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Denver City Council

Buddy Boy dispensaries will shutter their doors Friday as state’s weed sales tumble

Published: Jun 19, 2022, 12:54 pm • Updated: Jun 19, 2022, 12:54 pm By Megan Ulu-Lani Boyanton Buddy Boy Brands’ seven metro-area dispensaries will shutter their doors permanently on Friday, with the owner blaming a market downturn and high costs. John Fritzel took over Buddy Boy in June 2014. Buddy Boy’s locations dot the Denver area, selling flower, concentrates, edibles, topicals and more. Fritzel, who also owns dispensaries Lightshade and PotCo, initially said sales tumbled off of a cliff, forcing him to close Buddy Boy. However, he admits “a tax balance” is also a contributing factor. Read the rest of this story on DenverPost.com.

Denver’s mayor proposes new arena as part of $450 million infrastructure bond proposal

Denver Mayor Michael Hancock’s plans for a $450 million infrastructure bonding package to put to voters includes a new, mid-size “state-of-the-art” arena. He made the announcement during his annual State of the City address, conducted virtually on Monday morning. He dedicated much of the speech to the topics of homelessness, criminal justice and post-pandemic resilience. The infrastructure package represented the most substantial spending proposal in the speech. A $450 million investment, he said, “will help create 7,500 good-paying jobs, $483 million in worker wages and benefits, and $1 billion in economic benefits. Read the rest of this story on TheKnow.DenverPost.com.

Weed delivery will happen in Denver starting this summer, to be followed by more dispensaries and consumption clubs

Denver’s about to become even more marijuana-friendly, with weed delivery likely starting this summer after the Denver City Council unanimously agreed Monday to overhaul the local industry with two sweeping measures. The changes have been in the works for several years, with city officials also wanting to make the industry more equitable. The first bill lets dispensaries hire third-party vendors to deliver weed directly to customers and removes Denver’s 220-store recreational dispensaries cap, which has been in effect since 2016. People who want to deliver weed or open a new store must meet the state’s social equity criteria. The second change would legalize bars where customers could bring their own weed to smoke, as well as clubs that could sell small amounts of pot to be smoked there. D...

How will Denver’s new minimum wage impact the marijuana industry?

A recent survey of cannabis companies suggests future entry-level employees will see better pay in Denver thanks to a new law that will increase the city’s minimum wage to $15.87 by 2022. Daniel Brenner, Special to the Denver PostBudtender Isaiah Riley assists a customer Thursday, March 28, 2019 at Terrapin Care Station in Aurora. At least one operator is ahead of the curve. Boulder-based Terrapin Care Station this month announced it was establishing a company-wide $15 minimum wage, a figure that will outpace Denver’s incremental increases for the next two years. Read the rest of this story on DenverPost.com.