Colorado cannabis sales are on track to reach an all-time high at record speed, with cannabis having already banked $1 billion in sales within the first eight months of 2017.
Tag Archives: The Cannabist
With members of the industrial hemp industry facing unnecessary banking hurdles, several United States Senators have joined forces to urge the Department of Justice not to use funds to punish banks that do business with them.
Marijuana grown by the federal government for research purposes does not have the same quality as the pot from other sources. Until recently, the U.S. federal government had to grow all the marijuana that would be used in scientific research, but researchers have found the government’s pot to be, essentially, irrelevant.
In 2016, Colorado sales of recreational and medical marijuana sales combined hit $1.3 billion, according to a Feb. 9, 2017, article by the Associated Press. The figure, drawn from a Colorado Department of Revenue report, shows a steady climb from $699 million in 2014 and $996 million in 2015.
On Jan. 17, 2017, Colorado Gov. John Hickenlooper announced a plan to raise the sales tax on marijuana from 10% to 12% in order to cover a $135.1 million budgetary shortfall.
On Jan. 16, 2017, the Denver-based law firm Hoban Law Group, which represents several clients in the hemp industry, announced that it had filed a petition with the United States Court of Appeals for the Ninth Circuit to challenge a new DEA rule that would make cannabidiol illegal.
Colorado’s retail sales of marijuana have so far exceeded $1 billion this year. According to a new report from The Cannabist, the state sold approximately $1.1 billion worth of marijuana within the first 10 months of 2016, surpassing the yearly total of $996,184,788 in 2015.
DENVER, Dec. 9, 2016 /Weed Wire/ — The nation’s largest law firm representing cannabis industry businesses continues to gain recognition for work on the frontline of cannabis legalization.
New data from the Colorado Department of Revenue reveals a record-breaking September 2016 for sales at marijuana shops, according to The Cannabist. With $127.8 million in combined sales of recreational and medical marijuana, September sales were up $33.1 million, from $94.7 million, during the same month in 2015.
Nelson is a legalization activist, a social warrior and now a ganjapreneur via his own Willie’s Reserve pot brand, and he still gets high regularly at age 83. But he’s also not the most discerning of cannabis consumers.
The legal marijuana industry had a $2.39 billion impact on the state of Colorado in 2015. This is according to a new report released by the Marijuana Policy Group, an economic and market research firm based out of Denver.
Colorado has had another recording breaking sales month. On Oct. 12, the state Department of Revenue released data that revealed medical and recreational marijuana stores sold approximately $126 million of marijuana in August 2016, surpassing July’s record of $122 million.
Scotts Miracle-Gro built a multi-billion dollar business by being a market leader across several categories of the lawn-and-garden industry. The problem? Those categories weren’t growing all that fast.
DENVER, Sept. 19, 2016 /Weed Wire/ — A new poll finds Colorado voters are still upbeat about their decision to regulate and tax marijuana for adult use, and few would support repealing Amendment 64, the legalization initiative approved in November 2012.
Medical marijuana advocate and former Baltimore Ravens player Eugene Monroe published his first column for The Cannabist on Aug. 1, 2016. “On a mission to get the NFL to accept cannabinoids as a viable option for pain,” says part of Monroe’s biographical information at the end of the column. The Baltimore Ravens released Monroe in June 2016.
On June 30, 2016, the Colorado Health Research Council announced its formation to oppose Amendment 139, a constitutional amendment in Colorado that would limit the potency of THC in marijuana flower and infused products to 16 percent.
Colorado’s monthly cannabis sales have reached a new apex in the legal era with a record-setting $117 million worth of flower, edibles and concentrates sold in April 2016.
On Feb. 9, 2016, The Cannabist reported that Colorado collected $996.2 million in legal medical and recreational sales in 2015, representing a 42% increase from the $699 million in sales that had been recorded in 2014.
The cannabis sector welcomed the successful introduction of MassRoots (OTCQB: MSRT), with shares traded comfortably above $1 with great volume.
Life for Colorado marijuana users just got a little easier. Thanks to new state regulations governing the packaging, labeling and potency of marijuana edibles.
Thanks to the surplus of medical marijuana license registration fees in Colorado, the state can now use funds to finance new medical studies on marijuana.
Election Day 2014 is approaching and although it is not a presidential election year, it is an important ballot for residents and business owners in the state of Colorado.
As of late, the mood in Colorado regarding marijuana seems to have been souring. The Republican candidate for governor, Bob Beauprez, suggested that Coloradans should re-examine the issue to see if “maybe we’ve gone too far.”
Stoner. What does that word mean to you? To some it brings the image of cannabis culture and lifestyle, but to others it is the image of a long haired, marijuana smoking, fast food eating burnout.
On September 16, 2014, the Colorado Board of Health will convene a public hearing on a proposed change to Colorado’s medical marijuana caregiver laws. Under current laws, caregivers are allowed up to five patients; however, if caregivers can get a special waiver, they can serve more.
One of the leading arguments for the legalization of cannabis is the tax revenue a state can generate. Unfortunately for Colorado, instead of generating the predicted $33.5 million tax revenue, they only generated $12 million, a shortfall of $21.5 million.
If there is one thing that most cannabis enthusiasts love, it’s pizza; and what’s not to love? Pizza is one of the most versatile dishes on the planet and there are too many variations of it to count. Now, Unique Pizza and Subs, a pizza company in Pittsburgh, is bringing together America’s two favorite things: Pizza and Cannabis.
As a marijuana resource site, Leafly allows users to review strains of marijuana; part of the review process allows users to select medical conditions and symptoms they believe a strain can treat, as well as allowing them to add their own medical conditions and symptoms they believe are treatable with specific strains.
There have been a lot of projections about the effects of legalizing cannabis. Proponents predicted that it would boost the economy, create jobs and lower crime. Opponents predicted rampant crime, drug addiction and the utter ruin of the American family (or something to that effect). Yet with all of those predictions and accusations, there was one impact few experts saw coming: an increase in the homeless population.
In an effort to bridge the gap between customers and cannabis providers, cannabis advocacy group NORML has paired with some of the industry’s leaders to create the NORML Business Network.
On Tuesday, July 8, 2014 Washington officially became the second state in the union to legalize recreational marijuana. Only six licensed shops were open, but that didn’t stop thousands of cannabis enthusiasts from lining up around the block to be among the first to buy legal cannabis in their state.
Marijuana goes by many names besides those used on the street. It is called medicine by those who swear by its therapeutic effects. It is called safer than alcohol by advocates for recreational use. Now, marijuana is being called a performance-enhancing drug for athletes.
On July 1, 2014, whether you knew it or not, the cannabis market in Colorado changed overnight. Expect to see a new wave of Colorado cannabis shops opening up, more jobs being created, and the market becoming even more competitive.
What can you say about a great American personality, comedian, singer-songwriter, actress and political activist that has not been said a hundred times before? This time, Whoopi Goldberg beat the media to the post by outing herself, and this is good news for the movement.
Barring a few spats to come in the heartland of conservatism, medical marijuana has become a feature in American media. Sure, we bicker endlessly over it, but that’s our culture. For today’s post I grabbed three media reports almost at random. Taken together, they make for a curious story.