It came down to the last month of the year, but 2018’s dispensary sales ultimately edged out the previous year’s total for Colorado. According to the state Department of Revenue, Colorado pot shops have sold over $6 billion worth of legal marijuana since retail sales began on January 1, 2014.
For the fifth year in a row, annual dispensary sales reached a new record.
Dear Stoner: I don’t see advancement at my current growing job, and I kind of want to leave Colorado. What are some states where my personal and (limited) professional experience are in demand?
L.T.
The Coffee Joint’s most recent CannaCoding session featured industry professionals from Cannopy, Vangst and Flowhub.
The first rule of cannabis coding: well, there are no rules…yet. Legal cannabis is still very much the digital Wild West for coders.
Neal Levine, a longtime member of the Colorado marijuana industry who’s now the CEO of the national Cannabis Trade Federation, sees the case for THC potency limits on marijuana concentrates recently made in this space as a Trojan horse for gutting the industry.
When approximately one million people gathered in New York’s Times Square on December 31, 2018, most of them didn’t know they were standing in front of cannabis history being made as the ball dropped into 2019. But that night, a handful of hemp- and marijuana-related companies became the first of their kind to advertise in some of the most coveted real estate in the world. One of those companies was Elixinol, a hemp and CBD company based in Broomfield.
“Look at the butt on that,” said Harry.
“He must work out,” Lloyd replied.
Why the change in dialogue? The 2019 edition AGSW has sizable support from Colorado’s cannabis industry.
A recent report from a Colorado organization devoted to keeping children away from marijuana advocates for potency limits on cannabis products, which continue to get stronger and stronger.
America was pretty late to the party, but the federals finally figured out (again) that hemp doesn’t get us high. By removing the plant from the Controlled Substances Act via an amendment to the 2018 Farm Bill, Congress cleared a path for American companies interested in using hemp and its extracts and fibers to source those materials domestically. And retailers selling those products in this country can now do so without fear of law enforcement and regulatory interference.
Anyone who shopped at dispensaries last year likely noted that marijuana prices were dropping, with flower going as low as $15 an eighth and concentrates like shatter and wax selling for $10 or $12 per gram.
So why didn’t edibles get cheaper, too?
A Denver burger company is about to help you get a dose of cannabis with your lunch.
West Coast Ventures Group Corp., the parent company of Illegal Burger, which has two Denver locations (as well as outposts in Evergreen, Glendale and Arvada), has teamed up with a California company named Biolog, Inc., to test out a method of infusing cannabinoids directly into food.