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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.

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.

Colorado marijuana sales hit a record $1.75 billion in 2019

Published: Feb 18, 2020, 1:10 pm • Updated: Feb 18, 2020, 1:11 pm By Tiney Ricciardi Last year was the most lucrative 12 months for cannabis sales in Colorado since the state’s voters legalized recreational marijuana. Medical and recreational cannabis sales hit a record $1.75 billion in 2019, up 13% from 2018, according to data from the Department of Revenue’s Marijuana Enforcement Division. Marijuana tax collections also hit an all-time high, at more than $302 million in 2019. RELATED: “Where’s all that marijuana money?” Colorado’s pot dollars help schools, but maybe not as much as you think Read the rest of this story on DenverPost.com.

The Lodge dispensary in Denver recalls marijuana products with high yeast and mold levels

A Denver dispensary issued a voluntary recall on several marijuana products Monday due to elevated levels of yeast and mold. The Lodge, which operates two locations in the Barnum and River North neighborhoods, recalled all retail plant material, including flower, shake, trim and pre-rolled joints, following an investigation by the Denver Department of Public Health and Environment that found a potentially unsafe level of yeast and mold, according to a news release. Products purchased from either location that bear the OPC codes 403R-01007 and 403R-00207 are subject to the recall. Customers and businesses that purchased these products before Feb. 7 should dispose of them or return them to the store. Read the rest of this story on DenverPost.com.