Business
2020 is already the highest-selling year for weed in Colorado
Colorado dispensaries sold more marijuana in the first 10 months of 2020 than they did during a record-setting sales year in 2019. October sales totaled more than $199.7 million in October, pushing the state’s annual revenue to more than $1.8 billion, according to the Department of Revenue. By comparison, sales totaled about $1.75 billion in 2019, making this the highest selling year since recreational weed hit the market in 2014. Sales were poised to crush the record following several lucrative summer months, despite the ongoing coronavirus pandemic. Colorado hit an all-time monthly high in July with $226 million in sales. That was also the first time monthly totals surpassed $200 million. Read the rest of this story on DenverPost.com.
Aurora says yes to recreational pot delivery in Colorado’s third-largest city
Aurora’s nearly 400,000 residents — at least the ones 21 or older — may be able to tap on a phone screen and order up pot gummies and marijuana flower for delivery to their doorstep as soon as early next year. The Aurora City Council on Monday night gave preliminary approval, by an 8-2 vote, to cannabis delivery in Colorado’s third-largest city. The ordinance will need a second vote in two weeks, and if it passes, deliveries of marijuana could begin in early 2021. That would likely make Aurora one of the first cities in the state where consumers can place an order for recreational weed from their couch and wait for it to arrive in the comfort of their homes. Read the rest of this story on DenverPost.com.
Marijuana delivery and cannabis “bars” gain traction in Denver
Next year, Denverites may be able to have marijuana delivered to their homes if the city council adopts a new proposal to regulate delivery services. On Monday, the Division of Excise and Licenses unveiled drafts of three bills intended to overhaul the local industry and enable more people of color to cash in on a still-booming industry. One, the Ominbus Bill, outlines the framework to launch marijuana delivery within city limits. The other two set the stage for Denver’s hospitality program, which would allow for the opening of businesses where enthusiasts could publicly smoke, eat, vape or otherwise consume cannabis. One of the bills also removes the cap on how many dispensaries and cultivations may be established in the city, opening up the possibility for new locations for the first tim...
House votes to decriminalize marijuana at federal level
Published: Dec 4, 2020, 12:57 pm • Updated: Dec 4, 2020, 12:57 pm By Associated Press By MATTHEW DALY WASHINGTON (AP) — The Democratic-controlled House on Friday approved a bill to decriminalize and tax marijuana at the federal level, reversing what supporters called a failed policy of criminalization of pot use and taking steps to address racial disparities in enforcement of federal drug laws. Opponents, mostly Republicans, called the bill a hollow political gesture and mocked Democrats for bringing it up at a time when thousands of Americans are dying from the coronavirus pandemic. Read the rest of this story on BostonHerald.com.
Ticker: Biden has no immediate plans to lift china tariffs; San Francisco bans smoking inside apartments, pot smoking OK
Published: Dec 2, 2020, 3:53 pm • Updated: Dec 2, 2020, 3:53 pm By Boston Herald Wire Services President-elect Joe Biden says he won’t immediately lift tariffs placed by President Trump on many imports from China or break Trump’s initial trade deal. Biden says he wants to maximize his leverage in future talks with the United States’ geopolitical rival. Speaking to The New York Times columnist Thomas Friedman, Biden said, “I’m not going to make any immediate moves, and the same applies to the tariffs.” Biden said in a column published Wednesday: “I’m not going to prejudice my options.” Read the rest of this story on BostonHerald.com.
Pot delivery in Massachusetts offers wiggle room for owners, community
Published: Dec 1, 2020, 6:51 am • Updated: Dec 1, 2020, 6:52 am By Boston Herald Editorial Staff When selling marijuana became a legitimate business in Massachusetts, it was seen as a welcome opportunity for entrepreneurs. But any industry needs to innovate and adapt if wants to grow, and the marijuana enterprise is no different. On Monday, the Cannabis Control Commission gave the high sign to new regulations that will allow for home delivery businesses. Read the rest of this story on BostonHerald.com.
Massachusetts cannabis retailers vow to fight marijuana delivery regulations poised for passage Monday
Massachusetts cannabis retailers have vowed a fight over controversial new marijuana delivery rules that regulators are expected to pass on Monday, which prioritize minority applicants and would enable courier companies to buy and sell marijuana wholesale without a brick-and-mortar business. “We’re not holding breath — it’s a done deal. Tomorrow is a mere formality at this point,” said David Torrisi, president of the Commonwealth Dispensary Association. “But we’ll be looking at legislative and legal action. Our fight does not end tomorrow.” The Cannabis Control Commission on Monday is set to vote on a set of draft regulations for recreational marijuana that include two license categories for delivery. The regulations will be a first for recreational pot, but delivery is already allowed for...
Colorado weed sales set to crush annual record, with another $200 million month in September
Weed enthusiasts purchased more than $206.4 million worth of Colorado-made marijuana products in September, as sales from a record-breaking year moderately cooled off. Recreational dispensaries sold $166,547,119 during the month, while medical dispensaries sold $39,941,149 for a combined $206,488,268 in revenue, according to data from the Colorado Department of Revenue. Sales decreased 5.5% compared to August, but are up 33% compared to September 2019 as marijuana experiences a banner year for sales despite the coronavirus pandemic. Read the rest of this story on DenverPost.com.
Election could stoke US marijuana market, sway Congress
Voters in four states from different regions of the country could embrace broad legal marijuana sales on Election Day, and a sweep would highlight how public acceptance of cannabis is cutting across geography, demographics and the nation’s deep political divide. The Nov. 3 contests in New Jersey, Arizona, South Dakota and Montana will shape policies in those states while the battle for control of Congress and the White House could determine whether marijuana remains illegal at the federal level. Already, most Americans live in states where marijuana is legal in some form and 11 now have fully legalized the drug for adults — Alaska, California, Oregon, Washington, Nevada, Colorado, Michigan, Illinois, Massachusetts, Maine and Vermont. It’s also legal in Washington, D.C. Read the rest of thi...
Ticker: Pols blast pending pot delivery regs; Providence unveils program to support small businesses
A handful of lawmakers from both sides of the aisle have asked that Massachusetts marijuana regulators scrap the proposed delivery license that would let operators buy marijuana wholesale from cultivators and manufacturers, store it in a warehouse and deliver it to consumers at home. The Cannabis Control Commission is expected Tuesday morning to consider feedback and hold a final discussion about its draft delivery policy, which would create two distinct delivery license types: a “limited delivery license” that would allow an operator to charge a fee to make deliveries from CCC-licensed retailers and dispensaries, and a “wholesale delivery license.” In a letter last week, 19 state lawmakers told the CCC that they “believe that the wholesale delivery license category proposed in the draft r...
Colorado marijuana sales eclipse $200 million (again) in August
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Maine joins Massachusetts, opening doors to recreational pot sales
Published: Oct 11, 2020, 2:31 pm • Updated: Oct 11, 2020, 2:32 pm By Associated Press SOUTH PORTLAND, Maine — Mainers got their first opportunity to legally buy marijuana for recreational use, but a supply shortage was a potential buzzkill. Retailers blame the pandemic and a limited number of licensed manufacturers for reducing the variety of products available. Licenses were issued only a month ago, causing retailers to scramble to stock their shelves. That didn’t deter shoppers. Read the rest of this story on BostonHerald.com.
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