Colorado

A marijuana cultivation and production facility in Palatka will terminate 113 employees just weeks after the facility and its assets were bought by a California-based cannabis delivery company. DP Holdings Colorado, LLC, which formerly did business as Green Dragon, announced the terminations in a

On a quarter-to-date (QTD) basis, sales reached $245 million for July and August, up 5%. According to a recent report from Beacon Securities, cannabis sales in Colorado and Connecticut are showing mixed results, reflecting both growth and challenges in the legal cannabis market. Colorado Sales Up 5%

Colorado's marijuana sales and tax revenue are back on the decline after a hopeful end to 2023, indicating there's more fueling the market than simply recovering from the pandemic. The falling demand is largely due to two main factors: decreased consumption following a pandemic-fueled surge and the

Cannabis companies underpaying or withholding taxes based on presumed nullification of Internal Revenue Code Section 280E after rescheduling are setting themselves up for costly disappointment and the potential for asset seizure, according to an attorney at the Internal Revenue Service (IRS). Senior

Marijuana Prohibited at Denver International Airport Despite Colorado’s Legalization Laws. Cannabis has been legal for medical use in Colorado since 2000 and for recreational use since 2012 for those aged 21 and over. But what about the airport? Are people permitted to carry or smoke marijuana at

When cannabis is rescheduled, states can look to Colorado and Washington for ideas on how to regulate it. The U.S. Drug Enforcement Administration has made moves to reclassify marijuana, making it a type of legal but regulated medicine, like Tylenol with codeine or some steroids. With the

Denver's Marijuana Revenue Drops to $48,1 Million as Industry Faces Challenges. The new city of Denver licensing bulletin said marijuana revenue from taxes and licensing fees was $48.1 million in 2023, a decrease from the peak of $72.6 million in 2021. The report found that $7.95 million supports

When it opens on Sept 14, Pure Elevations will be among the city’s first public consumption spaces. Denver’s first cannabis spa is almost ready to start serving locals R&R – as in reefer and relaxation. When it opens on Sept. 14, Pure Elevations Canna-Spa & Salon (185 S. Santa Fe Drive) will be

Mike Tyson Launches Boxing Glove-Shaped Cannabis Gummies. Heavyweight champion and cannabis entrepreneur Mike Tyson on Tuesday launched a new version of his weed gummies from his company Tyson 2.0, this time shaped like a boxing glove. Tyson made headlines in 2022 with his marijuana gummies shaped

Colorado Springs residents could see competing recreational marijuana ballot questions in November. The Colorado Springs City Council voted 8 to 1 to send a question to the ballot that would ban recreational marijuana stores in the city's charter. A charter amendment would trump a city ordinance

Colorado Marijuana Industry Pushes for Public Event Sales and Consumption. Colorado's marijuana industry is renewing its push to be treated like alcohol with sales and consumption allowed at public events like Red Rocks concerts. The big picture: The effort is part of a broader initiative to right

The average market rate for unprocessed marijuana dropped as of July 1, according to the latest rates set by the Colorado Department of Revenue. New market rates, which went into effect July 1, dropped for nearly all areas of the market, including unprocessed buds, bud allocated for extraction, trim