Colorado lawmakers pass bill adding PTSD to MMJ conditions list

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The Colorado Legislature has approved a bill that would add post-traumatic stress disorder to its list of medical ailments that qualify patients for medical marijuana, a move that could provide a shot in the arm to the state’s MMJ industry.

The state Senate signed off on the measure Tuesday, and the bill now heads to Gov. John Hickenlooper, who has not yet indicated if he will sign it into law.


MJBizConIf Hickenlooper does sign it, the move could result in a boost in the state’s MMJ patient…

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Cannabis banking still unpredictable: Q&A with Colorado Bank Commissioner Chris Myklebust

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By John Schroyer

Colorado State Bank Commissioner Chris Myklebust flew to Washington DC in March to meet with a group of state bank regulators.

He also met with U.S. Sen. Cory Gardner, a Colorado Republican, and a staffer for U.S. Rep. Ed Perlmutter, a Colorado Democrat. He brought up cannabis banking, and was encouraged.

Marijuana Business Daily spoke with Myklebust after he returned to Colorado to see what he learned from his trip.

Myklebust estimated that only about five or six financial…

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Colorado lawmakers abandon plans to regulate cannabis clubs

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Colorado lawmakers backed off plans to regulate marijuana clubs, saying the state would invite a federal crackdown by approving Amsterdam-style cannabis clubs.

The state House voted Thursday to amend a bill that would have set rules for how private marijuana clubs could work.

It was a dramatic reversal. Bring-your-own-MJ clubs had bipartisan support in the Colorado Legislature, and the measure had cleared the GOP Senate.

But lawmakers bowed to Democratic Gov. John Hickenlooper, who warned…

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Three cannabis companies raise over $7 million

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It’s money week in the cannabis industry: Three Colorado-based ancillary marijuana companies announced multimillion-dollar capital raises totaling $7.35 million.

BDS Analytics on Monday revealed it had successfully completed a $2.1 million round of fundraising from investors, BizWest reported. The capital influx will be spent on expanding the data analytics firm’s sales and marketing departments.


Mirth ProvisionsOn Tuesday, Wurk – a tech company offering a platform that helps cannabis companies…

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Colorado cannabis cultivation curbs may benefit legal MJ firms

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Colorado lawmakers have passed two measures they believe will curb illicit marijuana cultivation and potentially send more consumers to legal cannabis retailers.

The state Senate unanimously passed a bill Monday prohibiting people in co-ops from growing recreational cannabis for others, the Associated Press reported. The House already had passed the legislation.

The bill now goes to Gov. John Hickenlooper. The governor supports the measure, according to the news service, but it’s unclear…

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Report: DOJ gathering intel on state marijuana cases

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The Department of Justice is apparently gathering information from at least the Colorado attorney general’s office regarding criminal marijuana investigations.

A records request filed with the DOJ by the International Business Times yielded an email from a Drug Enforcement Administration official to Michael Melito, a lawyer with the Colorado attorney general’s office, in which the DEA agent requested information about specific Colorado cannabis cases.


Mirth Provisions“Some of our intel people are…

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Colorado bill would let growers reclassify rec marijuana to medical

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The Trump administration has been so ambiguous about its intentions regarding recreational cannabis that the Colorado Legislature is considering a bill to allow growers to reclassify their inventory as medical marijuana in the event of a federal crackdown.

Though the measure has yet to receive a full vote in either the state House or Senate, it has passed one Senate committee with bipartisan support, the Associated Press reported, an indication that politicians of both stripes have no desire to see Trump gut the adult-use cannabis industry.

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Court-appointed receivers an option for troubled marijuana companies

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By John Schroyer

Say your cannabis company is in trouble because you chose the wrong business partner. You want to force that partner out. So you find a lawyer, file suit, have all your ducks in a row, and things are looking good.

Then you hit a snag: Who will run the day-to-day business operations while you and your partner duke it out in court over who gets what in terms of company assets?

The answer for at least four marijuana-related companies has been a court-appointed receiver. And it’s an…

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Cannabis public use measures could spur MJ sales, businesses

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By Bart Schaneman

From Alaska to Massachusetts, a number of states are weighing measures to allow people to consume cannabis in public places such as clubs and other venues.

Legalizing cannabis clubs and other venues for public consumption could spur MJ sales and create new business opportunities, said industry officials.

In particular, the move could lead to increased sales of marijuana flower. And it could give marijuana retailers an opportunity to add ancillary businesses – such as a coffee shop…

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Cannabis grow-equipment company completes $1M-plus raise

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Another Denver-based company connected to the marijuana trade revealed this week it has completed a $1.65 million round of fundraising.

GrowGeneration Corp., an ancillary business that specializes in gardening supplies for commercial and home grows, told the Denver Business Journal it secured the funds in equity financing from Merida Capital Partners, “a cannabis infrastructure fund.”


Spring 2017 MJBizConGrowGeneration is the second Denver-based firm this week to announce a capital raise of over $1 million. Baker, a cannabis software business, raised $1.6…

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Denver may allow marijuana shops to stay open later

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The Denver City Council may roll back the mandatory closing time for cannabis retailers from 7 p.m. to either 10 p.m. or perhaps midnight under a proposal being considered by a special committee.

But don’t expect an imminent decision. The issue will remain unresolved for at least a few more weeks, as the council solicits additional public input.

Mandated closing times for Denver marijuana shops makes them less competitive than many other retailers that are technically located in other…

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Colorado Senate OKs cannabis clubs; governor threatens veto

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The Colorado Senate approved a bill Thursday that would allow bring-your-own marijuana clubs in the state, a move that would be a first for the nation.

According to the Associated Press, local jurisdictions would be allowed to permit cannabis clubs, provided the establishments don’t sell alcohol or food beyond light snacks.


Spring 2017 MJBizCon However, Colorado Gov. John Hickenlooper has threatened to veto the bill if it doesn’t ban indoor smoking of marijuana.

“Smoking is bad for you,” Hickenlooper…

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Colorado AG invites Sessions to check out rec MJ industry

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Colorado’s top law enforcement official extended an invitation to U.S. Attorney General Jeff Sessions to take a tour of the state’s recreational marijuana industry.

Colorado Attorney General Cynthia Coffman made the invitation Wednesday morning during a meeting with top Justice Department staff, the Denver Post reported.


Spring 2017 MJBizConShe told them “it was important to come to the states that have legalized marijuana – particularly Colorado since we have the longest history – and to see what we have done,” according to the Post. “They…

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White House’s words won’t deter rec marijuana states

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By John Schroyer

Despite ominous overtones from the White House, the eight states that have legalized recreational cannabis are proceeding full-bore, whether it’s with existing infrastructures or plans to establish new markets.

Governors and attorneys general responded in unison: They’ll honor voters’ wishes, and conduct business as usual while awaiting specific policies.

The cannabis industry’s future was called into question Thursday when President Donald Trump’s press secretary, Sean Spicer, said “greater enforcement” could…

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Denver MJ business owner picked for local chamber of commerce

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Jake Salazar, the founder and CEO of Colorado cannabis retail chain MMJ America, has been appointed to the board of directors of the Hispanic Chamber of Commerce of Metro Denver.

Salazar, who is of Mexican heritage, said he is “honored” to be working alongside other Hispanic business executives at the chamber and that he’ll be focusing on “fundraising and public policy” in his new role.


Spring 2017 MJBizConSalazar’s appointment is yet another sign of the growing mainstream acceptance of the cannabis trade, given that he’ll be working with other

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Rural Colorado town to get state’s first marijuana drive-thru

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The tiny western Colorado town of Parachute is getting what is believed to be the state’s first marijuana retailer with a drive-thru window, a move that could attract on-the-go cannabis customers who don’t want to get out of their car.

Tumbleweed Express, as the planned drive-thru will be known, received a business license last year but didn’t open. The Parachute Board of Trustees approved Tumbleweed’s annual license renewal Thursday, the Glenwood Springs Post Independent reported.


Spring 2017 MJBizConThe drive-thru is expected to open for business in…

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Colorado infused products licenses skyrocket as MJ companies diversify

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By John Schroyer

The number of licensed infused cannabis product manufacturers in Colorado has exploded in recent years, according to state records.

The surge reflects factors including Colorado’s lack of business license caps, a resulting oversupply of marijuana, and companies diversifying to boost their margins in one of the nation’s most competitive cannabis markets.

The statistics tell the story of businesses, including retailers and cultivators, branching into a new area of business to stay competitive. It’s also cheaper for these…

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Colorado marijuana sales hit $1.3B in 2016, up 30% from year earlier

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Colorado’s marijuana dispensaries and recreational stores sold $1.3 billion in products last year, up 30% from 2015 and nearly double the total in 2014 when adult-use sales began.


Spring 2017 MJBizConAccording to state data, last year’s sales total is up from $996.2 million in 2015 and nearly $700 million in 2014. Colorado averaged more than $100 million in sales per month last year, the Denver Post reported. Summer was particularly strong, with combined sales totaling $376.6 million in July, August and September, according to the newspaper.

But it wasn’t…

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Week in Review: Contaminated medical cannabis, CO workplace safety & Ohio’s tech search

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By John Schroyer, Omar Sacirbey and Bart Schaneman

Tainted medical cannabis is suspected in a California cancer patient’s death, Colorado creates a workplace-safety guide, and Ohio is in the market for a seed-to-sale tracking system.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

More liability lawsuits?

The potential for costly lawsuits over defective – and possibly dangerous – products remains an overlooked legal aspect for businesses in the growing cannabis industry.

That threat…

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Colorado issues safety guidelines for marijuana businesses

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Cannabis businesses in Colorado now have guidance on how to create and maintain a safe workplace.

The Colorado Department of Public Health and Environment (CDPHE) has issued an 80-page report intended to help marijuana businesses identify health and safety hazards that could exist in their workplaces and “provide a starting point for the assessment and evaluation of occupational health hazards.”


Spring 2017 MJBizConAssembled by the Colorado Marijuana Occupational Health and Safety Work Group, the guide focuses on the safety of jobs ranging from extraction…

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Colorado marijuana retail chain gets $7.5M loan for expansion

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One of Colorado’s biggest cannabis retail chains wants to get even larger: The Green Solution, which has 13 locations across the state, revealed Tuesday it has secured a $7.5 million loan from iAnthus Capital Holdings, a cannabis-focused Canadian financing company.

The loan “will allow us to add multiple licenses and stores for the Colorado market in 2017,” The Green Solution’s co-CEO, Kyle Speidell, said in a news release. The company plans to open at least five more retail locations this year in Colorado, according to the release.


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District attorneys form cannabis policy group

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A group of 14 district attorneys from across the country have banded together to figure out policy positions on marijuana.

The initial report about the subset of the National District Attorneys Association indicated its recommendations may be taken into account by the new Trump administration, which could potentially signal that a firm stance on cannabis may be emerging sooner rather than later from the new president.

But an NDAA statement to Marijuana Business Daily on Tuesday was unclear on whether the reach of the group’s policy would…

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Denver MJ company recalls products for possible pesticides

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A Denver marijuana company is voluntarily recalling marijuana and cannabis-infused products after samples showed they could contain residual levels of illegal pesticides, becoming the latest local company having to take such action.

The city’s environmental health department is probing whether Green Man Cannabis’ products were exposed to unsafe pesticides, according to the news outlet Denverite.

The company is both a grower and seller of recreational and medical marijuana, operating two stores.


Trump ReportIt isn’t clear whether the recall…

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Colorado cannabis sales in 2016 already exceed $1 billion

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In a significant milestone for the cannabis industry, Colorado’s combined recreational and medical marijuana sales hit $1.1 billion in the first 10 months of 2016.

That total eclipsed Colorado’s combined cannabis sales in 2015 of just over $996 million, according to The Cannabist. Colorado is now the first state with medical and recreational program to officially top the $1 billion mark in a calendar year, underscoring the growth in the marijuana industry.


Marijuana Business License DirectoryAt the current pace, marijuana sales in Colorado could hit more than $1.3 billion…

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Colorado’s marijuana czar warns of possible Trump enforcement

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Colorado’s top marijuana regulator is sounding the alarm bells that President-elect Donald Trump’s administration could crack down on the state’s cannabis industry, warning such a move could throw thousands out of work and shutter many businesses.

“I think there’s very good reason to be concerned,” Andrew Freedman, Colorado’s director of marijuana coordination, told the Denver CBS affiliate. “It could become an enforcement priority overnight.”

It would be impossible to make adult-use marijuana illegal in Colorado because…

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CO’s planned crackdown on home growers could benefit legal market

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Colorado’s planned legislative crackdown on legal cannabis home growers who sell their product into the black market could push more consumers to buy product from licensed marijuana stores.

As President-elect Donald Trump continues to nominate people for his cabinet who are anti-cannabis, Colorado appears to be trying to preserve its legal marijuana industry, the Associated Press reported.


Marijuana Business License DirectoryGov. John Hickenlooper says the state’s hefty cannabis allocations for home growers make it difficult for police to determine who is legal and…

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Report: Colorado poised to top 3,000 MJ business licenses in 2017

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Colorado will surpass 3,000 marijuana business licenses by the middle of next year, a report from a University of Denver business professor predicts.

As of Dec. 1, there were 2,913 active licenses in the Centennial State, according to Paul Seaborn, an assistant professor at DU’s Daniels College of Business. That’s a long way from the 1,708 licenses that existed in 2014, when adult-use marijuana was legalized in the state.

Seaborn pointed out in a news release “the state has experienced a 70% increase in licenses in just under two…

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Denver’s public-use MJ initiative poised to pass by narrow margin

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Denver’s vote to allow cannabis consumption in public businesses, including bars and restaurants, appears poised for passage, overcoming initial predictions that the initiative faced an uphill battle.

As of 4 p.m. Eastern Time Thursday, Initiative 300 had received 51% of the approximately 223,000 votes that had been counted. A representative of the Denver County Clerk’s office said the the vote tally was still being finalized, and the election results won’t be certified until later this month, on Nov. 22.


Conference Deadline ApproachingThe yes vote would make the…

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Colorado county’s vote to maintain recreational marijuana industry stalls anti-MJ efforts

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16743675 - close-up map of pueblo, colorado

By Bart Schaneman

This week’s defeat by voters of a proposed ban on recreational marijuana businesses in Pueblo County, Colorado, forestalled a possible domino effect that could have unleashed major fallout for the state’s cannabis industry.

The lopsided vote also represents a strong show of support for recreational cannabis businesses four years after Colorado legalized adult-use marijauna, indicating that many residents feel the benefits of the industry outweigh any negatives.

Pueblo’s cannabis industry, located in southern Colorado,…

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Election Updates: Live coverage of marijuana measures across the country

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2016 cannabis elections

Marijuana Business Daily is providing live updates on cannabis ballot measures and related news (all updates in Eastern time).

2:30 a.m. Wednesday (Arizona, Maine, Montana): Three states with marijuana initiatives still hang in the balance, with Arizona’s rec measure on the ropes, Montana’s initiative well ahead and Maine’s adult-use measure a coin flip.

Here are the latest results from those three states:

Arizona: 48% “Yes,” with 82% of the votes reported

Montana: 56% “Yes,” with 63% of the votes reported

Maine: 50.5% “Yes,”…

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Helix TCS becomes largest single shareholder in MJ software firm

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Colorado-based Helix TCS, which has been expanding its holdings in the marijuana trade, announced Monday it has become the largest shareholder in Florida-based BioTrackTHC, a longtime manufacturer and supplier of seed-to-sale cannabis tracking software.

Specific terms of the deal were not disclosed.

Helix and its capital partner, Rose Capital Advisors of Miami Beach, agreed to purchase the shares from BioTrackTHC founders Steven Siegel and Brian McClintock for a combination of cash and stock, making Helix and Rose the largest BioTrackTHC…

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Denver’s marijuana policy office merges with licensing agency

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Denver’s Office of Marijuana Policy will be folded into the Department of Excise and Licenses and both will operate under the direction of a newly promoted boss starting Monday.

Denver Mayor Michael Hancock said Stacie Loucks is stepping down as director of excise and licenses, effective Friday, and Ashley Kilroy, the city’s marijuana policy adviser, will head both departments, according to the Denver Business Journal.


Conference Deadline ApproachingHancock praised Kilroy’s experience and said the department – which licenses a variety of business – will remain…

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CBD-infused beer gets go-ahead for national distribution

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Shipping across state lines? No problem, as long as you leave THC out of the equation.

A Colorado-based beer maker that produces CBD-infused brews has received the green light from the federal government to distribute its product line nationwide, according to U.S. News and World Report.

Dad and Dude’s Breweria, which is based in an eastern Denver suburb, told the news outlet that it has received permission from the Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau, which oversees interstate beer sales. The agency still must…

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Colorado cannabis sales still soaring

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Marijuana sales in Colorado continue to reach new highs, fueled by increasing demand for recreational cannabis.

Sales of medical and adult-use marijuana hit $846 million during the first eight months of 2016, up 33% from the same period last year, according to calculations by Marijuana Business Daily based on the latest state tax data.


Conference Deadline ApproachingDispensaries and rec shops reported $126 million in cannabis sales in August alone – a new record for the state’s marijuana industry. Recreational cannabis accounted for nearly $85 million of the total,…

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Potential rec marijuana ban in Colorado county could create havoc for state’s MJ industry

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16743675 - close-up map of pueblo, colorado

By Bart Schaneman

Residents of Pueblo County, Colorado, will vote next month on whether to ban the county’s existing recreational marijuana industry, a decision that could have economic ramifications for the entire state.

The state would lose a major marijuana supply source for rec cannabis if Ballot Question 200 passes Nov. 8, industry officials say.

It could also eliminate more than a thousand jobs in Pueblo County, they warn, and cost the southern Colorado county millions of dollars in revenue.

According to Mark Slaugh, executive…

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MassRoots receives $1.1 million in new funding

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Cannabis-centric social media site MassRoots received $1.1 million in funding on Friday, mostly from new investors, and disclosed it slashed the salaries of its top executives to cut costs.

MassRoots’ founder and CEO, Isaac Dietrich, led the latest funding round, with former MyPoints.com CEO Steve Markowitz also among the contributors. The announcement came as the company closed on $3.2 million in equity financing under an offering that was launched in August.

Dietrich said in a news release he expects the funds to make the Denver company…

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MassRoots pays off March debt of nearly $1M

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MassRoots, the publicly traded cannabis-centric social media site, said Friday it has repaid its creditors after disclosing last month it had missed nearly $1 million in payments that were due to holders of its convertible notes.

“We’re excited to have this debt fully repaid and behind us. We expect MassRoots will be cash-flow positive on a monthly basis by the end of the year,” MassRoots CEO Isaac Dietrich said in a news release filed with the Securities and Exchange Commission.


License Directory SidebarThe Denver company said last month it had missed some…

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Denver marijuana packaging firm files for bankruptcy

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High Supply, a Denver producer of child-resistant containers for marijuana products, has filed for bankruptcy protection, claiming the company’s “severe financial stress” was caused by “theft and corporate espionage by former employees.”

High Supply CEO Paul Lufkin is also suing a former co-owner and several formal employees, asserting they tried to launch another marijuana packaging firm in violation of a non-compete agreement, according to BusinessDen.com.


License Directory SidebarThe case is the latest example of what is a growing trend: cannabis…

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Developer may boost stake in Colorado marijuana chain

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A longtime Vail developer with years of experience in the marijuana trade is poised to strengthen his ownership stake in Native Roots, one of Colorado’s largest cannabis retail chains.

Businessman Peter Knobel will boost his stake in Native Roots from 50% to 67%, pending state approval of the deal, according to the Aspen Times. The deal was recently approved by local officials in Aspen.

Native Roots operates 17 medical and recreational storefronts in Colorado, including one in Aspen that does business as RJJ Aspen.


License Directory SidebarIf the deal is approved…

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New CO Edibles Rules: Major Cost for Producers, ‘Blip on the Radar’ for Others

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THC Labeling Chocolate_Image2 LR

By John Schroyer

New labeling rules that take effect Oct. 1 for marijuana edibles produced in Colorado have been a huge expense for many infused products manufacturers – and may cause headaches for retailers, too.

Edibles companies have spent upwards of six figures to retool manufacturing equipment, retrain employees and pay for new packaging. 

Retailers, meanwhile, could be left with unsold inventory that doesn’t meet the new standards, which apply to both recreational and medical products.

Any unsold inventory could prove a boon for…

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Cannabis Pod Company Execs Face Fraud Charges

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The U.S. Attorney’s Office for Colorado has charged two men who ran a Denver-area company that transformed shipping containers into growing pods for food and cannabis with securities fraud, mail fraud and wire fraud.

William Sears, 50, and Scott Dittman, 47, were also barred from securities trading,  the Denver Business Journal reported. Their company is named FusionPharm Inc.

MJBizCrashCourseFederal authorities allege that Sears and Dittman hid their stock ownership in the business from securities regulators. Sears was also charged with filing a false…

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Cannabis Infrastructure Firm Raises $4M for Greenhouse Facility

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A Denver-based cannabis infrastructure and logistics firm has raised $4 million of a targeted $7 million to build its second greenhouse as well as an extraction facility and warehouse in southern Colorado, in Pueblo County.

GrowCo already operates one greenhouse at its 160-acre site in Pueblo County. Earlier this month it applied for a new round of debt security funding in a filing with the Securities and Exchange Commission, according to BusinessDen.com. The first greenhouse site also has an extraction facility and warehouse.

CEO Wayne…

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Prominent Travel Writer: ‘Get Ready’ for Age of MJ Tourism

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One of the most well-known travel writers in the world, Arthur Frommer, predicted recently that cannabis tourism is going to become big business after the November election, when up to five more states could legalize recreational use.

If accurate, marijuana tourism would present additional opportunities for entrepreneurs looking to capitalize on the legalization of marijuana.

“The prospects seem strong that marijuana is now about to be added to beer and wine as a permissible product to order,” Frommer wrote in a column last week, the…

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Denver MJ Social Use Initiative Makes Ballot

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A campaign to allow businesses such as bars to permit public cannabis use on their property has officially made the November ballot in Colorado’s capital city.

The initiative, dubbed the Neighborhood-Supported Cannabis Consumption Pilot Program, has the support so far of at least 50 businesses in the city, the Denver Post reported.

If approved by voters, it would allow businesses to establish marijuana consumption areas on their premises, as long as the companies meet certain criteria, such as obtaining support from a “neighborhood…

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Marijuana Lounge Initiative Fails to Make Denver Ballot

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A movement to legalize cannabis clubs in Denver has failed to make the November ballot, but a second ballot initiative to allow marijuana use in some bars and other businesses could still be placed before voters.

The Denver chapter of NORML failed to make the ballot with its pro-marijuana lounge initiative, having turned in just 2,987 valid signatures when the requirement was 4,726, the Denver Post reported. The organization submitted more than 7,500 signatures.

MJBizCrashCourseThe second measure, dubbed the Neighborhood-Supported Cannabis Consumption…

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Landing a Bank Account: Q&A With Sundie Seefried of Partners Colorado Credit Union

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Sundie Seefried Cropped

By Omar Sacirbey

Sundie Seefried was ready to retire as CEO of a Colorado credit union when some lawyer friends asked why she couldn’t bank their marijuana business clients.

Good question, she thought. Seefried met with bankers, lawyers and cannabis business owners. What she learned scared her out of retiring.

Bankers, in short, were telling MJ companies to break the law, Seefried said, inspiring her to postpone retirement and work with cannabis businesses.

Seefried, CEO of Partner Colorado Credit Union, launched her…

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Canna-Centric Software Company Nets $1.6 Million in Seed Funding

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Baker, a Denver-based customer-engagement software company for marijuana dispensaries and edibles brands, announced on Friday it has landed $1.6 million in seed funding.

The funding round was led by Michael Lazerow, founder of Golf.com and Buddy Media, a social marketing software company purchased by another customer-relationship management business, Salesforce, for $800 million.

Other investors include the startup accelerator 500 Startups, Base Ventures, XG Ventures, Poseidon Asset Management, and other venture capital and angel investors,…

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Pioneering Denver MJ Business Sold to Willie’s Reserve Processor

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The owners of a pioneering recreational and medical cannabis business, Denver Relief, announced the sale today of their cultivation and infused products facilities to CMH Brands, a Colorado company tapped by Willie’s Reserve to process its marijuana products.

The sale comes two weeks after Denver Relief, founded in 2009, sold its retail store to Colorado-based Terrapin Care Station, another venerable retailer which already has two recreational storefronts in Aurora and a combined recreational-medical operation in Boulder.

Denver Relief…

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CO Online Wholesaler Partnering With Cannabis Software Firms

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Colorado-based online wholesale platform Cannabase has entered into an exclusive partnerships with seed-to-sale tracking software companies MJ Freeway and BioTrackTHC.

The partnership, announced by the companies, will bring new weight to Cannabase’s pricing and inventory information, given that it will now be backed by MJ Freeway’s and BioTrackTHC’s data. In a news release, Cannabase said the arrangement would provide:

  • Streamlined buying and selling transactions to deliver real-time instantaneous execution and real settlement
  • Improved…

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One of Denver’s Oldest Cannabis Shops Sold

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The founders of one of Denver’s oldest cannabis retailers have sold their business to a growing Boulder cannabis chain.

Denver Relief, which launched in 2009 as a medical marijuana dispensary before transitioning to the recreational market as well, has been sold to Terrapin Care Station for an undisclosed sum, according to a press release issued by the companies.

Denver Relief founders Ean Seeb and Kayvan Khalatbari said they plan to continue working in the cannabis industry via their consulting firm, Denver Relief Consulting, and with…

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