Colorado has allowed retail marijuana sales for over six years, but pot prices have yet to find their footing. Now, one dispensary chain says that it can guarantee a cheap price point for customers.
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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.
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.
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, 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.
Many American farmers were handed seeds of opportunity in October, when the United States Department of Agriculture released its much-anticipated regulations for farming hemp. The new federal rules came nearly a year after Congress legalized hemp farming, and almost half a decade after the Colorado Department of Agriculture established its own program for farming hemp. And this state’s rules don’t exactly line up with the ones just announced by the feds.
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.
As chemists try to attain precise effects, cannabis has been modified into specified chemical structures. Some of these forms of THC, the main compound responsible for marijuana’s intoxicating effects, aren’t even produced naturally in the plant.
According to a recent survey published by the Grocery Manufacturers Association, over 75 percent of Americans assume that commercial CBD products are regulated by the Food and Drug Administration — which is not true.