News

. . .  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.”

Read the Article »


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

Read the Article »

Headlines

Polis underscores support for cannabis initiatives with inaugural program

The new Colorado governor had his ceremonial schedule printed on hemp paper.

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Julian Castro supports state’s rights on cannabis

Presidential candidates says “growing evidence from Colorado and other states suggests we can sensibly legalize marijuana use with reasonable controls in place. State voters should have that power.”

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New Congress, new cannabis caucus

With Gov. Jared Polis’s departure from Congress, the caucus will be led by Rep. Earl Blumenauer, D-Oregon,  Rep. Barbara Lee, D-California, Rep. Dave Joyce, R-Ohio, and Rep. Don Young, R-Arkansas.

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Legal cannabis five years later

Retail cannabis sales are booming in Colorado, and so are the state coffers. But much of the bad predicted to accompany legal sales have not materialized. Alternet looks at five impacts the industry has had in Colorado.

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Yes, we’re in Colorado but “Florida Man” news is always entertaining 

A Florida man is in jail for trying to pay for his food at a McDonald’s drive-thru with a bag of marijuana.

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Upcoming Events

January 26 and 27
Indo Expo Denver
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February 6
Hemp & Cannabis Career Fair Denver
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February 16
Cannabis Career Fest Denver
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February 19
NORML Citizen Lobby Day
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Happy New Year!

Colorado celebrates five years of legal cannabis

And what a difference five years makes! Today, Colorado can proudly claim to have laid the groundwork for the safe and responsible introduction of legal marijuana, a framework that was being studied and replicated around the world last year as the industry celebrated a year of global gains.

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The Denver Post take a close look at five years of marijuana legalization here in Colorado, as well as the promises and challenges that lie ahead. 

Denver has seen the biggest revenue boost from the cannabis industry, the newspaper reports. But many other businessescommunities, and programs have also benefited.

The amount of money local governments will receive approach $80 million in 2018, according to The Post’s calculations. And it’s it’s the smaller places that have realized the greatest benefits.  

  • Parachute’s sales tax revenues took the town from bust to boom. It bounced back from a tax revenue low in 2015 of $831,000 to a projected take of nearly $1.6 million this year. More »
  • Ridgway, a town of about 930, in 2014 had an annual budget of just $1.4 million fueled mostly from a 3.6 percent local sales tax. It wasn’t long before the budget grew to nearly double that amount, largely because of those new marijuana businesses. More »
  • One cannabis shop in Sedgwick has provided an injection of much-needed cash, allowing the town to build a park and turn an old jail into a history museum. More »