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.
HOOPER — Charlie Williams doesn’t believe there should be stores selling pot in his tiny town deep in the San Luis Valley. The 67-year-old pastor isn’t alone. Two dozen of his fellow residents joined him last month in successfully turning down — 25 to 18 — a measure that would have allowed recreational and medical cannabis sales in this town of fewer than 100 just west of Great Sand Dunes National Park & Preserve. “It’s a lot of conservative-minded people who really don’t want that in their town,” said Williams, who preaches at the non-denominational Church of the Living God in Hooper. “Some of us in Hooper wanted to draw a line and keep that out of here.” Read the rest of this story on DenverPost.com.
When Method Man came to Colorado to perform with Wu-Tang Clan at Red Rocks Amphitheatre last August, the rapper and actor debuted an original line of cannabis flower that had fans lighting up with excitement. Method Man returned this week for two concerts, including a performance Wednesday at the stoner-focused 420 on the Rocks, bringing another smokeable announcement with him. Method Man is collaborating with two local companies to release TICAL edibles and several concentrates in the coming months. That includes three kinds of gummies with Dialed In, recently named the top cannabis brand to watch in Colorado by analytics firm BDSA, and three concentrate products with Soiku Bano, the best rosin manufacturer in Denver, according to Westword. Both companies are working with Vera Cultivation...
Coloradans will soon have a bar where they can belly up to enjoy a non-alcoholic, THC-infused beer and order a gram of marijuana served with a side of rolling papers. JAD’s Mile High Smoke is poised to be the first recreational sales and hospitality business in the state, a formal title meaning a lounge where consumers can come to buy weed and smoke, eat or drink it onsite. The business, located at 7667 Washington St. in Denver, is slated for an April 22 opening. Owner Josh Davis said he’s an appropriate person to open this first-of-its-kind business. As founder and CEO of Legacy 64, he’s spent five years helping other marijuana businesses in Colorado and beyond ensure they’re in compliance with state and local laws. Read the rest of this story on DenverPost.com.
Colorado’s marijuana companies aren’t immune to the supply chain disruptions testing industries worldwide, with some feeling the squeeze on packaging, nutrients and more. “Cannabis is no different than any other industry,” said Matt Jacobs, vice president of operations at Veritas Fine Cannabis. “We’ve got the same issues that other people do when it comes to the supply chain right now.” The coronavirus pandemic thrust the global supply chain into disarray, with overloaded warehouses, backlogged ports and labor shortages intensifying shipping delays. And the U.S. inflation rate continues to rise after hitting a 40-year high in December, the Bureau of Labor Statistics’ Consumer Price Index reports. Read the rest of this story on DenverPost.com.
Broomfield has suspended a lottery it was scheduled to hold this month to award three retail marijuana licenses after the county received “considerable feedback” about who was applying and whether they were playing by the rules. The pause, which the county announced last week, came after Terrapin Care Station sued Broomfield and a number of competing applicants, claiming that several contenders among the 26 who applied used multiple versions of the same corporate name while at least three contenders are directly related to one another. Related Articles Read the rest of this story on DenverPost.com.
A mad scramble is on in Broomfield to score a trio of coveted licenses to sell recreational marijuana, with 26 applicants jostling for a spot in a city that until now has banned all weed sales. One established cannabis company is crying foul, charging that the lottery system Broomfield will use this month to award the licenses is essentially rigged to raise the odds for some contenders — and the city is doing nothing about it. “They’re allowing various individuals to submit multiple applications into the lottery through various shell companies,” Jordan Factor, attorney for Terrapin Care Station, told The Denver Post. “We’re baffled.” Read the rest of this story on DenverPost.com.
Published: Aug 26, 2021, 6:29 am • Updated: Aug 26, 2021, 6:32 am By John Aguilar Aurora flung open the doors on the next — and perhaps final — frontier in the world of legal cannabis in Colorado, giving initial approval this week for smoking lounges, tasting rooms and tour buses filled with stoned customers. “I see this as a game-changer for the industry,” said Victoria Osler, an Aurora entrepreneur who plans to roll out a “party bus” called Dreamy Illusions, complete with a stripper pole, thumping music, strobe lights and, of course, mobile consumption. “You will be able to consume cannabis on the party bus,” she said. Read the rest of this story on DenverPost.com.
Published: Apr 20, 2021, 5:32 pm • Updated: Apr 20, 2021, 5:32 pm By Tiney Ricciardi A point-of-sale system powering Colorado dispensaries went down Tuesday on the biggest marijuana holiday of the year. Denver-based FlowHub said an outage caused by a third-party authentication service caused the service to crash on April 20, colloquially known as 4/20. It’s unclear how many dispensaries in the state have been affected and a company representative was not immediately available for comment. Read the rest of this story on DenverPost.com.
Published: Apr 7, 2021, 3:32 pm • Updated: Apr 7, 2021, 3:32 pm By Kieran Nicholson A 10-year moratorium on marijuana sales has been overturned by voters in Grand Junction. On Tuesday voters handily approved ballot questions 2A, Taxation on Regulated Marijuana, and 2B, Lifting Moratorium on Marijuana Businesses, according to voting results. On the 2A question: 9,235 voters said “yes”; with 7,309 voters casting a “no” vote. On the 2B question: 9,755 voters approved, with 7,055 voters disapproving. Read the rest of this story on DenverPost.com.
Published: Mar 11, 2021, 11:49 am • Updated: Mar 11, 2021, 11:51 am By Tiney Ricciardi Colorado’s marijuana industry hit a milestone in January, topping $10 billion in sales since the legal market got off the ground in 2014. Cannabis consumers purchased $151,734,324 in recreational products and $35,869,373 in medical products during the first month of the year, for a total $187,603,697, according to sales figures released by the Department of Revenue this week. While sales remained flat from December to January, they increased significantly year over year — up 34.8% compared to the same period in 2020. Read the rest of this story on DenverPost.com.
Published: Feb 9, 2021, 12:12 pm • Updated: Feb 9, 2021, 12:12 pm By Tiney Ricciardi Despite a global pandemic that disrupted many facets of commerce, Colorado’s marijuana industry experienced its most lucrative year on record with $2.2 billion in sales in 2020. According to figures released Tuesday by the state Department of Revenue, dispensaries sold $186,343,208 in cannabis products in December, up 6.4% compared to the previous month. The state collected nearly $32.4 million in taxes and fees in December, pushing the annual tax total to $387.4 million in 2020. Read the rest of this story on DenverPost.com.