DENVER, Feb. 1, 2017 /Weed Wire/ — GrowGeneration Corp. (OTCQB: GRWG), GrowGeneration (“GrowGen” or the “Company”), one of the largest specialty retail hydroponic and organic gardening store chains, selling to both the commercial and home cannabis markets, with currently 9 locations in Colorado, 1 location in California and 1 location in Las Vegas, NV, today announced that it has signed a 5-year lease on a 13,000 square foot facility in Denver, CO for its 12th store.
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SightGlass plans to run a wholesale confections manufacturing facility that specializes in chocolates and artisan confections that have been infused with cannabis, with the final products to be distributed at retail stores in Oregon.
Marijuana may now be one of the most valuable crops in legalizing states like Colorado. That said, it remains a controversial crop for many reasons, one of which is the smell.
The Colorado cannabis industry has just passed another significant milestone. On October 1, 2014, the rule that required marijuana cultivators to be tied to a specific dispensary has expired.
Home Treasure Finders Inc., (OTCBB: HMTF) (OTCQB: HMTF) www.hometreasurefinders.com, a multi-division real estate sales, property management and leasing company, announces closing the purchase of an industrial warehouse in Denver, Colorado. The $850,000 dollar acquisition is subdividable and marks the company’s first commercial cannabis acquisition.
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.