News

Farmer and rancher perceptions of cannabis reflect nationwide acceptance

In a recent Farm Journal survey, respondents said they were more comfortable with CBD and medical applications of cannabis than THC and recreational applications. Survey respondents also were more agreeable to growing than consuming cannabis. To see their perceptions in one chart Click Here »

Lessons cannabis firms can learn from the craft beer industry

Q&A with Nug’s Ted Whitney

 Spoiler alert:  The American consumer has the most annoyingly short attention span ever.”

Read the Marijuana Business Daily Article »

Hickenlooper on cannabis

The latest on where former Colorado governor and current Presidential hopeful John Hickenlooper stands on cannabis. 

Click Here »

6 . . . BILLION Dollars!

The Colorado cannabis industry has eclipsed $6 billion in sales since adult use was legalized five years ago. Last year, sales  surpassed $1.55 billion, beating the record of more than $1.51 billion set in 2017, and the state received nearly $1 billion in tax and fee collections.

Denver Post Article »

Autism Advance

Colorado’s House last week passed a bill 63-0 allowing medical marijuana for the treatment of autism spectrum disorders. The Senate is expected to pass it as well, and Gov. Jared Polis has pledged to sign it.  

Former Colorado Gov. John Hickenlooper vetoed a similar bill last year – as well as another bill allowing publicly traded corporations to invest in marijuana businesses.  At the time, Hickenlooper said that if the autism bill was signed into law, “we end up, without question, in some way encouraging more young people to look at this as an antidote for their problems.”  

Hickenlooper is now touring the country as he considers a presidential bid, touting Colorado’s cannabis industry.  He noted at an event hosted by The Brookings Institution that he was “famously against” legalization, especially because of the possibility that more teenagers might increase their consumption, but that now “we’re seeing evidence that the new system [of marijuana legalization] is intrinsically better” than prohibition.  “We haven’t seen a spoke in teenage consumption… our worst fears have not happened,” he said.   

Hmm. 

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Mayor speaks to Colorado Leads

Denver Mayor Michael Hancock spoke to both the Colorado Leads board and its members Tuesday, noting that the Colorado cannabis industry is a “model for the world.”

It’s like it never happened . . . 

Denver Mayor Michael Hancock promoted the city’s “Turn Over A New Leaf” program, a free service announced last December that’s making it easier for people to remove convictions for activity that is legal today. Hancock said the initiative is an attempt to balance the prosperity some have seen in the marijuana industry with convictions made during marijuana prohibition. Those with juvenile convictions can have it “expunged” while adults’ conviction can be “sealed.”  Charges are expected to be taken care of in 48 hours with the city and in about two weeks with the Colorado Bureau of Investigation.


Denver begins clearing residents’ records of low-level marijuana offenses

Following Colorado’s lead . . . 

More than 900 cannabis-related bills moved through state capitols and Congress in 2018, and there are already about 600 bills for 2019 sessions, according to Marijuana Moment’s Legislative Tracking Tools.

Colorado Leads member Dixie Brands weighs in on the issue of state-by-state regulations. 

Forbes Article »

Presidential Candidate Quotable . . . 

“I think (cannabis) gives a lot of people joy. And we need more joy.”

Sen. Kamala Harris, D-Calif., who wants to legalize marijuana across the nation if elected president. 

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Bulletins from the Beltway 

Free from the Feds? 

Oregon Sen. Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act  that would deschedule marijuana by removing it from the Controlled Substances Act (CSA), establish a federal excise tax on legal sales and create a system of permits for businesses to engage in cannabis commerce. This would allow states to establish their own cannabis regulations free from federal interference. 

Wyden also introduced another piece of legislation exempting state-legal cannabis businesses from what is known as 280(E), which prevents them from taking normal business tax deductions that are available to operators in other industries. Co-sponsors include Colorado’s senior U.S. Sen. Michael Bennet.

Forbes Article »


From “unalterably opposed” to legalization to “I’m all in” 

Former U.S. House Speaker John Boehner announced a new, industry-funded group to lobby for marijuana reform in banking, taxes and research in an effort to overhaul federal cannabis policy.

Marijuana Business Daily Article »


Riding the hemp wave

The USDA is now working to implement plans for increased hemp research and provision of oversight to state plans for growing hemp. As the USDA makes laws clearer, CBD retailers will enter the U.S. market in a major wave.

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For a look at the growth of Colorado’s hemp industry:

Colorado Sun Article »