Browsing: Cannabusiness

screen_shot_2020-01-06_at_6.18.55_pmGoogle Maps screenshot

Another Denver marijuana dispensary was recently held up at gunpoint, adding to a list of unsolved pot shop robberies in the city.

Ascend Cannabis Company, located at 3555 South Yosemite Street, was robbed at approximately 9:30 p.m. on Friday, January 3, by a group of men with rifles, according to the Denver Police Department. It is the seventh reported robbery attempt at a Denver area dispensary since November, with stores owned by Native Roots, A Cut Above, Frosted Leaf, Green Man Cannabis, Green Heart (Aurora) and Cherry Peak (Glendale) all reporting robberies or attempts.

champs_collins20170920_024Jacqueline Collins

Hospitalizations from vaping have slowed significantly since the fall, when the Centers for Disease Control and Prevention officially linked vitamin E acetate, a vaping additive used to dilute nicotine and marijuana oils, to the vast majority of the illnesses reported. Although most of those cases stemmed from black market products, vaping liquid sold at regulated marijuana dispensaries has also been connected to several illnesses, with some THC vaping oils sold by dispensaries testing positive for vitamin E.

According to one cannabis laboratory, though, vitamin E acetate is a naturally occurring substance in virtually all plant products we use, which is why vaping oil manufacturers that don’t add the substance to their products have seen it show up in their test results. To learn more about naturally occurring vitamin E, we caught up with Frank Taylor, co-founder of cannabis testing facility AgriScience Labs.

socialimpactKicco Koffie

Kicco Koffie officially launched at the end of 2019, but the new CBD coffee company already wants to add something to its brand: global entrepreneurship.

“Our goal was to create a product that could service a need,” says Kicco co-founder Vincent Sarlos. “And that service would be a healthy coffee that tasted really good and can teach entrepreneurship all over the world.”

studio_420_xmas_collins20191214_025 (1)Jacqueline Collins

The seventh year of recreational marijuana sales in Colorado promises to be an interesting one, with new laws allowing social consumption establishments and weed delivery, as well as new industry rules mandating more product testing while restricting vaping ingredients.

Here are the six biggest rule changes that will take effect on Colorado’s marijuana landscape in 2020.

the_green_solution_collins20171215_008 (3)Jacqueline Collins

Colorado has somehow managed to survive six years of recreational cannabis sales without burning down. But even so, there were plenty of hot, skunky issues to cover in 2019.

This year, the Colorado Legislature further established this state as an epicenter of cannabis, passing laws that expanded medical marijuana access and legalized social use businesses, such as pot cafes and smoking lounges. The state also continued in its role as a guinea pig of regulation and cannabis culture, dealing with challenges ranging from moldy pot to equitable industry participation.

After trimming our way through the year’s stories, we landed on these as the ten biggest in 2019:

the_coffee_joint_ice_cream_collins20180705_017Jacqueline Collins

The Coffee Joint, the first establishment to hold a cannabis consumption license in Denver, is now the second pot lounge business to apply for a state social consumption license.

Colorado Springs social lounge Studio A64 successfully applied for a social consumption license at the state Marijuana Enforcement Division office three hours before Coffee Joint owners Rita Tsalyuk and Kirill Merkulov could beat them to it.

Studio A64 could not be reached for comment, but Tsalyuk and Merkulov say the opportunity to apply for a state license is a big step for all cannabis businesses. “This is bigger than us. It’s just a bigger step in the industry,” Tsalyuk explains. “It opens the door to do something different and plan ahead for the next year.”

screen_shot_2019-12-18_at_11.12.28_amDenver Police Department

A string of armed robberies at Denver-area marijuana dispensaries over the past two months continued into this week, according to the Denver Police Department, with the latest stickup taking place at one of Colorado’s largest dispensary chains.

Armed robbers barged into a Native Roots location near Denver International Airport on North Tower Road on Monday, December 16, demanding cash from an employee, according to the DPD and Native Roots. Police officials say it’s the sixth armed-robbery attempt at a Denver-area dispensary since early November, and they believe the crimes are connected to the same group of suspects.

honey_pot_lounge_collins20190407_033 (1)Jacqueline Collins

Colorado dispensaries will almost certainly break another annual sales record for the fifth straight year since recreational weed stores first opened for business on January 1, 2014.

According to data from the state Department of Revenue, Colorado dispensaries accounted for just under $150.5 million in sales in October. Recreational pot sales came in just over $121.2 million, while medical marijuana accounted for approximately $29.2 million.

While that figure is lower than the month before, it reflects what’s become a standard seasonal decline in pot sales. It also all but locks up 2019’s rise past 2018 to tally the most marijuana sales dollars in a calendar year.

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