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 13, 2021, 2:14 pm • Updated: Apr 13, 2021, 2:17 pm By Kevin Smith A Las Vegas cannabis dispensary is looking to hire 250 workers for a soon-to-be-completed superstore in Santa Ana as the company expands its operations amid a gradually improving COVID-19 economy. Planet 13 hopes to fill the Orange County positions by July. It also will be adding 40 cash registers and 80 additional employees at its Las Vegas store, boosting companywide staffing by 330. The 45,000-square-foot Santa Ana location at 3400 Warner Ave. will be called Planet 13 Orange County. Read the rest of this story on ocregister.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.
Colorado marijuana sales in November pushed the industry’s annual revenue to $2 billion for the first time. In November, dispensaries sold $175.1 million worth of products, according to figures released by the Department of Revenue on Tuesday. Recreational sales accounted for about $140.5 million, while medical sales accounted for nearly $34.7 million, the agency reported. While the total is down about 12% compared to the month prior, it was enough to help Colorado hit yet another financial milestone in an already banner year for cannabis. From January through November 2020, consumers purchased slightly more than $2 billion, the Department of Revenue reported. The previous year, dispensaries reached $1.75 billion in annual sales, a record at the time. Read the rest of this story on DenverP...
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.
Colorado dispensaries sold more marijuana in the first 10 months of 2020 than they did during a record-setting sales year in 2019. October sales totaled more than $199.7 million in October, pushing the state’s annual revenue to more than $1.8 billion, according to the Department of Revenue. By comparison, sales totaled about $1.75 billion in 2019, making this the highest selling year since recreational weed hit the market in 2014. Sales were poised to crush the record following several lucrative summer months, despite the ongoing coronavirus pandemic. Colorado hit an all-time monthly high in July with $226 million in sales. That was also the first time monthly totals surpassed $200 million. Read the rest of this story on DenverPost.com.
Weed enthusiasts purchased more than $206.4 million worth of Colorado-made marijuana products in September, as sales from a record-breaking year moderately cooled off. Recreational dispensaries sold $166,547,119 during the month, while medical dispensaries sold $39,941,149 for a combined $206,488,268 in revenue, according to data from the Colorado Department of Revenue. Sales decreased 5.5% compared to August, but are up 33% compared to September 2019 as marijuana experiences a banner year for sales despite the coronavirus pandemic. Read the rest of this story on DenverPost.com.
REDWOOD CITY — Cannabis connoisseurs who have long fretted over the veritable dispensary desert on the Peninsula could soon find an oasis in Redwood City. Redwood City residents are being asked to weigh in on allowing up to six cannabis retailers to open up in certain parts of the city during a Plan Commission meeting on Tuesday, two weeks after the city council expressed support for expanding access to the popular drug during a council study session. Ever since cannabis was legalized for recreational use back in 2016, no Peninsula city has gone the way of San Jose, San Francisco and Oakland in allowing storefronts to open up. There are several delivery services across the Peninsula, but Redwood City is the first to seriously consider cannabis clubs to open. Read the rest of this story on ...
June marks the first month in Colorado history that recreational marijuana shops sold more than $150 million worth of products as cannabis consumption during the COVID-19 pandemic continues to set industry records. Recreational marijuana consumers spent $158,102,628 at Colorado shops in June, according to data from the Department of Revenue’s Marijuana Enforcement Division. It’s a 6% increase of the previous single-month recreational sales record of $149,186,615 that was set in May, state data shows. Last June, rec shops sold roughly $122.4 million in products. Before this year, monthly recreational sales had only eclipsed $140 million one time, in August 2019, state data shows. That month, dispensaries combined to sell $173,219,859 worth of products. Read the rest of this story on DenverP...
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Published: Apr 28, 2020, 9:45 am • Updated: Apr 28, 2020, 9:47 am By Associated Press By ALEX VEIGA | The Associated Press LOS ANGELES — The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century. Hightimes Holding Corp. said Tuesday is acquiring 13 dispensaries from Harvest Health and Recreation, one of the largest multi-state producers and sellers of cannabis in the U.S. Read the rest of this story on MercuryNews.com.
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.