Medicine Man Technologies, a publicly traded marijuana business conglomerate based in Denver, just keeps expanding. A week after the company announced its plans to purchase two commercial marijuana operations in Colorado, it revealed an agreement to buy Colombian marijuana producer Green Equity.
Legal marijuana has now earned over $1 billion in tax revenue for the state, according to the Colorado Department of Revenue.
Marijuana dispensary sales taxes, business licensing fees and excise taxes brought in just over $1.01 billion from January 2014 to May 2019, DOR numbers show, with dispensaries selling around $6.7 billion worth of marijuana products during that span.
I can’t be the only person who waited until June to start exercising again, but it certainly feels that way, watching all of you fit Colorado dickweeds jogging and biking everywhere as I Uber half a mile to Shake Shack. Metabolism just doesn’t have my back like it used to, and at this point in life, I deserve the love handles. Time to get off my ass and do some push-ups, right?
Dear Stoner: My wife dramatically improved her insomnia with about 25 milligrams of THC ingested at bedtime, but when she wakes up she can have problems with balance and difficulty walking. Will a combination with CBD help? How do I find those products?
Colorado’s cannabis and craft-beer industries are often compared, but while they might boast similar demographics, the two businesses are very different in several important ways. For instance, unlike Colorado liquor stores, which often are state-centric in their craft-beer selections, Colorado dispensaries sometimes seem to favor California genetics over strains that got their start locally. So it’s always nice to see a hometown strain, such as Bear Dance, get some commercial love in Denver.
A cross of Snowcap and Suge Pure Kush by Colorado breeder 303 Seeds, Bear Dance is usually considered a daytime strain or even a near-hybrid by dispensaries, but it’s almost always a sedative high for me. The strain’s fruity, cheesy notes are made for an after-dinner smoke, and the effects are sufficiently calming and euphoric to relax a tired, full body.
The National Football League recently announced that it will form two new committees with the NFL Players Association to address pain management and mental health, and rumors are circulating that the league’s current ban on cannabis could be reconsidered. But athletes have been using medical marijuana for pain and stress management for decades, often risking their livelihoods to avoid opioids and alcohol. Former Pro Bowl running back Reuben Droughns, for example, says he used cannabis throughout his career, but only refers to the plant as “medicine.”
Well, that didn’t take long: Less than a week after Colorado Governor Jared Polis signed a bill that expanded marijuana business investment opportunities for publicly traded companies, venture capitalists and private equity firms, one of the state’s largest pot corporations announced plans to scoop up two commercial marijuana operations, including the largest legal outdoor cultivation in North America.
On June 5, Medicine Man Technologies announced that it had reached binding agreements with Los Sueños Farms, an outdoor marijuana farm on 36 acres outside Pueblo, as well as Mesa Organics Ltd, which owns a commercial cultivation, dispensary and extraction facility in Pueblo.