Browsing: Cannabusiness

04202018_bruce_civic_center_0074 (1)Kenzie Bruce

Vaping is marketed to both tobacco and marijuana smokers as the safer alternative to smoking. But as hundreds of cases of vaping-related illnesses pop up across the country, state and federal health officials are gaining traction in their messaging about the unknown dangers of vape products.

“Vaping products contain more than just harmless water vapor. They are marketed as a ‘safe’ alternative to smoking, but the long-term health effects of vaping are still unknown,” the Colorado Department of Public Health and Environment notes on its website.

As vaping receives criticism from government officials, much of the heat has been directed at nicotine vaping — allowing marijuana vaping products to escape largely unscathed. However, vaporizing marijuana products now covers a larger span than just the plant’s flower, with THC and CBD oil vape cartridges rising in popularity thanks to their convenience — and that’s where recent reports of danger come in.

starbuds_louisville-lentz-2015 (1)Scott Lentz

Starbuds, one of Colorado’s largest dispensary chains, has agreed to sell a handful of stores to a name that’s becoming increasingly common in cannabis-industry acquisition news: Medicine Man Technologies.

The deal between the two parties, announced September 3, has Starbuds selling five stores in Louisville, Longmont, Pueblo, Niwot and Commerce City to the cannabis business conglomerate for just over $31 million in cash and Medicine Man Technology stock shares.

But the news doesn’t end there. Today, September 4, Medicine Man Technologies announced it has agreed to buy Colorado Harvest Company, a chain of three dispensaries in Denver and Aurora, for $12.5 million in cash and stock.

paragon_processing_loading_baysCourtesy of Paragon Processing

Colorado City, a town of less than 2,500 in southern Colorado, will soon be home to up to 50 million pounds of hemp, now that a massive-hemp processing facility is open for business.

Paragon Processing opened a 250,000-square-foot hemp-processing on facility Wednesday, August 29. Not only does the company say that the new facility is the largest of its kind in the country, but it could help bring 250 new jobs to Colorado before the end of the year, with a number of them located in Colorado City.

incredibles_collins20180814_035Jacqueline Collins

Commercial marijuana products in Colorado will soon be subject to further testing for dangerous fungus, according to the state Marijuana Enforcement Division. In a bulletin recently sent to the state’s marijuana industry, the MED announced that mycotoxins will be added to the microbial testing requirements for concentrates by September 15.

A toxic metabolite produced by fungi, mycotoxins colonize crops and can be found in various forms of mold. Symptoms that appear after consuming mycotoxins include coughing, wheezing, nose stuffiness and irritated eyes and skin — but mycotoxins can also cause severe respiratory damage, and are capable of giving animals and humans chronic, deadly diseases if consumed at high levels for long periods of time.

den_canna_20151002_medicineman_southhavanna_slentz_02Scott Lentz

It grows…and it eats you alive.”

That’s how the narrator of the trailer for the 1958 horror movie The Blob described an alien life form that engulfs everything it touches, but he might as well have been talking about Medicine Man Technologies. The Denver-based business conglomerate announced another acquisition this week, the fifth marijuana company that Medicine Man Technologies has agreed to purchase over the last three months.

On August 12, Medicine Man Technologies announced plans to acquire Dabble Extracts, a Colorado Springs marijuana extraction company. According to the terms, the publicly-held Medicine Man Technologies will pay $3.75 million for Dabble: $750,000 in cash and $3 million worth of Medicine Man Technologies stock holdings.

smokin_gun_joint-collins20190510_023Jacqueline Collins

As more and more states legalize it, retail marijuana has never been more readily available in this country. But that’s not stopping Colorado’s pot industry from breaking record after record. May 2019’s sales set a monthly record, and they were even higher in June, according to the state Department of Revenue.

Colorado dispensaries pulled in over $152 million in June, DOR numbers show — up over $9 million from the previous monthly record set in May, and nearly $10 million more than the record set just before that in March.

Nearly a year ago, cannabis industry executive Jason Margolies went public regarding his fight with stage-four colon cancer, and the hundreds of friends and peers in the cannabis industry who had his back.

Now that fight is over: Margolies passed away on August 6 at the age of 43.

Known throughout the cannabis industry and beyond for his jovial personality and sense of humor, Margolies kept his spirits up after he was diagnosed with cancer in January 2018. Because he already suffered from an autoimmune disorder, doctors told Margolies there was only a 25 percent chance that his cancer would go into remission. But he remained upbeat, as did his friends.

incredibles_collins-marijuana-kola-bud-2018Jacqueline Collins

Recreational marijuana users are starting to look past smoking joints and bongs, and moving on to more advanced methods of consumption, according to an annual report from the Colorado Marijuana Enforcement Division.

The MED’s yearly checkup of the state’s pot industry, just released this week for 2018, shows that sales of edibles, pre-filled vaporizers, dabbing concentrates and other infused products are increasing at a much faster rate than the sale of cannabis flower and trim.

image_from_ios_6_Courtesy of CBDistillery

The hoopla surrounding CBD has become so loud that even CBD companies are starting to get annoyed. One Colorado CBD brand recently went so far as to buy ads in New York’s Time Square to attack gimmicky products and marketing campaigns that push CBD into everything from candles to firewood.

CBDistillery, a company known for hemp-derived CBD edibles, oils, capsules, vaporizers and more, wants people to be more discerning about how they consume CBD. But where is that line drawn, and who should be leading the conversation? We chatted with CBDistillery chief marketing officer Chris Van Dusen to see what he thinks.

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