Colorado

High and Dry: A Decade After Legalizing Recreational Marijuana, Colorado Faces Declining Sales and Revenue Ten years after Colorado became the first state in the country to set up a recreational marijuana program, Politico Magazine has documented how sales have decreased, dispensaries and

Businesses are shuttering or laying off workers as sales have plunged by $700 million. On Jan. 1, 2014, Iraq War veteran Sean Azzariti made headlines worldwide as the first person in the U.S. to buy legal weed. More than 10 years later, 3D Cannabis, the dispensary in Denver’s Elyria-Swansea

Safe Harbor Financial Launches Small Business Line of Credit Program for Cannabis Industry. SHF Holdings, Inc., doing business as Safe Harbor Financial — a facilitator of financial services and credit solutions for the cannabis industry — confirmed the formal launch of its new small business line of

DUI’s include marijuana in addition to alcohol. The national public service announcement often heard during commercial breaks, “If you feel different, you drive different,” could be dismissed as background noise. But to driving school instructors, law enforcement and family members, it is

Colorado’s cannabis sales have fallen for a second consecutive month, as the state’s cannabis market continues its decline. According to the latest statistics from Colorado’s Department of Revenue, total cannabis sales in February fell from $115.4m in January 2024 to $114.4m in February. Discounting

Colorado Considers Content Regulation Bill Amidst Concerns Over Social Media Censorship. While lawmakers have recently updated a new piece of legislation that would ban social media users from positively mentioning or promoting cannabis and other drugs, critics argue that the bill’s language is too

A Decade of Cannabis Legalization in Colorado: Financial Impact and Community Perspectives. When cannabis became legal in Colorado more than a decade ago, it quickly turned into a cash cow with sales tax revenue piling up as if the state were printing money. The state taxed the industry heavily

In late 2022, real estate broker Jake Malman listed a former marijuana grow facility at 890 Navajo St, in Denver for $9 million. It would sell for $4.1 million a year later. “The market dictates pricing ultimately, and they beat it down,” said Malman, the owner of Malman Commercial Real Estate

Colorado Cannabis Sales Hold Steady in January, Year-Over-Year Decline Continues. January cannabis sales in Colorado came in flat compared to December, according to data released by the Colorado Department of Revenue. Combined medical and adult-use marijuana sales earned $115.4 million in January

Maggie's Farm, a Longtime Colorado Cannabis Company, Abruptly Closes Several Dispensaries. Longtime Colorado cannabis company Maggie's Farm abruptly closed several of its dispensaries last week, shuttering five stores — including two in Pueblo — and leaving just three open for business. The closures

Grand Junction Grants Extensions for Marijuana Retail Store Openings. Four applicants for retail marijuana stores in Grand Junction received extensions to open at a hearing Wednesday, with two more extension applications still pending. Stores had one year after the lottery held March 31, 2023 to

Colorado Tourism Office Quietly Features Cannabis Businesses on Website. Although not featured on the tourism website’s main page, the Colorado Tourism Office does include a few licensed businesses for tourists to check out. A report from Westword pointed out that the Colorado Tourism Office (CTO)