Hemp Is Next: Colorado Wants More Than Marijuana Prominence

Already known as one of the country’s marijuana capitals, Denver is a heavyweight in the hemp industry, too, and that status is on full display at the NoCo Hemp Expo this weekend.

After five years in Loveland, the NoCo Hemp Expo moved to Denver in 2019. The Crowne Plaza DIA‘s parking lot was packed and its event center bustling on Friday, March 29 — and that was just the industry-only day. The conference is open to the general public today, March 30, with over 220 hemp and CBD vendors peddling everything from hemp clothing and shoes to CBD extraction technology. Continue reading “Hemp Is Next: Colorado Wants More Than Marijuana Prominence”

The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill

The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law.  One of the major components of this legislation of industrial hemp.  This blog post will mainly focus on what the tax implications of this legalization and contrast tax differences of a federal legal hemp business versus a federally illegal business subject to section 280E.  Continue reading “The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill”

Mandatory Testing Costly For Colorado Marijuana Growers

New mandatory marijuana pesticide testing in Colorado is putting a financial squeeze on local cultivators to the tune of thousands of dollars in increased costs.

The added expense is the latest financial blow to hit the state’s cultivators, which are already struggling with falling wholesale prices and a glut of product. Continue reading “Mandatory Testing Costly For Colorado Marijuana Growers”

Denver marijuana sales reach record high of $587 million, sales across state continue to rise

Denver dispensaries sold more than $587 million in marijuana in 2017 even as sales in shops in other parts of the state continue to grow.

Retail sales totaled $377 million in Denver, according to the city’s annual report on the marijuana industry released Thursday. The city’s revenue from all marijuana sales in 2017 grew to $44 million, a 20 percent increase from the previous year. Continue reading “Denver marijuana sales reach record high of $587 million, sales across state continue to rise”

Marijuana ‘Tasting Rooms’ Bill Dies With Colorado Gov.’s Veto

Colorado’s governor on Monday vetoed a bill to allow marijuana retailers to set up “tasting rooms,” dashing hopes that the state would be the first to adopt a system letting consumers use marijuana in public spaces.

 

Continue reading “Marijuana ‘Tasting Rooms’ Bill Dies With Colorado Gov.’s Veto”

Colorado Proposes Marijuana Tracking System In New Bill

In Colorado, the legal cannabis industry is booming. Since the legalization of recreational marijuana back in 2012, the state has benefited in myriad ways. The government has used the tax revenue from legal pot sales to fund K-12 education and housing development. The rate of opioid-related deaths has decreased. Indeed, the Colorado Chief Medical Officer has stated that there haven’t been any significant issues due to cannabis legalization. And yet, the Colorado cannabis industry seems to be missing something: a marijuana tracking system. Continue reading “Colorado Proposes Marijuana Tracking System In New Bill”

Parts Of Colorado Approve New Marijuana Taxes

Voters in multiple parts of Colorado approved new marijuana taxes that will hike prices for consumers in those areas. Eagle County, Colorado is suffering from mental health and substance abuse issues. They’re hoping the new marijuana taxes that were approved will help fund programs that will save the town. However, it still begs the question: Are taxes on legal marijuana getting too high? Continue reading “Parts Of Colorado Approve New Marijuana Taxes”

Colorado Hits Billion Dollar Sales Mark in Nine Months

According to data from the Colorado Department of Revenue, the Rocky Mountain state sold over $1 billion dollars in cannabis through the first nine months of 2017.

It took the state 10 months to reach the billion dollar mark in 2016. Sales totals through the first nine months of this year have reached a total of about $1.1 billion—the highest amount of total sales to date in the country.

When comparing the data to last year, through 9 months of sales Leafly found that Colorado totaled $942 million, with the totals in 2017 so far showing there was over a $100 million dollar increase in sales from the same time period, totaling $1,118,207,832.87 in sales.

Continue reading “Colorado Hits Billion Dollar Sales Mark in Nine Months”

Colorado’s Ban on Weed Gummy Bears Goes Into Effect This Weekend

Remember how we told you all that Colorado was banning weed gummy bears? Well, that new piece of cannabis legislation goes into effect this weekend. If you’re not sure what we’re talking about, or if you thought all of this talk about banning weed-infused candy was just rumor and hoax, we are about to fill you in.

Continue reading “Colorado’s Ban on Weed Gummy Bears Goes Into Effect This Weekend”

Colorado to Sessions: Pot Industry Working and Can Be Better

Colorado’s legal marijuana industry is working — and can work better with federal collaboration, the state’s governor and Republican attorney general told U.S. Attorney General Jeff Sessions in a letter Thursday. Continue reading “Colorado to Sessions: Pot Industry Working and Can Be Better”