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.
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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.
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.
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.
When Cindy Sovine submitted her application for a social cannabis consumption license to Denver in February, she was confident that her pot-infused spa would be approved. The health-care-turned-cannabis lobbyist had influential friends in the city and had even helped lobby for Initiative 300, the voter-approved measure that created Denver’s social-use licensing program in November 2016.
They weren’t enough.
As of last July, the Colorado Attorney General’s Office Hoppz Cropz prosecution was likely the largest marijuana conspiracy case in the state: thirteen defendants charged with a combined 244 crimes, including racketeering under the Colorado Organized Crime Control Act, for illegally peddling nearly 200 pounds of cannabis.
Although Colorado’s legal cannabis industry has maintained a steady of pace of increasing revenues over the years, a new market report from one of pot’s leading economic-research teams says it could be time to prepare for a plateau.
CBD products are touted for their healing properties. But even they would have a hard time mending the rift that’s torn apart a Colorado CBD company, which has dissolved amid dueling lawsuits, with one alleging a scheme to funnel more than $1 million to an animal sanctuary in Costa Rica and the other focusing on $300,000 in missing meds and a series of accused co-conspirators, one of whom is named Natalia Swindler.
Sales data has shown a consistent growth in cannabis extracts and other forms of consumption as the legal pot industry advances. While part of the allure is sheer novelty, many new technologies have given medical patients more standardized treatment and retail users more consistent effects.