Browsing: Cannabusiness

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.

present_cansCourtesy of Present

Several Colorado craft breweries have been making hard seltzer drinks as a way to soften declining beer sales, but Left Hand Brewing is twisting the formula a bit: Instead of adding booze to flavored sparkling water, the Longmont brewery is making seltzer water with CBD.

Partnering with Berthoud hemp and CBD supplier WAAYB Organics, Left Hand has created Present, a line of bubbly drinks with 20 milligrams of CBD per can, and no alcohol, sweeteners or calories. The tasteless CBD distillate is derived from industrial hemp, which contains 0.3 percent THC or less, and is not intoxicating.

binske-jake-pasternack-courtesy-2019Courtesy of Binske

Those brothers behind Binske are at it again. The Denver-based cannabis company has just announced a licensing agreement that will put the Binske brand in eleven states around the country.

According to an announcement from the company regarding its new partnership with MariMed, a publicly held cannabis investment firm based in Massachusetts, Binske will soon be available to over 52 million people aged 21 to 61 in states with medical and recreational marijuana.

shift_growCourtesy of Shift

Travis Howard launched Shift, his cannabis company, back in 2010, but didn’t put weed on the shelves until this summer. The Boulder attorney originally established Shift as a consulting firm, acquiring cannabis business licenses while helping other potrepreneurs manage their own green dreams.

Now he wants to put his own mark on your lungs, with Shift Genuine Cannabis available in dispensaries throughout Colorado. We spoke with Howard to learn more about his journey through legal cannabis and why he chose to start a flower-focused company.

den_canna_20150717_colorado-harvest-register_slentz_05 (1)Scott Lentz

The push for federal cannabis banking legalization took another baby step on July 23 when the U.S. Senate Committee on Banking, Housing and Urban Affairs heard a bill that would allow financial institutions to serve companies connected with cannabis, which is still federally illegal.

Introduced by Senator Jeff Merkley of Oregon, the SAFE Banking Act would protect banks and other financial outfits from federal charges if they provide accounts, loans and other services to pot businesses as well as ancillary enterprises that work with cannabis-focused enterprises, such as real estate agencies, accountants and other business vendors.

den_canna_20150808_mindful_slentz_11Scott Lentz

Colorado is no longer the only player in recreational cannabis, and early potreprenuers are branching out as legalization efforts claim victories around the country.

Meg Sanders served as CEO of Mindful during the Colorado and Illinois dispensary chain’s quick expansion post-2014; after leaving her day-to-day role with the company, she set her sights on Massachusetts. Still an owner of Mindful, Sanders has been on the East Coast lately, preparing to open three cannabis storefronts under her new Canna Provisions brand.

We recently caught up with her to learn more about her journey through legal pot and what she has planned for the future.

mcba_opportunity_summit_collins20180325_010Jacqueline Collins

Over 100 cannabis businesses and organizations just sent a letter to Congressional leaders calling for federal legalization of the plant, but their request didn’t stop there. The letter also urged federal funding be used to diversify the cannabis industry, as well as administer retroactive justice for old pot convictions and help communities impacted the most by the war on drugs.

Cannabis is still far from legal in the eyes of the federal government, but Congress has been more open-minded lately. The House of Representatives has advanced legislation that would explicitly allow banks and financial institutions to serve medical and recreational cannabis businesses in states where they are legal, and the Senate just held a hearing on the same bill.

gruvi-beer-courtesy-2019 (1)Courtesy of Gruvi

Cannabis legalization has not only spurred a wide variety of new industries, but it’s reinvigorating some old business models. Noticing the growing interest around terpenes — plant compounds found in cannabis and hops (and fruits, flowers, coffee and pretty much anything else grown on Earth) — Niki Sawni decided to start a line of non-alcoholic beverages geared toward cannabis users.

Using terpenes to make non-alcoholic IPAs, sours and even wines, Sawni’s beverage company, Gruvi, has been able to breathe new life into sober drinks; Gruvi products are now on the shelves of 45 liquor stores and craft breweries around Colorado. We recently sat down with Sawni to learn more about how drinking terpenes without the booze can affect our experiences with cannabis.

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