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Browsing: Cannabusiness

4/20 All Smoke? Colorado Marijuana Sales Dip in April.

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By on Cannabusiness, Dispensaries, Say what?

Despite the 4/20 holiday on April 20, Colorado dispensary sales dropped in April from March, according to new data from the state Department of Revenue.

While 4/20 is known for dispensary discounts reminiscent of those on Black Friday and lines of shoppers attracted by those deals, April’s monthly tally of $135.9 million in marijuana sales represented a 5.5 percent drop from the $142.4 million collected in March. Does that mean 4/20’s reputation is all smoke?

Medicine Man Agrees to Buy Country’s Largest Outdoor Marijuana Farm

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By on Cannabusiness, Dispensaries

Well, that didn’t take long: Less than a week after Colorado Governor Jared Polis signed a bill that expanded marijuana business investment opportunities for publicly traded companies, venture capitalists and private equity firms, one of the state’s largest pot corporations announced plans to scoop up two commercial marijuana operations, including the largest legal outdoor cultivation in North America.

On June 5, Medicine Man Technologies announced that it had reached binding agreements with Los Sueños Farms, an outdoor marijuana farm on 36 acres outside Pueblo, as well as Mesa Organics Ltd, which owns a commercial cultivation, dispensary and extraction facility in Pueblo.

Denver University Students Learn How to Pitch Marijuana Businesses

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By on Cannabusiness, Say what?

Cannabis continues to gain influence, not only in new business ventures, but in college education, too. Just take a peak inside professor Paul Seaborn’s Business of Marijuana course, where students at the Daniels College of Business at the University of Denver took part in a potrepreneur pitch competition June 4.

Five teams of undergraduate and graduate DU students proposed new business ideas to a panel of cannabis industry judges comprised of Julie Berliner, founder and CEO of edible company Sweet Grass Kitchen, Mark Grindeland, CEO and co-founder of Coda Signature edibles and Carter Davidson, an executive at Vangst recruiting and staffing.

Can Micro Business Licenses Diversify the Marijuana Industry?

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By on Cannabusiness, Follow that story, Legislation

The conversations around social equity in the Colorado cannabis industry may have started late, but a new category of business licenses could help expand diversity in this state’s pot industry.

When Governor Jared Polis signed Senate Bill 224 last month, he approved a long list of updated cannabis-industry regulations. Among SB 224’s many changes to the commercial pot industry was its creation of accelerator business licenses, reserved for people from low-income areas of Colorado who want to start their own cannabis business but don’t have industry connections or access to funding. Known as micro licenses around the industry, they would allow startup businesses to use the facilities of established pot companies as they research and create their own cannabis products, which they would completely own.

Colorado Marijuana Advocates Won Big in 2019

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By on Cannabusiness, Dispensaries, Follow that story, Legislation

With a few strokes of his pen, Governor Jared Polis ushered in the most change to Colorado’s marijuana landscape in a single day since voters approved recreational pot in 2012.

Inside a sweaty, packed governor’s office at the Capitol on Wednesday, May 29, Polis approved bills that legalized social marijuana consumption, commercial delivery and opened the state’s pot industry up to public investors, as well as measures that significantly overhauled and expanded both the medical and recreational marijuana sectors.

Governor Jared Polis Signs Bill Legalizing Social Marijuana Use Areas

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By on Cannabusiness, Culture, Legislation

Marijuana cafes, lounges, dispensary tasting rooms and other social-use businesses will soon be legal in Colorado, now that Governor Jared Polis has signed a bill that regulates social pot consumption.

“Colorado has many tourists and residents who choose to participate [in legal cannabis use]. Up until this bill, there’s been no way to have safe public consumption,” Polis said before signing the bill on May 29. “I’ve smelled it walking my dog. For many of us with kids, we want to make sure we don’t have that in our neighborhoods.”

Hemp Companies Call Out Facebook’s Advertising Policy

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By on Cannabusiness, Hemp, Media

A coalition of hemp businesses are calling out two of the country’s most popular social media platforms for what they believe are unfair advertising policies. According to the Hemp Industries Association, algorithms lumping the plant into the same category as marijuana have prevented industrial hemp companies from advertising on Facebook and Instagram.

Although the 2018 federal Farm Bill legalized hemp for farming at the end of last year, there’s still plenty of confusion about the non-intoxicating version of marijuana, particularly with traditional media like television. But social media companies — a relatively new form of media — have also frustrated the emerging industry by deleting certain profiles and prohibiting hemp companies from advertising.

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