News - Page 18 of 40 - Colorado Leads

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 »

From “I didn’t inhale” to “legalize it!”

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

The majority of 2020 Dem candidates are making legalization and the cannabis industry a part of their platform to some degree.

And More »

As usual, Colorado leads the way, this time in pest control

May 22, 2019/in Safety, Uncategorized /by Admin

With no guidance from the EPA, it is difficult for the marijuana industry to regulate pesticides and other safety concerns, but Colorado and other states are figuring it out and developing their own standards.

AND that’s a wrap…

May 8, 2019/in Medicinal, Polis, Uncategorized /by Admin

After what seemed like an eternity, the Colorado legislature closed out its 2019 session last week. There were 15 bills related to cannabis and hemp and thirteen passed. Only one has been signed into law by Gov. Jared Polis, but the others are expected to be signed in the near future.

The highlights include bills:

Adding autism spectrum disorders to the list of disabling medical conditions for medical marijuana use. Signed into law. More »
Allowing greater investment flexibility in marijuana businesses. More »
Permitting delivery of regulated marijuana by regulated marijuana sellers. More »
Legalizing consumption of cannabis in designated marijuana hospitality establishments. More »
Allowing physicians to prescribe opioids to the list of disabling medical conditions for medical marijuana use. More »
Two separate measures that extend and update the state’s medical and retail marijuana codes. More »

Moving onto Congress…

May 8, 2019/in Legislation, People, Politics /by Admin

Colorado senators lead way on legalization of marijuana

U.S. Sens. Cory Gardner and Michael Bennet take the lead on the STATES Act and the SAFE Banking Act.

Colorado elected leaders say it’s not okay to build a moral wall keeping out cannabis workers

Four Colorado Congressional Members wrote to the heads of the Department of Justice and Homeland Security about the policy that punishes immigrants for allegedly not having “good moral character” as a result of working in the marijuana industry.

Marijuana banking bill gains momentum with prosecutors’ support

May 9, 2019/in Legislation, Uncategorized /by Admin

The attorneys general of 33 states and five U.S. territories said they support congressional legislation that would allow cannabis companies in Colorado and elsewhere to use banks without fear of federal repercussions.

“For too long, the status quo has pushed legitimate businesses outside the banking system and into cash-dependent models, creating a lucrative target for violent and white-collar crime,” said Colorado Attorney General Phil Weiser, who lead the effort on uniting the group.

Cannabis cash cow? No.

May 8, 2019/in People /by Admin

Former Colorado Cannabis Czar Andrew Freedman appeared on a Rhode Island news show warning that legal cannabis is not necessarily a “cash windfall” and says he supports banning home grows because “it would save lives.”

Business News

May 8, 2019/in Businesses, Economy, Investment /by Admin

One person’s trash is another’s treasure

There 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.

If you aren’t sure what to make of this, you aren’t alone

May 8, 2019/in Health, Science /by Admin

A new study from the University of Colorado Boulder in Frontiers in Public Health finds that 80% of cannabis smokers mix the drug with their workouts. The same study goes as far as suggesting the mixture may be beneficial for some.