The Louisville City Council approved two ordinances to send two November ballot questions to voters: one, to allow marijuana cultivation facilities in the city and two, authorization to impose an excise tax on those facilities.
Denver-area schools will split more than $14 million raised through marijuana taxes and lottery revenue for projects ranging from replacing roofs to expanding their buildings.
Well, Oregon is working on that very problem where a flood of legal cannabis and optimal growing conditions have seen prices plummet. Oregon signed two bills into law last week, “one aimed at curbing excess production and the other seeking to establish new markets to funnel excess (cannabis) into.”
The first one is easy, but the second one has that pesky legal problem of it being illegal to transport cannabis over state lines. Oregonians are optimistic about the end of that problem, but it presumes overcoming some fairly high hurdles. More »
It looks like two federal legislators from Oregon are attempting to do something about that second problem. More »
Colorado Department of Agriculture Director Kate Greenberg lays out the many ways she believes our state is leading the way in hemp.
“Basically, we kick butt. We had one of the first hemp programs in the country, and there’s still only a few across the country. Folks are racing post-2018 Farm Bill to set something up, but we are five years ahead of the curve, having our own hemp program.”
Marijuana dispensaries racked up over $114 million in sales in March alone as the cannabis industry continues to break sales records.
Sales may have received a boost from the so-called Bomb Cyclone.
The Cannabis Trade Federation launched a Diversity, Equity and Inclusion Task Force that includes, among others, NAACP’s president and CEO, National Urban League’s CEO, former Rep. Carlos Curbelo (R-FL) and a former director of the ACLU’s Washington, D.C. office.
California-based Pure Harvest Cannabis Group has finalized plans to open a retail dispensary off I-70 in Denver.
Totum Advising Group LLC, an LGBTQIA and woman-led cannabis consulting firm in Tampa, has partnered with a Colorado minority-focused business and management firm to raise $20 million in venture capital. The capital will go into real estate, technology and biotechnology, specifically focusing toward the elevation of minority-owned businesses within the legal cannabis market for the Denver-based capital venture fund.
U.S. state bankers’ associations jointly sent a letter to leaders of a key Senate panel saying they support cannabis banking reform and urging the committee to hold a hearing on the overall merits of such legislation.
Colorado Attorney General Phil Weiser, sent a formal letter to Congressional leaders last week demanding that lawmakers pass the SAFE Banking Act or similar legislation that would provide a safe harbor for banks to provide financial services to the marijuana industry.
A bill to allow financial institutions to assist the cannabis industry without penalization has backing on both sides of the aisle and from the White House.
A survey found that 82% of banking executives want the federal government to allow financial services providers to do business with the marijuana industry.
One person’s trash is another’s treasureThere is an emerging cannabis sector that turns plant refuse and post-extraction leftovers into marketable products that range from animal bedding to construction materials.
If the U.S. legalized cannabis today…It would be a $28 billion market, growing to $41 billion by 2028, according to Barclays analysts. They also found that marijuana tax revenues are already ahead of alcohol tax revenues in Colorado, Washington state and Nevada.
Note to investors: Be optimistic, but careful The marijuana industry has strong potential especially after legalization for recreational and medicinal use. However, investors should be careful as several industry stocks have already skyrocketed even as the industry has been tagged as highly volatile.
Good news for those seeking investorsA poll found that 46% of U.S. adults would consider investing in the marijuana industry.
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Bank of America began covering marijuana stocks.“As a whole is relatively safe compared with other cultivation, retail and manufacturing jobs in Colorado.”
Dave Martyn, president of the Compass Cannabis chain of Canadian dispensaries…sat down with Peter Miller, CEO of cannabis branding and packaging company SLANG Worldwide. When discussing exactly what the future of the global cannabis industry will look like, both Miller and Martyn suggested companies look to the past. Industry models in recreational cannabis forerunners like Colorado, Washington and of course Canada, serve as examples of what works.
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Hometown reporter and cannabis industry hits national mainstream news as a legitimate beatFormer cannabis reporter Alicia Wallace from The Denver Post is headed to CNN for their new cannabusiness coverage. CNN states: “CNN Business launches a new content initiative focused on one of the most dynamic growth industries in America: the cannabusiness sector. The next generation of entrepreneurs, investors, and consumers are captivated by this storyline, and CNN Business is making a new commitment to cover every aspect of the cannabis industry, from innovation to regulation.”