Attorney General Nominee Will “Not Go After” Marijuana Companies

Attorney general nominee Bill Barr says he would “not go after” marijuana companies in states where cannabis is legal.

Barr said at his confirmation hearing on Tuesday that companies had relied on Obama-era guidance that kept federal authorities from cracking down on the pot trade in states where the drug is legal. Continue reading “Attorney General Nominee Will “Not Go After” Marijuana Companies”

Colorado Sees Average Price of Wholesale Marijuana Rise in Second Half of 2018

Starting Jan. 1, Colorado will reap more tax revenue from wholesale deals involving marijuana intended to be sold to consumers after the average prices of those wholesale products rose in the latter part of 2018.

The Colorado Department of Revenue on Thursday released updated average market rates for marijuana being sold or transferred from retail cultivation centers to recreational pot shops or facilities that make retail products like hash oil and edibles. Those sales and transfers are subject to a 15-percent excise tax. Continue reading “Colorado Sees Average Price of Wholesale Marijuana Rise in Second Half of 2018”

Boulder-Based Vera Aims to Take High Energy Use out of Marijuana Cultivation Equation

Cliff Grassmick, Daily CameraEric Haughton is chief production at Vera Cultivation, which boasts a first-of-its-kind facility that drastically reduces the amount of energy consumed in growing cannabis.

Alex Park and his two partners wanted to grow cannabis commercially without using an excessive amount of energy, a problem that has plagued indoor marijuana cultivation. Continue reading “Boulder-Based Vera Aims to Take High Energy Use out of Marijuana Cultivation Equation”

Colorado marijuana bus tours view themselves as industry ambassadors

“Welcome to the party bus.”

That’s what tour guide Alyse Morgan told 20-plus tourists who were riding in a marijuana bus tour on a hot May Friday. It was a rare chance for them to consume a plant that’s likely illegal in their home states. Continue reading “Colorado marijuana bus tours view themselves as industry ambassadors”

Feds working on new marijuana banking guidance, Treasury Secretary Mnuchin tells Congress

Issuing updated marijuana banking guidance is “at the top of the list” for the U.S. Treasury Department, according to Sec. Steve Mnuchin.

“I can tell you we’re working on it as we speak,” he told a hearing of the House Ways and Means Committee Thursday. Continue reading “Feds working on new marijuana banking guidance, Treasury Secretary Mnuchin tells Congress”

Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors

Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday. Continue reading “Colorado pot sales hit a record $1.5 billion in 2017, and border towns saw a green rush from neighbors”

What Trump said about marijuana enforcement while campaigning in Colorado

Attorney General Jeff Sessions’ recent decision to clear the way for possible enforcement of federal laws that outlaw marijuana contradicts what Donald Trump told The Colorado Springs Gazette during his presidential campaign.

During a conversation with The Gazette’s editorial board in July 2016, Trump, then the GOP nominee, repeatedly pledged that he would respect states’ legalization laws and take a wait-and-see approach to enforcing federal law. Continue reading “What Trump said about marijuana enforcement while campaigning in Colorado”

Federal marijuana bills boosted by new supporters as Congress gets back to work

Lawmakers lined up behind several cannabis-related House bills in the wake of U.S. Attorney General Jeff Sessions’ policy shift last week rescinding the Obama-era Cole Memo that had protected states with marijuana laws.

The U.S. House of Representatives officially returned from recess Tuesday morning, but a slew of Democrats got to work Monday by adding their names as co-sponsors on four marijuana-related bills: The Respect State Marijuana Laws Act of 2017 (House Bill 975), The Ending Marijuana Prohibition Act of 2017 (House Bill 1227), Marijuana Revenue and Regulation Act (House Bill 1823), and Regulate Marijuana Like Alcohol Act (House Bill 1841). Continue reading “Federal marijuana bills boosted by new supporters as Congress gets back to work”

Hickenlooper says he doesn’t see the benefit of rescinding marijuana policy for Trump Administration

After news broke earlier this week that Attorney General Jeff Session has rescinded the Cole Memo, changing how the government enforces federal marijuana laws, Gov. John Hickenlooper told CNN Saturday that he didn’t see how the move would help the Trump administration. Continue reading “Hickenlooper says he doesn’t see the benefit of rescinding marijuana policy for Trump Administration”

Colorado grows twice as much hemp as any other state

Colorado grows almost 40 percent of all the hemp in the country, and more than twice as much as any other state.

Not to be confused with its more famous and psychotropic cousin, marijuana, hemp is used for items ranging from medication and medical research to textiles.

Advocacy group Vote Hemp’s 2017 Hemp Crop Report says hemp cultivation more than doubled this year, from 9,770 acres nationwide in 2016, to 23,346 acres this year. Colorado’s hemp acreage is up from 5,921 in 2016 to 9,000 this year. Continue reading “Colorado grows twice as much hemp as any other state”