Tag Archive : cannabis

Denver’s stay-at-home order triggered huge sales – and safety concerns – for city’s cannabis businesses

When Denver Mayor Michael Hancock announced recreational marijuana shops would be forced to close under the city’s stay-at-home order Monday, the response from customers was swift. They swarmed local dispensaries to stock up on products and caused enough of a stir that the mayor rescinded the moratorium just three hours later.

As more counties announce stay-at-home orders that will affect more than 2 million people in the metro area, cannabis industry personnel say it’s worth reflecting on the Denver announcement’s impact — both good and bad.

Colorado Gov. Jared Polis deemed marijuana dispensaries “critical” retail businesses, meaning they’re allowed to remain open during the coronavirus pandemic with some restrictions. If a city or county individually imposes stricter rules on how they operate, however, those will supersede state regulations.

Read the rest of this story on DenverPost.com.

Calls for social distancing spark demand for online cannabis sales

Americans can purchase pet supplies, medication and even alcohol online, so why not marijuana?

That thought is crossing many Coloradans’ minds as calls for the general public to practice social distancing have spurred a trend in online shopping for cannabis products.

On March 16, Terrapin Care Station, which operates six dispensaries throughout the Front Range, saw an 1,800% increase in online sales over the same day a week prior, according to Communications Director Peter Marcus. Historically, online ordering accounted for a fraction of the company’s sales, as consumers preferred to peruse cannabis selections in person to decide what to buy.

Read the rest of this story on DenverPost.com.

Cannabis dispensaries are ‘essential’ businesses in San Jose during coronavirus lockdown, city says

SAN JOSE — Dispensaries and licensed cannabis companies can remain open through the shelter-in-place order issued by Santa Clara and six other counties, the city said Tuesday.

So long as they practice social distancing measures, dispensaries are considered “essential” businesses, confirmed city spokesperson Rosario Neaves.

“In our case in the city, we’re considering medical cannabis a healthcare operation, as long as they comply with the social distancing requirements,” Neaves said Tuesday.

Read the rest of this story on MercuryNews.com.

Denver's annual 4/20 cannabis festival canceled due to coronavirus

Denver’s signature festival that celebrates the stoner holiday of 420 has been canceled.

The post Denver's annual 4/20 cannabis festival canceled due to coronavirus appeared first on The Cannabist.

California passes $1 billion in cannabis tax revenue two years after launching legal market

California has raised $1 billion in cannabis tax revenue since the industry kicked into gear in January 2018, according to figures recently released by the state.

The bulk of that $1.03 billion in tax money, after covering regulatory costs, has been spent on programs such as child care for low income families, cannabis research, public safety grants and cleaning up public lands harmed by illegal marijuana grows.

While industry insiders and advocates are celebrating those numbers, they’re also raising a flag about stagnating revenues and ongoing layoffs. Those hurdles, many say, can be fixed if regulators make key changes, including a seemingly counter intuitive push to lower the state’s cannabis tax rate.

Read the rest of this story on ocregister.com.

Cannabis giant Curaleaf to acquire Colorado edibles maker BlueKudu

A Denver-based edibles manufacturer is being scooped up by a multi-state marijuana company in one of the year’s first local business acquisitions.

Courtesy Blue KuduCannabis giant Curaleaf is set to acquire BlueKudu, the Denver-based maker of edible marijuana products, including these infused gummies

Cannabis giant Curaleaf is set to acquire BlueKudu, which is known for its infused chocolates and gummies, according to an announcement Monday. Curaleaf, based in Wakefield, Mass., currently operates dispensaries, cultivations and processing plants in 14 states; this move marks its first foray into the Colorado market.

Read the rest of this story on DenverPost.com.

Colorado’s first licensed cannabis R&D firm to study marijuana’s effect on Alzheimer’s disease

A Denver-based company hopes to be the state’s first to study the effects of marijuana on Alzheimer’s disease, thanks to a newly available research and development license in the city.

MedPharm Holdings plans to apply for a Denver marijuana R&D license to test delta-9 tetrahydrocannabinol (THC), cannabidiol (CBD) and other cannabinoids’ effects on Alzheimer’s and dementia patients.

According to the Alzheimer’s Association, 5.8 million Americans have the disease, a degenerative brain disorder that affects a person’s memory and thinking skills. While there are drugs that help ease symptoms, they do not change the course of the disease.

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Making cannabis normal at Oakland’s NUG

It takes a lot of courage to start your own business.

Taking an idea from concept to reality, and dealing with everything from finding a location for the business, keeping up with inventory, learning about distribution and making payroll can test the mettle of the most-confident entrepreneur.

Now, consider doing all of that in a nascent industry that is dealing with all kinds of new governmental regulations, trying to shed a public stigma and is, well, known for the aroma of a certain type of plant.

Read the rest of this story on MercuryNews.com.

Why cannabis sponsors the cleanup of more Colorado highway miles than any other industry

Cannabis companies are the leading sponsors of Colorado highways, accounting for cleanup on two-thirds of the roads maintained by Clean Colorado — a program the industry has leveraged as a loophole in the state’s strict limits on marijuana advertising.

Currently, 51 cannabis dispensaries, cultivators, manufacturers and edible producers sponsor roadways throughout the state, according to data from the Adopt a Highway Maintenance Corporation.

Though they represent less than half of all organizations that participate in the Clean Colorado program, those cannabis firms’ reach spans about 198 miles, or 66% of the roads actively sponsored.

Read the rest of this story on DenverPost.com.

State cannabis regulations remain complex, but growers steadily becoming compliant

Save for a few adjustments in state laws, a cannabis permitting workshop in Fortuna on Wednesday carried out in exactly the same way as another workshop 18 months prior — each serving as an effective how-to on becoming legally compliant with California’s pot regulations.

But for state officials walking attendees through the ins and outs of state policies, there’s one evident distinction between past and present workshops: whereas an August 2018 event packed the River Lodge with 100 growers and consultants, only about 15 people showed up to Wednesday’s occasion.

Janice Mackey, a public information manager for the state Department of Fish and Wildlife, said the decline in attendance signals good news that more and more cannabis growers are coming into compliance with California’s legal system.

Read the rest of this story on Times-Standard.com.