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.
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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.
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.
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 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.
Colorado’s fluctuating marijuana prices may have found some stability, according to the latest data from the state Department of Revenue. The DOR’s official estimate for the average price per pound of marijuana flower in Colorado has risen slightly for the fourth straight time, up to $850 as of July 1.
Gather round the joint circle, boys and girls, we’ve got a scary story: What if we told you that joint in your hands came from a moldy jungle of Petri dish pot? Unlikely, but possible.
Colorado’s billion-dollar marijuana industry is about to welcome some deeper pockets into the game, but first it needs to create rules to play by.
Running a family business brings its own challenges, but adding the trials and tribulations that surround legal cannabis can create headaches no amount of weed can burn away. Alex and Jake Pasternack, the brothers behind Binske, have been able to clear the smoke and transcend it, creating a versatile cannabis brand in four states, with a heavy presence in Colorado.
If America’s legal cannabis movement is going to be successful, it needs support from both of the major political parties and from people like Dan Anglin, a former U.S. Marine turned Republican lobbyist turned edibles entrepreneur. A veteran of Desert Storm as well as the early days of cannabis legalization in Colorado, Anglin has seen — and helped usher in — significant changes to laws and regulations surrounding cannabis edibles, while also starting a national brand of his own.