Browsing: Cannabusiness

den_20151124_boulderwellnesscenter_boulder_slentz_01Scott Lentz

After over a year of free-falling, marijuana prices are on the rise in Colorado, according to the state Department of Revenue. But several marijuana producers say those prices could be even higher than the state estimates.

According to the latest DOR estimates, wholesale marijuana flower is currently about $1,000 per pound, increasing by 17.5 percent from July to September, with trim, flower and whole plant matter allocated for extraction all rising in cost, as well. However, wholesale marijuana growers and dispensary general managers are telling us that wholesale flower prices are actually closer or above $1,300, and have been steadily rising all year.

den_canna_20150726_mmjamerica_arapahoe_slentz_05Scott Lentz

As Colorado’s cannabis industry opens up to more investment opportunities and public funding through a new law that takes effect November 1, expect powerful players to enter the fray. A private company is already beating some of those public corporations to the punch, however, purchasing five well-known dispensaries in the metro area this year alone.

Lova, a new dispensary brand, now owns both of MMJ America’s dispensaries in Denver as well as Groundswell Cannabis Boutique, Northern Lights Cannabis Co. in Edgewater and Boulder’s Trill Alternatives (MMJ America in Boulder and Northern Lights in Denver will remain unaffected by the deal). Founded by Matthew Shifrin and Amanda Fox, Lova is funded by Australian billionaire Brett Blundy. We sat down with Shifrin and Fox, a University of Denver alum, to learn more about their plans for their new dispensaries.

incredibles_collins20180814_041Jacqueline Collins

New marijuana business licenses reserved for low-income demographics are set to launch in Colorado in 2020, but questions remain about who should receive these licenses and how they should be regulated.

Created by Senate Bill 224, a 2019 law that overhauls the state’s medical and recreational marijuana regulations, the new licenses are intended to add more diversity to Colorado’s cannabis space while providing opportunity to entrepreneurs who don’t have traditional training or funding outlets. Also known as micro licenses, the new permits would require the new businesses to use the facilities of established pot companies as they research and create their own cannabis products.

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.

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