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Man ordered to pay $2.5 million restitution to four victims in marijuana fraud

Published: Nov 16, 2020, 3:16 pm • Updated: Nov 16, 2020, 3:19 pm By Kieran Nicholson A former Aspen businessman sentenced to 12 years in prison has been ordered to pay nearly $2.5 million in restitution to four victims swindled in a black-market marijuana scheme. Scott Pack was sentenced to prison in July by Arapahoe County District Judge Michael Spear under the Colorado Organized Crime Control Act on a first-class drug felony conviction, as well as two counts of securities fraud. Arapahoe County District AttorneyScott Pack Read the rest of this story on DenverPost.com.

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 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.