Marijuana Tax Money Targeted for Colorado’s Full-Day Kindergarten Rollout

Colorado lawmakers have hit on a funding source to help struggling school districts cover up to $25 million in startup costs as they expand full-day kindergarten this fall: marijuana taxes.

The money is expected to aid districts in rural areas, as well as others short on cash. It would help buy new desks and furniture, fixtures for bathrooms and classrooms, and other equipment schools need as they expand their full-day kindergarten offerings. Continue reading “Marijuana Tax Money Targeted for Colorado’s Full-Day Kindergarten Rollout”

Martha Stewart partners with Canadian cannabis company

Ever since Martha Stewart teamed up with Snoop Dogg and became America’s Cool Weed Grandma, people have wondered: When will the cooking show host take the next logical step and create a line of gourmet cannabis edibles?

When The Washington Post posed the question to her in 2017, just before the second season of “Martha and Snoop’s Potluck Dinner Party,” she demurred: “I’d rather do a line of my own hydrangeas or my own tulip bulbs,” she said.

A year and a half later, she’s taking the plunge – kind of. Continue reading “Martha Stewart partners with Canadian cannabis company”

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”

Oklahoma Quickly Becoming Medical Marijuana Hotbed

The rollout of statewide medical and recreational marijuana programs typically is a grindingly slow process that can take years. Not so in Oklahoma, which moved with lightning speed once voters approved medical cannabis in June.

The ballot question received 57 percent support and established one of the nation’s most liberal medical pot laws in one of the most conservative states. Six months later, the cannabis industry is booming. Continue reading “Oklahoma Quickly Becoming Medical Marijuana Hotbed”

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”

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”