News - Page 17 of 39 - Colorado Leads

Sales record shattered

May 22, 2019/in Businesses, Local, Sales /by Admin

Marijuana dispensaries racked up over $114 million in sales in March alone as the cannabis industry continues to break sales records.

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Sales may have received a boost from the so-called Bomb Cyclone.

Where is that marijuana tax money going?

May 22, 2019/in Tax /by Admin

Aurora

It only took four decades, but Aurora has opened a new recreation center paid for by cannabis revenues for a long-awaited rec center in Aurora. More »

Boulder

Marijuana tax revenues help Boulder County Schools expand the number of school nurses by one-third and add about a dozen nurses to the district’s high schools. More »

Turning over a new leaf

May 22, 2019/in Crime, Legislation /by Admin

So far 323 citizens have taken advantage of Denver’s “Turn Over A New Leaf,” a program that helps erase low-level marijuana convictions. It is estimated that 13,000 people are eligible.

What a long, strange trip its been

May 22, 2019/in Media, People, Politics /by Admin

U.S. Sen./presidential hopeful Michael Bennet joked on Seth Meyers that Denver decriminalized psychedelic mushrooms, fearing that Colorado is running out of marijuana.

“And by the way, we’re not out of marijuana in Colorado,” Bennet said.

“That’s what it says on the state flag now, right?” Meyers said.

“Yeah, exactly,” Bennet replied.

Diversity, Equity and Inclusion

May 22, 2019/in Businesses, Education /by Admin

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.

Californication

May 22, 2019/in Businesses /by Admin

California-based Pure Harvest Cannabis Group has finalized plans to open a retail dispensary off I-70 in Denver.

Trying to level the playing field

May 22, 2019/in Businesses /by Admin

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.

Banking News

May 22, 2019/in Banking, Businesses, Uncategorized /by Admin

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.

Help us . . . asks The New York Times?

May 22, 2019/in Media /by Admin

The Gray Lady wants to better understand how Coloradans are adapting to the state’s legalization of cannabis. You can fill out a form right on The Times website.

Fill out the Form Here »