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Let the good times roll …

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Despite predictions that cannabis demand in Colorado would begin to level off,  sales as of August had already topped $1 billion, the earliest point reaching that mark since adult use was legalized four years ago.

That translates to $200 million in tax revenue. It also puts the state on track to to break last year’s record of more than $1.5 billion in sales. 

Denver Post Article »

With the election a week away, please look at The Gazette’s editorial on Amendment 74.  The editorial board reversed its position supporting it after the members realized the unintended consequences would pave the way “for expensive, frivolous and opportunistic litigation.” It also may open the door to suing local government over its zoning laws for retail and industrial operations. 

Gazette Article »

Industry peaks just keep getting higher

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Just when the Colorado’s marijuana industry was expected to start leveling out a bit, the newest reports show sales have hit yet another all-time high. Heading into what is considered peak sales season, adult-use marijuana sales in Colorado eclipsed $105 million in March 2018, the highest monthly total in the program’s history. That’s up more than 23 percent from February, which on a percentage basis represents the largest month-over-month sales gain in Colorado’s market in more than three years.

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And as sales grow, prices drop

As more and more states legalize adult-use marijuana, prices are dropping.

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The Good, the Bad and the Fake 

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First the good …

The first-ever report from Colorado State University-Pueblo’s Institute of Cannabis Research says the marijuana industry has had a net positive economic impact of more than $35 million in Pueblo County. At the same time, researchers say they found little conclusive evidence to support arguments that marijuana legalization has increased homelessness or contributed to other widespread social change.

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Now the bad…

Colorado’s congressional delegation was unable to do an end-run around Attorney General Jeff Sessions in the latest federal funding bill. They and more than a dozen other lawmakers wanted to include a provision to prohibit the Justice Department from cracking down on recreational marijuana use in states where it is legal.

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And the really fake …

If there’s one thing we learned in last year’s elections, you can’t believe everything you read. This month, this old hoax about Colorado McDonald’s restaurants installing marijuana “smoking pods” started making the rounds again. And no, it’s still not true.

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Colorado marijuana sales hit $1 billion in first eight months of 2017

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Colorado’s legal marijuana industry generated a record $1 billion in sales during the first eight months of 2017, producing more than $160 million in taxes and fees for critical Colorado services.

With more than $1.02 billion in collective medical and recreational sales through August, sales are up 21 percent from the same period last year, according to The Cannabist, the marijuana news portal of The Denver Post, which analyzed state tax data released last week.

This equates to more than $162 million in taxes and fees for the state, which has received more than half a billion dollars in tax revenue since the first marijuana retail store opened its doors three-and-a-half-years ago.

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