They don’t make cannabis products like they used to, and there’s an increasing number of Colorado lawmakers who think that’s problematic. As recently as 2014, the vast majority of medical and recreational cannabis sold in Colorado was flower and only 11% was the high-potency concentrates consumed through dab rigs or vape pens. By 2019, concentrates took up a third of the market and flower was below 50%. With the rising popularity of high-THC concentrates, which are several times more potent than flower and edibles, come worries among deep-pocketed political groups and their statehouse allies that teenagers have too much access to it without enough knowledge of the effects. Read the rest of this story on DenverPost.com.
The lone medical doctor in the Colorado legislature is looking to cut back the THC content on the most potent cannabis products, among other changes that would have major impacts on the state’s cannabis industry. State Rep. Yadira Caraveo, a pediatrician and Thornton Democrat, said she is still revising the bill she plans to introduce this month, but one of the main provisions would ban legal marijuana products above 15% THC — the psychoactive compound responsible for the marijuana high. The ban would apply to flower and edibles. THC in flower products can top off close to 30%, while concentrates generally run at 70-80%. “Even if it’s the start of a conversation, I think it’s an important conversation,” Caraveo told The Denver Post on Thursday. “We led the way with legalization, but it doe...
Colorado’s marijuana industry experienced a banner year in 2020 — not in spite of the COVID-19 pandemic, but because of it. Dispensaries across the state were declared essential businesses and allowed to operate while bars, restaurants and gyms were forced to close. That designation helped sales exceed analysts’ expectations. According to Roy Bingham, co-founder and executive chairman of Boulder data firm BSDA, the national market grew more than 45% to $18 billion in 2020, outpacing forecasts by about $2 billion, an increase attributable to “the COVID effect.” Cannabis consumers shopped less frequently but purchased more, including many newcomers with increased at-home time on their hands, he said. Read the rest of this story on DenverPost.com.
Cannabis companies are the leading sponsors of Colorado highways, accounting for cleanup on two-thirds of the roads maintained by Clean Colorado — a program the industry has leveraged as a loophole in the state’s strict limits on marijuana advertising. Currently, 51 cannabis dispensaries, cultivators, manufacturers and edible producers sponsor roadways throughout the state, according to data from the Adopt a Highway Maintenance Corporation. Though they represent less than half of all organizations that participate in the Clean Colorado program, those cannabis firms’ reach spans about 198 miles, or 66% of the roads actively sponsored. Read the rest of this story on DenverPost.com.