Polis signed legislation Wednesday ending the ban, opening up Colorado’s cannabis industry to outside investors for the first time. A publicly traded... Read more
Charlotte’s Web Holdings, the Boulder, Colorado-based maker of whole-plant hemp health supplements, reported quarterly revenues of $21.7 million for the three months ended March 31, up almost 66% from the corresponding period last year ($13.1 million). The company reported net income of $2.3 million for the period, compared with... Read more
Three major bills passed through the General Assembly in 2019 that could change the way the cannabis industry works in the coming years It’s become a predictable pattern in the era of legal recreational pot in Colorado. Every year, the state sets a record for marijuana sales then, 12... Read more
People spent more money on marijuana in March 2019 than any other month since recreational marijuana sales began nearly five and a half years ago. According to data released by the Colorado Department of Revenue, sales of recreational and medical marijuana exceeded $142.4 million in March, over $1 million more... Read more
When Denver voters approved Initiative 301 last week, they couldn’t have known that their votes may have impacted the future of cannabis legalization. For those who are unfamiliar, Initiative 301 essentially decriminalizes psychedelic mushrooms. While it does not make legal these mushrooms, it does make them a low priority... Read more
On Wednesday, May 8, 2019, Denver, Colorado announced a pass result for Initiated Ordinance 301, becoming the first U.S. jurisdiction to decriminalize psilocybin-containing mushrooms. The ballot title reads as follows: Shall the voters of the City and County of Denver adopt an ordinance to the Denver Revised Municipal Code that would make the personal use…
Coloradans voted for major change in November 2012, when they approved Amendment 64 and legalized recreational cannabis. Now Colorado lawmakers have approved changes that will prove almost as momentous. Measures opening the state to social pot use and commercial cannabis delivery, as well as approving new medical conditions for... Read more
The 2019 legislative session may one day be remembered as a turning point for the marijuana industry in Colorado — the moment it came to be viewed not as a challenge to be controlled, but as an opportunity to be embraced. Cannabis advocates and critics alike largely attribute the... Read more
Sanitas Peak, a Boulder, Colorado-based investment group, said it has placed a $3 million debt facility with Colorado Cultivars, a producer of industrial hemp. Proceeds from the loan primarily will be used to develop production and processing facilities at the company’s main farm in Eaton, Colorado. More details can... Read more
