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Colorado marijuana sales eclipse $200 million (again) in August

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Colorado marijuana sales blow past $200 million in July

Colorado cannabis sales set a record yet again in July, eclipsing $200 million in a single month for the first time. Dispensaries sold $183,106,003 in recreational marijuana and $43,268,565 in medical marijuana in July, for a combined $226,374,568 in revenue, according to data from the Colorado Department of Revenue. That’s up 13.8% from June, another record-setting month when the industry raked in nearly $199 million. So far in 2020, consumers have purchased more than $1.2 billion worth of cannabis products and the state has collected $203 million in taxes. Read the rest of this story on DenverPost.com.

Colorado cold snap destroys millions of dollars worth of marijuana plants, could disrupt industry

Published: Sep 11, 2020, 6:15 am • Updated: Sep 11, 2020, 6:15 am By The Associated Press DENVER — Early cold temperatures and snow in Colorado may have destroyed millions of dollars worth of outdoor plants, cannabis and hemp companies said. The drop of about 70 degrees Fahrenheit occurred too early in the growing season for farmers to harvest the plants, Marijuana Business Daily reports. Related Articles Read the rest of this story on DenverPost.com.

Guest Commentary: The use of cannabis in the United States should be decriminalized

Amid the long-overdue national conversation about achieving true social justice, one key element is being largely overlooked: The need to end decades of misguided drug policy that has disproportionately taken a toll on minority communities. An issue certain to arise in the presidential campaign is whether the use of cannabis should be decriminalized, or whether it should remain illegal under federal law. I believe the current federal prohibition must be repealed. First, the grim truth is that America’s war on drugs, coupled with decades of disinvestment, has contributed to a cycle of poverty, violence and incarceration and contributed to the societal injustice we are working to unravel. Read the rest of this story on DenverPost.com.

June was Colorado’s biggest marijuana sales month ever. July was likely bigger.

June marks the first month in Colorado history that recreational marijuana shops sold more than $150 million worth of products as cannabis consumption during the COVID-19 pandemic continues to set industry records. Recreational marijuana consumers spent $158,102,628 at Colorado shops in June, according to data from the Department of Revenue’s Marijuana Enforcement Division. It’s a 6% increase of the previous single-month recreational sales record of $149,186,615 that was set in May, state data shows. Last June, rec shops sold roughly $122.4 million in products. Before this year, monthly recreational sales had only eclipsed $140 million one time, in August 2019, state data shows. That month, dispensaries combined to sell $173,219,859 worth of products. Read the rest of this story on DenverP...

Colorado cannabis sales hit new all-time high in May at more than $192 million

Published: Jul 13, 2020, 2:24 pm • Updated: Jul 13, 2020, 2:25 pm By Tiney Ricciardi Cannabis sales in Colorado set a new monthly record in May, hitting their highest level since recreational sales began in 2014. Dispensaries sold $192,175,937 worth of products in May, according to data from the Department of Revenue’s Marijuana Enforcement Division. That’s up about 29% from April and an increase of 32% from May 2019. Related Articles Read the rest of this story on DenverPost.com.

Colorado Gov. Jared Polis says pardons for marijuana convictions can start in 90 days

Colorado Gov. Jared Polis signed a bill into law Monday that allows him to mass-pardon Coloradans with minor marijuana possession convictions, although he has not said exactly how the process will work. Lawmakers passed House Bill 1424 on June 15, the last day of the 2020 legislative session. The bill aims to make the legal marijuana industry more accessible to people of color and those who were previously convicted on drug charges that wouldn’t be crimes now. It expands the social equity program for marijuana business licenses to Colorado residents who have been arrested or convicted on a marijuana offense, been subject to civil asset forfeiture from a marijuana offense, or lived in an area designated as high crime or economically disadvantaged. “For decades now, the Black community has b...

Colorado lawmakers let governor mass-pardon marijuana possession convictions

The governor would be able to mass-pardon marijuana convictions for possession of 2 ounces or less if he signs a bill that gives him that authority. It was the last amendment to the last bill considered Monday before Colorado’s General Assembly ended its work for the year. Lawmakers added the mass expungement option to House Bill 1424, which aims to open the marijuana industry to people of color and those who were previously convicted on drug charges that wouldn’t be crimes now. A spokesperson for Gov. Jared Polis didn’t directly answer whether he would sign it but sounded supportive Tuesday afternoon. Read the rest of this story on DenverPost.com.

Denver’s marijuana businesses lack diversity in ownership and employment, city study finds

The majority of Denver’s cannabis-focused businesses are owned and staffed by white residents, leading to a lack of opportunities for people of color to get involved in the industry, according to a city study released Monday. According to Denver’s Cannabis Business and Employment Opportunity Study, 74.6% of owners of licensed cannabis businesses within city and county limits are white, as are 68% of employees. Hispanic, Latino and Spanish residents account for 12.7% of cannabis business owners and 12.1% of industry employees, while black and African American residents make up 5.6% of ownership and 5.9% of industry employees, the study found. Read the rest of this story on DenverPost.com.

How Denver businesses plan to deal with face mask enforcement

Published: May 6, 2020, 6:02 am • Updated: May 6, 2020, 6:05 am By Sam Tabachnik Beginning Wednesday, any customer entering a Denver business will be required to put on a mask. That part is straightforward. But what happens when people refuse to do so? It’s a question that cities and states around the country are grappling with as mandatory mask orders become more common to help slow the spread of the novel coronavirus. While compliance only takes a cloth mask, the mandate has generated strong backlash in parts of the country, with deadly consequences in at least one instance. Read the rest of this story on DenverPost.com.

Second Colorado dispensary will soon begin offering marijuana delivery

Boulder will soon be home to two dispensaries legally delivering medical marijuana. Helping Hands Cannabis on Pearl Street recently procured its license for delivery and expects to begin service to medical patients in mid-May, according to co-owner Johnny Kurish. Kurish decided to offer delivery as a way to safely reach patients during the pandemic. Helping Hands closed voluntarily before Gov. Jared Polis issued a statewide stay-at-home order in March “because we couldn’t see a responsible way to conduct business inside of our premises and still be cognizant of public health and our staff’s health,” Kurish said. Read the rest of this story on DenverPost.com.

Denver risking tax dollars by “ineffectively” auditing marijuana businesses, city auditor alleges

Denver’s process for auditing marijuana businesses is inadequate and has potentially cost the city countless tax dollars allocated for public service programs, the city auditor alleged Thursday. In a scathing new report, Denver auditor and certified public accountant Timothy M. O’Brien evaluated the city’s methods, strategies and standards for auditing marijuana dispensaries, cultivations and manufacturing facilities, deeming them “ineffective” and “inefficient.” Officials also have failed to address several unlicensed marijuana delivery services active in the city, the report said. Read the rest of this story on DenverPost.com.

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