In an effort to make Colorado’s cannabis industry more eco-friendly, the state’s health department and energy office launched two new pilot programs Wednesday focused on reducing carbon emissions and improving energy efficiency at local cultivations. Both programs support Gov. Jared Polis’ mission to cut greenhouse gasses 50% by 2030. For the first program, the Carbon Dioxide Reuse Project, the Denver Beer Co. is partnering with the Clinic dispensary to recycle carbon emissions. Brewing a 120-barrel batch of beer produces enough carbon dioxide naturally through fermentation to fill a 500-pound vessel, said Charlie Berger, co-founder of Denver Beer Co. Read the rest of this story on DenverPost.com.
Published: Nov 15, 2019, 6:26 am • Updated: Nov 15, 2019, 6:27 am By The Associated Press By Bart Schaneman, Marijuana Business Daily DENVER — Outdoor marijuana growers are reporting an increase in cross-pollination from hemp farms, a development that could mean marijuana cultivators might lose upwards of tens of thousands of dollars if their plants become unmarketable as flower products. As the marijuana and hemp industries increasingly share the same cultivation territory, the number of conflicts is likely to increase, particularly in areas with thriving outdoor cannabis cultivation. Read the rest of this story on DenverPost.com.
Entrepreneurs who broke into Colorado’s cannabis industry at the ground level — the growers — have endured economic whiplash over the last two years as the market for wholesale flower experienced volatile swings in price. The average market rate slumped to a low of $759 per pound in 2018 after peaking at $2,007 per pound in early 2015. That rate has rebounded to $1,316 per pound this month, after five consecutive quarters on the rise, reaching the highest price in three years. Still, many anticipate the wholesale cost will remain relatively flat in 2020. Or at least they’re hoping it will. Read the rest of this story on DenverPost.com.