Business News

Pot-license “points” systems in Aurora, Thornton invite legal scrutiny

Cities and towns in Colorado have devised all sorts of ways to decide how many pot shops can open and where, but two communities using a points-based system to evaluate and select prospective recreational marijuana businesses — Aurora and Thornton — are running into legal hot water.

Aurora is facing a lawsuit alleging that it didn’t follow its own rules for ranking pot shop applicants for the two dozen licenses it issued. Thornton, which has four available licenses for recreational…

CONTINUE READING: Click Here to Continue Reading Article …


Can Decriminalizing Marijuana Lead to Higher Wages? Study Says Yes.

(Flickr/neetalparekh)

IRVINE, CA — Reducing criminal penalties for marijuana offenses is associated with greater overall employment and higher wages, according to data compiled by economists at the University of California.

Researchers at the Economic Self-Sufficiency Research Policy Institute at the University of California at Irvine assessed the relationship between statewide marijuana decriminalization laws and labor outcomes.

Authors reported that decriminalization is…

CONTINUE READING: Click Here to Continue Reading Article…


El Paso County passes on medical marijuana testing businesses

A relatively new sector of the medical marijuana industry – labs that test the drug for potency and contaminants – will be welcome in Colorado Springs, but not in unincorporated El Paso County.

On Tuesday, the Board of County Commissioners voted unanimously to approve amendments to the county’s existing medical marijuana policy, including one that would prohibit testing facilities.

CONTINUE READING: Click Here to Continue Reading Article …


Colorado ends plans for pot clubs over Trump uncertainty

By KRISTEN WYATT

DENVER (AP) — Colorado lawmakers on Thursday backed off plans to become the first U.S. state to regulate marijuana clubs, saying approval of Amsterdam-style pot clubs could invite a federal crackdown.

It was perhaps the starkest display yet of legal pot states’ uncertainty on how to regulate the drug under President Donald Trump. Alaska marijuana regulators recently delayed planned rules for on-site pot consumption at dispensaries.

Colorado’s measure, which would have…

CONTINUE READING: Click Here to Continue Reading Article …


Denver officials scrutinizing out-of-state CBD products sold in local pot shops

Denver is clamping down on CBD products that originate outside of Colorado.

A bulletin issued Wednesday by Denver Environmental Health’s Public Health Inspections Division outlines a policy prohibiting out-of-state-made cannabidiol (CBD) products intended for human consumption.

“It has come to DEH’s attention that some CBD products originate from unregulated manufacturing facilities, have been illegally shipped across state lines, contain unapproved ingredients, or have been made in unsafe…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado cannabis sales top $126M in February 2017 amid federal uncertainty

In a month when the phrase “greater enforcement” was uttered by the Trump administration in relation to marijuana, Colorado’s cannabis sales continued their surge.

In February, licensed shops brought in nearly $126.1 million in sales, with more than $86.4 million in recreational revenue and $39.6 million in medical marijuana revenue. It’s the third-highest monthly sales total in Colorado’s recreational marijuana era, according to The Cannabist’s calculations of Colorado Department of Revenue…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado set to prohibit marijuana co-op growing operations

DENVER — Colorado was set Monday to outlaw marijuana growing co-ops soon after the state Senate unanimously approved a bill making it a crime to for people to cultivate recreational pot for other people.

The bill supported by the office Gov. John Hickenlooper passed 35-0 but it was unclear when he would sign it.

There are no state estimates on how many collective recreational marijuana growing operations exist in Colorado, though they are popular among users who share the cost of…

CONTINUE READING: Click Here to Continue Reading Article …


Cannabis companies flock to Canada as US laws keep them off stock exchange

When Hadley Ford created a company for investing in the fast-growing business of legal marijuana, the former Goldman Sachs Group Inc. investment banker left New York and headed north of the border.

While more than half of U.S. states allow marijuana for medical or recreational use, the drug is still outlawed by the federal government, starving pot entrepreneurs of institutional capital. Major stock exchanges won’t accept listings for businesses that Washington deems illegal, and banks and…

CONTINUE READING: Click Here to Continue Reading Article …


New federal bill would reschedule marijuana as Schedule III

The latest marijuana-centric bill before Congress would place cannabis as a Schedule III substance, a classification shared by Tylenol with codeine, ketamine and dronabinol.

Two Florida congressmen, Republican Rep. Matt Gaetz and Democratic Rep. Darren Soto, introduced legislation Thursday that would transfer marijuana to Schedule III of the Controlled Substances Act from its current standing as a Schedule I substance, the strictest of the classifications.

Read the complete story at The…

CONTINUE READING: Click Here to Continue Reading Article …


Summit County ganja-preneur wants to expand cannabis, food and wine tours beyond Colorado

Philip Wolf, the founder of Cultivating Spirits, speaking at a cannabis, food and wine event. Wolf found that different terpene strains in marijuana affect mood.

Courtesy Cultivating Spirits

Philip Wolf, the founder of Cultivating Spirits, speaking at a cannabis, food and wine event. Wolf found that different terpene strains in marijuana affect mood.

Now Wolf and his new business partner Branden Nadon want to expand the business into California and Nevada, which also has legalized recreational marijuana. They also want to expand into other Colorado locations.

Wolf’s idea to blend marijuana with a wine pairing experience came to him while he was…

CONTINUE READING: Click Here to Continue Reading Article …


Buzzkill for utilities’ high hopes of legal-weed power surge

By Christopher Martin, Bloomberg News

With local restrictions on marijuana easing across the U.S., power suppliers from California to Maine were expecting a little buzz of their own from newly legitimate pot farmers. After all, a 5,000-square-foot warehouse filled with hydroponic growing systems can draw five times the electricity of a typical industrial user.

But after an initial jolt in electricity use, when Western states began legalizing marijuana cultivation and sales, demand has fallen…

CONTINUE READING: Click Here to Continue Reading Article …


Denver council faces pushback against midnight closing time for marijuana shops

Some neighbors of marijuana shops and a group that advocates for tighter restrictions on legal cannabis have begun pushing back against a proposal that would extend Denver’s cutoff for sales to midnight.

During its meeting at 3 p.m. Monday, the Denver City Council’s special-issue marijuana committee is set to consider the proposal that would allow shops to extend their hours beyond the city’s current 7 p.m. mandatory closing time. Councilwoman Kendra Black, the panel’s chair, is…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado marijuana sales holding steady with $109 million in January 2017

By Alicia Wallace, The Cannabist Staff

Colorado marijuana shops kicked off 2017 by selling nearly $109 million in recreational and medical cannabis in January, marking a 23 percent increase from January 2016, the latest revenue data show.

The Cannabist’s calculations of state tax revenue data that dropped Thursday afternoon show that recreational marijuana sales in January 2017 totaled $77.9 million — up $21.4 million year-over-year — while the month’s medical marijuana sales were…

CONTINUE READING: Click Here to Continue Reading Article …


Midnight closing time for Denver marijuana shops? New council proposal floats idea

Denver may be ready to match some neighboring cities’ late-night closing times for marijuana stores.

A first-stab proposal set to be considered in a City Council committee Monday would extend the cutoff for sales from 7 p.m. to midnight. That’s the latest closing time that both Edgewater and Glendale allow for their pot shops.

Councilwoman Kendra Black says she is optimistic about the measure’s chances to get to the council floor, but it’s possible the members will settle on…

CONTINUE READING: Click Here to Continue Reading Article …


Nederland marijuana business ordered to stop peddling investments in medical, recreational pot businesses

State regulators have ordered a marijuana business owner from Nederland to stop soliciting investments in what they describe as unregistered securities for ventures in recreational and medical pot.

The Colorado Department of Regulatory Agencies says it has issued a cease and desist order for John W. Long Jr., of Nederland, along with his businesses, Green Farms Consulting and Green Farms Holdings.

“The presence of a new, popular and seemingly lucrative industry like marijuana can be very…

CONTINUE READING: Click Here to Continue Reading Article …


Jeff Sessions Won’t Rule Out Using Mafia Law to Go After Legal Marijuana

On conservative radio talker Hugh Hewitt’s program Thursday, Attorney General Jeff Sessions continued to bad mouth marijuana and suggested he might use laws enacted to go after the Mafia against the legal marijuana industry.

“I think it’s a more dangerous drug than a lot of people realize. I don’t think we’re going to be a better community if marijuana is sold in every corner grocery store,” the attorney general told Hewitt.

The conservative talker then helpfully…

CONTINUE READING: Click Here to Continue Reading Article…


Final available recreational pot license issued in Aurora

Aurora this week awarded the city’s 24th — and final — recreational pot license to The Green Solution after spending several weeks evaluating and scoring four candidate businesses.

The store will be located at 19370 E. Quincy Ave.

CONTINUE READING: Click Here to Continue Reading Article …


119-year-old global standards group wants to guide marijuana industry

A 119-year-old international organization that develops voluntary standards for items ranging from children’s toys to commercial spaceflight could soon do the same for cannabis operations.

ASTM International on Tuesday launched a volunteer committee on cannabis to discuss and develop standards in areas such as personnel training, cultivation and security, officials and committee members told The Cannabist. The committee was formed following an all-day meeting and vote of 60 stakeholders —…

CONTINUE READING: Click Here to Continue Reading Article …


Denver social marijuana advisory group works through details — but disagrees about alcohol

Denver city officials have brought together a disparate group to advise them on how to implement the city’s first-of-its-kind social marijuana use permit program. When the panel met this week, the gaps between competing interests were hard to miss.

Neighborhood advocates and others wary of open marijuana consumption pressed during a two-hour discussion Wednesday for concrete restrictions on a number of fronts for Initiative 300-authorized consumption areas. Businesses will be able to…

CONTINUE READING: Click Here to Continue Reading Article …


America’s marijuana industry headed for $24 billion by 2025, report says

The latest gaze into the crystal ball puts the U.S. marijuana industry north of $24 billion by 2025.

New Frontier Data, a cannabis market research and analytics firm, gave The Cannabist a first look at its 2017 annual report, which aims to track the long-term potential for the industry. The report acknowledges external factors such as federal rescheduling or a full-scale crackdown could shake up the near-term.

By mapping out state-by-state sales to $24.5 billion in 2025 and projecting that…

CONTINUE READING: Click Here to Continue Reading Article …


Hemp for cows? Colorado approves hemp-animal feed study

DENVER — Colorado livestock could be eating hemp under a bill that passed the state Senate Tuesday.

The state Senate voted 34-0 in favor of bill directing the Colorado Department of Agriculture to study the feasibility of allowing farmers to use hemp in animal feed. Currently the practice is forbidden.

Hemp is a non-intoxicating cousin of marijuana. The federal government started allowing farmers to grow hemp under limited circumstances in 2014.

The Washington state Legislature passed a…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado sold $1.3 billion worth of marijuana in 2016

It’s a billion-dollar business — and then some.

In 2016, Colorado’s dispensaries bagged $1.3 billion in recreational and medical cannabis sales, based on Colorado Department of Revenue tax data released Thursday.

To put the state’s third year of regulated recreational marijuana sales in perspective, Year One totaled $699.2 million (combined with medical sales) and Year Two jumped up to $996.2 million. The trend should continue in Year Four, but beyond that? It’s a murkier…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado puts new focus on worker safety in cannabis industry

For the first time, Colorado health officials have issued a set of guiding principles for marijuana businesses to address—occupational health and hazards.

Workers in the cannabis industry, including budtenders, extraction technicians, trimmers and cultivators, are key figures in a report released Tuesday by the Colorado Department of Public Health and Environment.

“Slips, trips and falls are hazards common to every industry, but the marijuana industry has special considerations,” Roberta…

CONTINUE READING: Click Here to Continue Reading Article …


How Congress is getting serious about cannabis amid White House uncertainty

There’s optimism brewing on Capitol Hill that Congress could maintain or even accelerate marijuana legalization’s momentum in the face of rising concerns that the industry could be snuffed out federally.

Members of a newly formed bipartisan “Cannabis Caucus” are preparing to introduce a slew of legislation — including resurrecting bills from sessions’ past — and aiming to develop a united front to further congressional action on cannabis. And weeks before the official launch of the caucus,…

CONTINUE READING: Click Here to Continue Reading Article …


Hundred-story food-growing tower is dream of weed entrepreneur

By Jennifer Kaplan, Bloomberg

According to Rick Byrd, the future of farming is tall, dirtless and local.

Byrd’s vision of skyscraper farms to feed city dwellers begins with a much different kind of crop: marijuana.

The 45-year-old is chief executive officer and founder of Pure Agrobusiness Inc., a company that sells equipment to grow legal cannabis, a market worth $6 billion in 2016 and expected to reach $50 billion by 2026, according to Cowen & Co.

Because cannabis has higher profit…

CONTINUE READING: Click Here to Continue Reading Article …


Pro talk: Colorado agriculture office shares pot knowledge

North Carolina wants to know if marijuana could one day replace tobacco as a cash crop. Louisiana is wondering how pot holds up in high humidity. And Washington state has questions about water supplies for weed.

Colorado agriculture officials this week briefed officials from about a dozen states — some that have legalized weed, others that joked their states will legalize pot “when hell freezes over” — to go over the basics of marijuana farming and swap stories about regulating a crop that…

CONTINUE READING: Click Here to Continue Reading Article …


Charitable cannabis companies find giving back isn’t as easy as you’d think

Tim Cullen ran into an unexpected obstacle recently when he decided it was time his cannabis business should—start donating money to nonprofit organizations.

“I have been shocked at how few places will take our money,” said Cullen, CEO of the Colorado Harvest Company chain of shops and a shareholder with O.penVape, a company that makes vape pens.

But—then Levitt Pavilion Denver came calling. O.penVape and Colorado Harvest Company together donated $250,000, becoming the largest private…

CONTINUE READING: Click Here to Continue Reading Article …


More Colorado businesses dropping pot from pre-employment drug tests

Marijuana testing by Colorado businesses has slowly declined over the past two years as 7 percent dropped the drug from pre-employment tests while 3 percent removed it from all drug tests.

The results of a December survey by the Mountain States Employers Council marks a shift from its 2014 survey — the year recreational consumption of pot became legal — when one in five employers reported implementing more stringent drug-testing policies. But this doesn’t necessarily mean businesses…

CONTINUE READING: Click Here to Continue Reading Article …


New weed sellers want you to swap chamomile for cannabis

By Jennifer Kaplan, Bloomberg News

Visit a dispensary in one of the 28 states that legally sell marijuana and you’re likely to find products with monikers like God’s Green Crack, Super Lemon Haze, or Skywalker. That’s all about to change as a new breed of “ganjapreneurs” swoop into the fledgling industry. In a classic consumer-marketing move, they’re getting rid of stoner slang and replacing it with supermarket-friendly names that purport to help customers live better.

Their…

CONTINUE READING: Click Here to Continue Reading Article …


Fewer travelers came to Colorado in 2016, tourism office blames waning interest in legal weed

Colorado’s workhorse “Come To Life” tourism advertising campaign lured fewer travelers in the spring and summer of 2016, but those visitors spent more.

Spending among out-of-state travelers who viewed the ads increased 4 percent, even though the number of Colorado-bound tourists fell 9.5 percent, according the Colorado Tourism Office’s latest research.

Researchers blamed waning interest among marijuana tourists — visitors who traveled to Colorado largely for the legal weed — for…

CONTINUE READING: Click Here to Continue Reading Article …


Bill makes it a crime to advertise marijuana sales without a license

The state Senate gave initial approval Monday to a measure designed to crack down on advertisements online for illicit marijuana sales.

The bill — Senate Bill 15 — would create a new criminal offense for a person to advertise the sale of marijuana without a retail license. As a level 2 drug misdemeanor, a person convicted would face up to one year in jail and a fine as high as $750.

Sen. Irene Aguilar, a Denver Democrat and the bill sponsor, told lawmakers that more than 690 ads for…

CONTINUE READING: Click Here to Continue Reading Article …


Fake bongs hit world of high-end glass pipes

By Terry Spencer, The Associated Press

FORT LAUDERDALE, Fla. — In the rarefied world of high-end bong makers, Roor glass water pipes have long been smoked to impress. The status symbols are so sought after that some models command prices of $1,000. There’s even a diamond-studded, gold-gilded Roor that goes for nearly $4,000.

Both marijuana and the tools used to smoke it remain illegal under federal law, but that hasn’t stopped Roor and its American licensee from using the federal…

CONTINUE READING: Click Here to Continue Reading Article …


Report: Consumers Spend $53 Billion On Marijuana In 2016

OAKLAND, CA — Cannabis consumers spent over $53 billion on marijuana-related purchases in 2016, according to a report released this week by Arcview Market Research. The total includes sales of cannabis in both legal and illegal markets.

In jurisdictions where marijuana is legally regulated, sales totaled an estimated $6.9 billion in 2016 – a 34 percent increase over 2015 totals. Authors estimate that legal sales will total nearly $22 billion nationwide by the year…

CONTINUE READING: Click Here to Continue Reading Article…


Denver starts work on allowing pot in yoga studios, coffee shops, art galleries and other public places

By Kristen Wyatt, The Associated Press

DENVER (AP) — Denver is starting work Wednesday on becoming the first city in the nation to allow marijuana clubs and public pot use in places such as coffee shops, yoga studios and art galleries.

Voters narrowly approved the “social use” measure last November. But the ballot proposal didn’t spell out many rules for how the marijuana could be consumed, beyond saying that the drug can’t be smoked inside and that patrons must be over 21.

A…

CONTINUE READING: Click Here to Continue Reading Article …


Boulder pot edible maker Americanna plans to move after forced annexation into city

General Manager Laura Raab laughs while weighing marijuana for a customer at Green Tree Medicinals on Tuesday in Boulder.

Jeremy Papasso, Staff Photographer

General Manager Laura Raab laughs while weighing marijuana for a customer at Green Tree Medicinals on Tuesday in Boulder.

A Boulder-based maker of marijuana-infused edibles is planning to leave the city after the forced annexation of his and several other properties raised regulatory costs by tens of thousands of dollars and created feelings of ill will between city staff and business owners.

Americanna owner Dan Anglin said he intends to move the company out…

CONTINUE READING: Click Here to Continue Reading Article …


Weed on Wall Street? Investment firm holds conference to those wanting a piece of the pot pie

Cowen & Co., the nearly century-old firm founded as a bond brokerage, is racing to become Wall Street’s leading provider of cannabis research, staking a claim to an industry generally forsaken by financial institutions.

Analysts at the New York-based company have assembled a trove of data on the burgeoning field of semi-legal marijuana. And on Thursday Cowen will host its first investor conference devoted to the controversial topic.

CONTINUE READING: Click Here to Continue Reading Article …


Colorado: Marijuana Sales Surpass $1 Billion in 2016

DENVER, CO — Retail sales of marijuana in Colorado totaled well over $1 billion in the first ten months of 2016 and are estimated to reach $1.3 billion by year’s end, according to data provided by the state’s Department of Revenue.

The sales totals are an increase over last year, when retailers sold $996,184,788 in marijuana-related products.

Cannabis sales in 2016 have yielded an estimated $151 million in tax revenue to date, $40 million of which will be directed…

CONTINUE READING: Click Here to Continue Reading Article…


Report: Legal Marijuana Industry Has Created 123,00 Full-Time Jobs

A woman examines cannabis products at a medical marijuana dispensary. (Sonya Yruel/Drug Policy Alliance)

SEATTLE, WA — The legal cannabis industry is responsible for the creation of an estimated 123,000 full-time jobs in the United States, according to data provided by the online content provider Leafly.com.

Authors analyzed state-by-state economic data to draw their extrapolations. They estimated some 58,000 full-time jobs in states where both the medical and social use…

CONTINUE READING: Click Here to Continue Reading Article…


Colorado marijuana sales top $106 million in November

Colorado marijuana shops tallied just over $106 million in sales this past November, putting the industry’s 2016 sales totals just shy of $1.2 billion — with returns from the typically bountiful month of December still to come.

Sales of marijuana and related products translated to $17.7 million in monthly taxes and fees to go toward school construction, drug prevention and other health programs, bringing the year-to-date revenue total for the 2016 calendar to $180.4 million,…

CONTINUE READING: Click Here to Continue Reading Article …


Denver officials start talks about allowing evening marijuana store hours, as neighboring cities do

Simply Pure sells marijuana out of a storefront along the Highland neighborhood’s bustling West 32nd Avenue, but its employees must shoo out medical and recreational customers before 7 p.m. — just as the nearby bars and restaurants hit prime time.

The store’s owner is part of a new industry push on the Denver City Council to extend the city’s hard stop on sales to later in the evening, a move that’s gaining traction.

Advocates point to late-night closing times in all…

CONTINUE READING: Click Here to Continue Reading Article …


Pot tax trouble: What legalized states need to know about sketchy predictions

Colorado’s cannabis industry is on pace to generate north of $213 million in state tax revenue by 2019, according to the Colorado Legislative Council’s latest economic and revenue forecast released this week.

By The Cannabist’s calculations, that amounts to nearly $1.7 billion in sales of flower, concentrates, edibles and other infused products in the recreational and medical marijuana markets.

But what’s in a number?

This fledgling industry is laden with projections, estimates…

CONTINUE READING: Click Here to Continue Reading Article …


New DEA rule on marijuana extracts, CBD causes commotion in cannabis industry

A little three-page document published this week in the U.S. Federal Register sent some fairly big shock waves through the cannabis industry.

The U.S. Drug Enforcement Administration filed a final rule notice to establish a Controlled Substances Code Number for “marihuana extract,” and subsequently maintaining marijuana, hemp and their derivatives as Schedule I substances. According to the notice:

This code number will allow DEA and DEA-registered entities to track quantities of this…

CONTINUE READING: Click Here to Continue Reading Article …


“Invalid” Adams County special marijuana tax collected $1.36 million that could have to be returned

Adams County has collected more than $1.36 million through a 3 percent tax on recreational marijuana sales that the Colorado Court of Appeals found to be invalid.

The voter-approved tax generated $293,875 in the last six months of 2015 and $1,070,557 so far this year that may have to be refunded.

The Colorado Court of Appeals ruled Thursday that the tax is invalid, reversing a lower court decision and siding with the cities of Northglenn, Aurora and Commerce City, which sued over the…

CONTINUE READING: Click Here to Continue Reading Article …


Adams County may have to return $500K in marijuana taxes collected to fund scholarships

Adams County has been improperly collecting a 3 percent sales tax on recreational marijuana since July 2015, the Colorado Court of Appeals ruled Thursday, and may have to refund hundreds of thousands of dollars.

The court found the voter-approved special pot sales tax is invalid, reversing a lower court decision and siding with the cities of Northglenn, Aurora and Commerce City, which sued over the tariff.

“We hold that Adams County does not have either constitutional or statutory…

CONTINUE READING: Click Here to Continue Reading Article …


Colorado marijuana shops sold more than $1 billion of cannabis in first 10 months of 2016

By Ricardo Baca, The Cannabist Staff

In the first 10 months of 2016, Colorado marijuana shops reached a significant milestone they had barely missed in all of 2015: $1 billion in legal, regulated cannabis sales.

Recreational and medical cannabis shops in America’s first 420-legal state have sold nearly $1.1 billion of marijuana and related products in 2016, according to the new October data from the state’s Department of Revenue.

CONTINUE READING: Click Here to Continue Reading Article …


Colorado lawmakers plan crackdown on home pot growers

By Kristen Wyatt, The Associated Press

Hoping to preserve its marijuana law under the next president, Colorado is planning a slate of legislation designed to crack down on pot that is grown legally but then sold on the black market.

The goal is to cut down on complaints that Colorado’s liberal allowances for growing pot without a license has created a thriving network of illegal growers. Colorado allows medical pot patients to grow up to 99 plants, far beyond other marijuana states,…

CONTINUE READING: Click Here to Continue Reading Article …


Pennsylvania Department of Health Wants Public Input on Medical Marijuana Application Process

Pennsylvania flag flying

HARRISBURG, PA — Pennsylvania Secretary of Health Dr. Karen Murphy today encouraged individuals interested in applying for a medical marijuana grower/processor and/or dispensary permit to complete a brief survey on the department’s website.

“One of our primary focuses as we continue to develop this program is to make sure that patients with serious medical conditions have access to facilities to obtain medical marijuana.” said Secretary Murphy. “As we…

CONTINUE READING: Click Here to Continue Reading Article…


Can my employer fire me for legally using marijuana?

By Bob Salsberg, The Associated Press

BOSTON — Changing marijuana laws aren’t necessarily making weed more welcome in the workplace.

For now, many employers appear to be sticking with their drug testing and personal conduct policies, even in states where recreational marijuana use is now permitted. Others are keeping a close eye on the still evolving legal, regulatory and political environment.

Voters in California, Massachusetts, Maine and Nevada voted Nov. 8 to approve the use of…

CONTINUE READING: Click Here to Continue Reading Article …


How soon could Denver businesses open the first social marijuana use areas? It’s still not clear.

For Mutiny Information Cafe on Denver’s South Broadway strip, the city’s recently passed social marijuana use voter initiative could allow for once-a-month Saturday night gatherings that mix vaping, edibles and dancing.

Other businesses are considering the possibilities opened up by the successful ballot measure, ranging from one-off events to allowing pot consumption areas on-site daily. The owner of a yoga and spinning studio on East Colfax is mulling the idea of occasional…

CONTINUE READING: Click Here to Continue Reading Article …


Is legal pot flattening beer sales?

This bud’s a potential downer for beer.

A research note published this week from Cowen & Company financial analysts suggests that beer volume sales in the legal recreational cannabis states of Colorado, Oregon and Washington are underperforming the overall U.S. beer market by 2.6 percentage points year-to-date.

“In adult-use cannabis markets, there are clear signs that cannabis is weighing on beer category trends,” Cowen analyst Vivien Azer wrote in the report. She also noted:…

CONTINUE READING: Click Here to Continue Reading Article …