On Thursday, July 13, cannabis professionals ascended on Denver’s Cultivated Synergy for a quarterly meeting held by the National Cannabis Industry Association. But this wasn’t any ordinary meeting; it was a caucus – a cannabis caucus.
Browsing: Cannabusiness
Colorado has collected more than $500 million in tax revenue from the cannabis industry since recreational sales began in 2014, according to a report from VS Strategies based on information from the Colorado Department of Revenue.
On July 20, the Senate Appropriations Committee approved the Energy and Water Development appropriations bill for fiscal year 2018, authorizing $38.4 billion in spending. Wedged into this bill was the Industrial Hemp Water Rights Act, a piece of bipartisan legislation introduced in part by Colorado senators Michael Bennet and Cory Gardner.
Dear Stoner: What’s this newfound affinity for 7/10? Sounds like a marketing ploy by the cannabis industry to me.
Skeptik
A strange Juicy Fruit gum commercial in the early 2000s had a man in a whale costume and a woman in overalls singing about “caring and sharing” on a children’s TV show. The scene was pretty wholesome until the whale stole Juicy Fruit from the woman’s pocket and ran. The previously caring woman tackled the whale like a free safety and pummeled him while the song about “caring and sharing” continued playing in the background.
Someone stealing a 25-cent stick of gum could never make me that angry, but a $35 eighth under the same name? That’s a different story.
Candace doesn’t particularly like sleeping outside, whether in the heat of the summer or the frigid winter. But as one of Aurora’s estimated 500 individuals experiencing homelessness, she doesn’t have much of a choice. The city’s only homeless shelter requires that its guests leave early in the morning, and after a bad night’s sleep in the crowded space, Candace is forced to sleep wherever she can outside.
Colorado’s cannabis industry continued to churn in May, the twelfth consecutive month in which marijuana sales topped $100 million in this state.
BDS Analytics calculates that the state’s marijuana revenue tax data for May, just released by the Colorado Department of Revenue, shows that medical and recreational marijuana sales combined account for nearly $127.7 million. Recreational sales in May reached over $90.1 million, while medical sales brought in a little more than $37.5 million.
Dear Stoner: I was looking for a specific type of edible candy last weekend. I couldn’t find it after trips to several dispensaries, even though all of these places had the edible I wanted listed on their website. Why is it so hard to find my favorite pot products? It’s like that with vape cartridges and drinks, too.
J.
Next year’s Harvest promises to be quite a bounty.
Harvest of Arizona, the Tempe-based medical-marijuana dispensary company with retail shops in Tempe and Scottsdale, announced a merger Tuesday that would make it one of the largest players in the growing industry.
In theory, the deal could benefit to the state’s 115,000 registered patients by lowering prices.
Harvest has merged with Arizona cultivator Modern Flower, currently the state’s “leading wholesale supplier,” the company said in a news release, adding that the company will soon become “the largest medical marijuana operator in Arizona.” Phoenix New Times has the story…
Brewbudz, a line of cannabis-infused K-cups in development for over a year, has finally landed in marijuana dispensaries. Unfortunately for wake-and-bakers in Colorado, all of those dispensaries are in Nevada – but not for long.
The edibles brand debuted in Nevada today during that state’s first fortnight of recreational sales, but according to one of the company’s directors, Brewbudz is in the process of securing a manufacturer in Colorado and should be in dispensaries here a few months after. Will it be worth the wait?