Colorado marijuana sales continued their summer uptick in July with record-breaking sales, according to the Colorado Department of Revenue. The state’s dispensaries collected over $138.5 million, the highest monthly sales figure so far, just beating August 2017’s tally of $138.46 million.
The vast possibilities of hemp are emerging as the legal barriers to hemp-based products begin to disappear, and among those possibilities is manufacturing products not for consumers, but for other companies. While many businesses involved with hemp and CBD are eager for the spotlight, others would rather do their work without the attention, in exchange for a manufacturing fee.
To learn more about the cannabis industry’s white-label products — something produced by one company for another to rebrand and sell — we talked with Maruchy Lachance, co-owner of CBD white-label company Boulder Botanical & Bioscience Laboratory.
Cannabis has become a popular alternative treatment for cancer, but with one of its own fighting for his life, the legal pot industry has geared up to fight the disease on a different level. A member of that industry for five years, Jason Margolies was diagnosed with stage-four colon cancer at the beginning of 2018.
Suffering from Crohn’s disease since at least 2000, Margolies considered himself lucky to have never required surgery, but that changed last fall when his health began to decline. An operation found a tumor in his chest; initially labeled benign, it was actually malignant. In January, doctors found that cancer had spread to his lungs and abdomen.
The legal marijuana industry is booming, according to a new report from one of commercial pot’s largest job recruiters. But which jobs are paying the most?
In a recent analysis of the marijuana industry’s job and salary rates, Vangst, the self-proclaimed “Monster.com of the cannabis industry,” says it expects pot industry employment to see an annual growth of 220 percent in 2019. Using previously compiled data and a survey of over 1,200 marijuana companies, Vangst reports that salaries at licensed pot businesses (those directly touching the plant) grew over 16 percent in 2018, with industry job listings increasing by nearly 700 percent during a seven-month period between January and August.
Talk to any cannabis business owners in Colorado today, and they’ll have something to say about consolidation. Some of them are doing the consolidating, while others are doing their best to not be eaten. They’re putting up a good fight: According to a recent study by Marijuana Business Daily, although the state’s pot industry has seen increased consolidation as it matures, it’s not happening at a rate even close to consolidation in other industries.
Still, familiar cannabis company names continue to disappear. For a quick walk down marijuana memory lane, here are five dispensary chains that once looked destined for expansion, only to be consumed by cannabis capitalism.
Founded in 2010, Incredibles made a name for itself with its popular cannabis chocolate bars. But the infused-products brand has expanded its line to include live resin, tinctures, bath salts and suppositories, and it’s even entered the emerging legal markets in California, Illinois, Nevada and Oregon.
We don’t blame you for complaining about inconsistent prices or expensive herb in certain parts of town, but one study shows that we don’t have it too bad in Denver compared to other cities with legal marijuana.
Wikileaf, a website that lists dispensary menus, deals and strain information, recently released data comparing the average price of legal dispensary buds (whether medical or recreational) around the country. While most of Wikileaf’s data compared the East and West coasts, it also ranked eight major cities according to how much an eighth of an ounce of weed costs.
After a couple of rocky months of falling numbers, Colorado’s legal marijuana industry bounced back in June, according to the Colorado Department of Revenue, racking up over $129.5 million in sales. The 5 percent rise was pushed by another month of strong recreational sales and a rare bump in medical marijuana earnings.
For legal cannabis to spread across the country, people need to speak up in more ways than with Facebook comments and on Gallup polls. Lucky for cannabis users, Wanda James can be loud enough for all of us. The pot entrepreneur and activist was the first black woman to open a dispensary in Colorado, and was honored with a lifetime achievement award at the 2017 Cannabis Business Awards for her role in the commercial rise of the plant.
But even with all her success in pushing cannabis forward, James still has an ax to grind with state regulators and corporate interests. She’s frequently at government hearings speaking up for consumers’ rights, social consumption and fair pot policy, and is a regular presence at public demonstrations criticizing law enforcement or elected officials for anti-cannabis actions. Westword recently caught up with James to see what she’s been up to.
Not counting the budding behemoth in California, it’s tough to match Colorado’s pot-smoking prowess, which was put on full display in the state’s recent Marijuana Enforcement Division’s 2017 market-demand study.
According to the MED, Colorado’s legal marijuana market demanded 665,134 pounds of pot in 2017, accounting for over $150 billion in total revenue. That’s a 31 percent rise from 2016, the study shows, and a 130 percent rise since 2015, when the MED began tracking the data.