Last week, in a standing room only, boiling hot room, Gov. Jared Polis signed six pro-cannabis bills into law.
Up first, a new law that opens up Colorado’s cannabis industry to outside investors for the first time. The measure was vetoed last year by then-Gov. John Hickenlooper.
Two stories below, that coincidentally quote Chuck Smith and Colorado Leads, shed some light on the new law.
“If everything goes as expected, Colorado legal cannabis industry is about to get a major windfall,” wrote Forbes.
Read More »
“The law is expected to bring new cash flow into Colorado as well as marijuana products from companies that previously were unable to do business in the state,: wrote Marijuana Business Daily.
Article Here »
Polis also signed social consumption legislation that creates a new license for cannabis retailers to sell marijuana products that could be consumed in a designated hospitality zone. Authorized medical cannabis shops will be able to deliver marijuana to patients starting in January 2020 under another bill. Recreational cannabis dispensaries will be able to make deliveries to adults 21 and older starting in January 2021. The social use and delivery proposals require that local communities opt in before businesses will be allowed to offer those services.
Read More »
An overview of the bills can be found here »
And here »
News
While in Hollywood, visit the Museum of Weed?
/in Education, Events /by Admin“The Weedmaps Museum of Weed, slated to be open from Aug. 3 through Sept. 29 at 720 North Cahuenga Boulevard, will take visitors on a chronological walk through history — from the early uses of the cannabis plant to the ‘Reefer Madness’ and ‘War on Drugs’ eras through to the present-day legalization efforts.” No consumption of cannabis products will be allowed onsite and admission costs $35.
Read More ».
Colorado Kicks Butt
/in Businesses, Economy, Hemp, Uncategorized /by AdminColorado 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.”
Read the full interview here »
You know what’s cool?
/in Sales, Uncategorized /by Admin“A million dollars isn’t cool. You know what’s cool? A billion dollars.”
– Sean Parker, The Social Network
Colorado has surpassed $1 billion in cumulative tax revenue since legalization in 2014. The industry continues to grow, which is good for all of us considering the programs the tax revenue funds. “Marijuana revenue funds a range of youth and public health programs in Colorado, including mental health services, youth literacy initiatives and anti-bullying programs in schools. Marijuana tax revenue goes to both state and local governments.”
More »
Want to see exactly where that money goes?
The state’s flowchart explaining it for you right here.
The kids are alright
/in Science, Youth /by AdminResearchers at Colorado State University Pueblo have released a new study that says “living in a community with recreational marijuana does not appear to influence area high schoolers’ use of cannabis or their attitudes towards it.”
“Based on the 2013 and 2015 Healthy Kids Colorado Survey data,” the study states, “permitting or not permitting recreational cannabis dispensaries in a community does not appear to change student cannabis use or perceptions towards cannabis.”
More »
Stop raiding the piggy bank
/in Tax /by AdminMore »
Headlines
/in Banking, News, Uncategorized /by AdminNY couldn’t get it across the finish line
A recent poll showed that 55 percent of voters supported legalization, but New York’s plan to legalize marijuana collapsed Wednesday, “dashing hopes for a potential billion-dollar industry that supporters said would create jobs in minority communities and end decades of racially disproportionate policing.”
More »
When banks won’t give you lines of credit, why not create your own?
Columbia Care has introduced the industry’s first cannabis credit card.
“Columbia Care initiated its CNC Card on a trial basis in New York State in the second half of 2018. What the company found was that, when compared to other forms of payment, those folks who purchased cannabis products with the CNC Card had a basket size that was 18% larger for in-store purchases.”
More »
At least no one in Colorado built an 8,000 sq. ft. social consumption facility that’s now useless…
The Nevada Legislature pulled the rug out from under Las Vegas with Assembly Bill 533 that overrode the Las Vegas City Council’s work of over two years in licensing social use cannabis venues. Venues now have to wait until at least 2021. From Leafly, “Las Vegas OK’d Cannabis Lounges but Nevada Just Said No.” More »
Come for the stories of entrepreneurs having to shelve their plans indefinitely, but stay for an understanding of the remarkable political pull large casinos have in the way policy is crafted and implemented.
Schools get construction
/in Education, Tax /by AdminRead More »
So why do people support cannabis legalization?
/in News /by AdminAs public support for legalizing marijuana has surged, a new Gallup poll finds 86% of U.S. supporters of legal marijuana saying its medicinal benefits are a very important reason they support legalization. Majorities also say freeing up police resources to focus on other crimes, respecting people’s personal freedom, and generating tax revenue for state and local governments are key reasons for their support.
View the Poll »
And finally… It’s possible this would improve morale at some jobs
/in Employment, Legislation /by AdminThis is from a report by CNN, which also cites the New York City Council passing a similar bill two months ago. As legalization continues throughout the country, will other states follow suit? Time will tell, although there are some exceptions to this policy.
The law does not apply to firefighters, EMTs, employees who operate a motor vehicle, or those who, in the determination of the employer, could adversely affect others’ safety. That’s probably for the best.
What a Difference a Year Makes
/in Investment, Legislation /by AdminLast week, in a standing room only, boiling hot room, Gov. Jared Polis signed six pro-cannabis bills into law.
Up first, a new law that opens up Colorado’s cannabis industry to outside investors for the first time. The measure was vetoed last year by then-Gov. John Hickenlooper.
Two stories below, that coincidentally quote Chuck Smith and Colorado Leads, shed some light on the new law.
“If everything goes as expected, Colorado legal cannabis industry is about to get a major windfall,” wrote Forbes.
Read More »
“The law is expected to bring new cash flow into Colorado as well as marijuana products from companies that previously were unable to do business in the state,: wrote Marijuana Business Daily.
Article Here »
Polis also signed social consumption legislation that creates a new license for cannabis retailers to sell marijuana products that could be consumed in a designated hospitality zone. Authorized medical cannabis shops will be able to deliver marijuana to patients starting in January 2020 under another bill. Recreational cannabis dispensaries will be able to make deliveries to adults 21 and older starting in January 2021. The social use and delivery proposals require that local communities opt in before businesses will be allowed to offer those services.
Read More »
An overview of the bills can be found here »
And here »