marijuana industry group
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Colorado’s March marijuana revenue highest of 2022, but still down from last year
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Colorado saw an increase in its marijuana sales from February to March, but the figure is still lower than March 2021, causing concern for some in the industry. The marijuana industry brought in $162.5 million in revenue in March, $17.2 million, or about 12%, more than February. But this total is $44.6 million less than…
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Colorado’s marijuana sales down in February compared to 2021, still higher than previous years
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Colorado saw $145.3 million in marijuana sales in February, down just under 4% from January, according to the state Department of Revenue. This is a smaller dip compared to the 10% decrease in sales from December to January, but it’s also down 13% from the $167 million in marijuana sales Colorado saw in February 2021.…
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Bill to mandate industry-paid recycling poised to surface in Colorado House
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A proposal that would require a shift in the financial responsibility for recycling from consumers to manufacturers is generating an uproar among a diverse coalition of industries, ranging from cannabis to newspapers, big box stores to small businesses. The bill, known as the Extended Producer Responsibility Act from Rep. Lisa Cutter, has not yet been…
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Denver aims to double affordable-housing fund with pot-tax hike
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A Denver City Council committee on Wednesday advanced an affordable-housing plan that depends on raising the sales tax on recreational marijuana. Mayor Michael Hancock’s office said raising the city’s retail marijuana tax rate from 3.5 percent to 5.5 percent would allow Denver to increase its Affordable Housing Fund from $15 million to $30 million a…
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New Colorado marijuana rules may give industry a bit of a breather
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Less than six months after the latest rollout of new rules for the packaging and design of marijuana products, the Colorado Department of Revenue announced Tuesday that additional rules that will go into effect Jan. 1. An announcement of new rules tends to lead to a lot of head-shaking in the industry. Joe Hodas, chief…
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Despite claims, data show legalized marijuana has not increased crime rates
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Attorney General Jeff Sessions told reporters March 6 from the Department of Justice that he thinks there is “real violence” behind the use of recreational marijuana, but Colorado’s marijuana advocates and others across the country are using state and local-level data to push back on Trump administration claims that legalizing marijuana somehow increases crime rates.”…
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Denver pot stores cite safer roads, extra city revenue with more hours
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Denver’s marijuana dispensaries are seeking longer hours to have a level playing field with other city businesses and competitors in neighboring communities. City Council listened to mostly supportive arguments for extending the closing hours from 7 p.m. to midnight at a recent Special Issues Committee hearing. Currently, Denver’s hours of operation for both medical and…
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Colorado leaders unite in defense of the recreational marijuana industry
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With U.S. Attorney General Jeff Sessions hinting that the Trump administration might intensify the enforcement of federal marijuana laws, Colorado leaders from both sides of the aisle have come to the defense of the state’s legal marijuana industry in an uncommon show of solidarity in what many consider to be divisive political times of unmatched…
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Lawmakers, industry leaders denounce White House marijuana enforcement signals
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Word that the White House could begin cracking down on the marijuana trade in states that have legalized the drug drew swift rebuke Thursday from Democratic lawmakers in Colorado, the first state to cultivate a recreational pot industry. “Whether it is building a wall or stripping protections for trans students, President Trump has already shown…
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Marijuana at midnight? Denver pot shops want longer hours
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Denver’s recreational marijuana dispensaries want to be able to stay open later than 7 p.m. and have asked the City Council to extend their hours to as late as midnight. Currently, recreational and medical marijuana businesses operate from 8 a.m. to 7 p.m., shorter hours than all the city’s surrounding communities, Kristi Kelly, director of…
