Colorado marijuana sales blow past $200 million in July
Colorado cannabis sales set a record yet again in July, eclipsing $200 million in a single month for the first time. Dispensaries sold $183,106,003 in recreational marijuana and $43,268,565 in medical marijuana in July, for a combined $226,374,568 in revenue, according to data from the Colorado Department of Revenue.... Read more
NCIA Response To DEA: RFI On Controls To Enhance The Cultivation of Marijuana For Research In The U.S. | The National Cannabis Industry Association Prepared by NCIA’s Policy Council In May 2020, NCIA submitted comments regarding the DEA’s Request For Information On Controls To Enhance The Cultivation of Marijuana... Read more
Letter to Sen. Crapo from Businesses regarding SAFE Banking | The National Cannabis Industry Association NCIA is leading the cannabis industry’s unified and coordinated campaign to ensure our business sector is treated fairly and has the opportunity to reach its full potential. Now – more than ever – is... Read more
Colorado cold snap destroys millions of dollars worth of marijuana plants, could disrupt industry
DENVER — Early cold temperatures and snow in Colorado may have destroyed millions of dollars worth of outdoor plants, cannabis and hemp companies said. The drop of about 70 degrees Fahrenheit occurred too early in the growing season for farmers to harvest the plants, Marijuana Business Daily reports. Related... Read more
Guest Commentary: The use of cannabis in the United States should be decriminalized
Amid the long-overdue national conversation about achieving true social justice, one key element is being largely overlooked: The need to end decades of misguided drug policy that has disproportionately taken a toll on minority communities. An issue certain to arise in the presidential campaign is whether the use of... Read more
June was Colorado’s biggest marijuana sales month ever. July was likely bigger.
June marks the first month in Colorado history that recreational marijuana shops sold more than $150 million worth of products as cannabis consumption during the COVID-19 pandemic continues to set industry records. Recreational marijuana consumers spent $158,102,628 at Colorado shops in June, according to data from the Department of... Read more
Colorado Gov. Jared Polis says pardons for marijuana convictions can start in 90 days
Colorado Gov. Jared Polis signed a bill into law Monday that allows him to mass-pardon Coloradans with minor marijuana possession convictions, although he has not said exactly how the process will work. Lawmakers passed House Bill 1424 on June 15, the last day of the 2020 legislative session. The... Read more
Colorado lawmakers let governor mass-pardon marijuana possession convictions
The governor would be able to mass-pardon marijuana convictions for possession of 2 ounces or less if he signs a bill that gives him that authority. It was the last amendment to the last bill considered Monday before Colorado’s General Assembly ended its work for the year. Lawmakers added... Read more
Denver’s marijuana businesses lack diversity in ownership and employment, city study finds
The majority of Denver’s cannabis-focused businesses are owned and staffed by white residents, leading to a lack of opportunities for people of color to get involved in the industry, according to a city study released Monday. According to Denver’s Cannabis Business and Employment Opportunity Study, 74.6% of owners of... Read more
NCIA Filed Amicus Brief – Court of Appeals, Ninth Circuit
National Cannabis Industry Association Files Amicus Brief in Landmark Cannabis Tax Case National trade organization presents substantive and Constitutional arguments against IRS 280E tax code preventing state-legal cannabis businesses from deducting normal business expenses Harborside Health Center is appealing U.S. Tax Court decision over exorbitant federal tax bill Read more
( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )