News

Headlines

Pain Relief

Chronic pain is the most common reason people give when they enroll in state-approved medical marijuana programs.  That’s followed by stiffness from multiple sclerosis and chemotherapy-related nausea, according to an analysis of 15 states published Monday in the journal Health Affairs.

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Members in the News

Colorado Leads member LivWells buys a Fort Collins Infinite Wellness Center 

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Willie’s Remedy

Willie Nelson officially launched his brand Willie’s Remedy and  its first product: coffee infused with “certified organic, full-spectrum hemp oil grown in Colorado.” 

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Upcoming Events

Saturday, February 16,  10am – 4pm
Cannabis Career Fest


Wednesday, February 20, 7-11pm
Sensi Night

Colorado Cannabis Companies Continue To be Viewed as Legitimate Businesses

Colorado’s congressional delegation is being criticized by an anti-marijuana group for taking campaign contributions from the cannabis industry. U.S. Rep. Ed Perlmutter not only shrugged off the criticism, he defended the industry. 

 “Colorado voters spoke resoundingly, not once but twice, in legalizing medical and recreational marijuana,” said Perlmutter spokesman Austin Blumenfeld. “It is a legitimate business in the state of Colorado. Rep. Perlmutter’s focus in this area is to align federal and state laws to allow these legitimate businesses to have access to the financial industry. Without this access we are putting the safety of the public, employees and law enforcement at risk.”

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And what is more than the Better Business Bureau?  The Greater Denver’s Better Business Bureau  is now accrediting cannabis companies as it does businesses in any other industry.  

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. . .  But Don’t Spike the Ball Just Yet 

CBS, which broadcasts the Super Bowl, rejected an ad submitted by Acreage Holdings, a medical cannabis company that operates in 11 states,  to run during the game. The network said the ad was “not consistent with the network’s advertising policies,”  and that it does “not currently accept cannabis-related advertising.”

Vox Article »

The key word here may be “currently.”  Along with TV, Facebook, Google, Twitter and even Instagram (at times) prohibits marijuana ads. However, times are changing and the conversations are “expanding.” 

Denver Post Article »

Quotable

“As one of the first states to (legalize cannabis), we get a lot of extra business from people coming into our state. . .  So from the economic perspective in Colorado, I’d love other states to go slowly so that we can continue to see all these benefits for Colorado. For years, I’d been sort of countering this sort of dire picture of Colorado. But again, if (other states) think that (legalization is) bad, it’s better for us to have less competition at this point. So I mean, if I’m looking at it as governor, I would hope they halt their efforts and send all their business here.”

Colorado Gov. Jared Polis

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Headlines

Vetoed Autism Bill Returns 

A bill – similar to the one vetoed last year by then-Gov. John Hickenlooper – that would allow Coloradans with autism to use medical marijuana cleared its first legislative hurdle last week.

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A Cannabis Oasis

The only two adult-use cannabis shops in El Paso County are a financial boon to Manitou Springs. Mayor Ken Jaray said a recent project to bury cable lines previously suspended on telephone poles would not have been possible without the taxes the city brings in from the two shops. The fund the city uses for these types of projects, its Urban Renewal Authority, climbed from an average of $34,000 a year before recreational marijuana, to $1.2 million in 2016.

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Now There are Two 

Denver’s second business allowing social consumption of marijuana in the city will open its doors next month. 

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Coast to Coast 

There isn’t as much gold as expected coming out of the Golden State.  California is expected to collect $630 million less in revenue than what Gov. Jerry Brown projected in his last budget. There is so much marijuana being manufactured (15.5 million pounds) that the state now has far more surplus than it actually consumes (2.5 million pounds).

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On the other side of the country, people suffering from opioid addiction now qualify for medical marijuana in New Jersey.

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America’s first cannabis  governor and the challenges ahead

Gov. Jared Polis, considered the most industry friendly governor in the country, takes the reins at a crucial time for Colorado as the state’s regulations come under review and as at least one bordering state considers developing its own legal cannabis industry. The marijuana  industry is optimistic Polis will champion its cause to keep the industry growing and moving legislation that his predecessor vetoed.
Colorado Sun Article »

Indeed, several new marijuana bills were among the first filed as the legislature opened, including a new attempt to add autism spectrum disorders to conditions that qualify patients for medical cannabis;  another would make people eligible if they have a condition under which a doctor would prescribe opiates.
Reporter Herald Article »

Polis takes office as marijuana sales show signs of leveling off after five years of constant and dramatic growth.  New state figures show Colorado has logged over $1.4 billion worth of medical and recreational marijuana sales from January to November 2018, just $93 million behind 2017. And while a dramatic surge is not expected, Colorado is still on pace to finish the year slightly ahead of the year before.
Summit Daily Article »

While sales remain strong in Colorado today, will the state’s industry be impacted by a change in leadership across the border? The Albuquerque Journal takes a look at legislation being proposed to legalize cannabis in New Mexico under a new Democratic governor.
Albuquerque Journal Article »

Quotable

“Within the next two years, a majority of the United States will have adult-use legal cannabis. And some of that, roughly half of that, could happen through state legislatures.”

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In fact: Marijuana legalization bills have already been filed in half a dozen red states.

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