Colorado Medical Cannabis Business & Marijuana Legal News

Colorado Springs Shuttering Nine Cannabis Clubs

Omar Sacirbey  | September 21, 2016

The city of Colorado Springs has ordered nine cannabis consumption clubs to shut their doors.

It is the first crackdown on cannabis clubs since the Colorado municipality’s city council enacted a ban on the clubs on March 22, according to the Colorado Springs Gazette.

Some clubs are appealing the cease-and-desist orders, while others are …

Cannabis Pod Company Execs Face Fraud Charges

Omar Sacirbey  | September 19, 2016

The U.S. Attorney’s Office for Colorado has charged two men who ran a Denver-area company that transformed shipping containers into growing pods for food and cannabis with securities fraud, mail fraud and wire fraud.

William Sears, 50, and Scott Dittman, 47, were also barred from securities trading,  the Denver Business Journal reported. Their company …

Cannabis Infrastructure Firm Raises $4M for Greenhouse Facility

Omar Sacirbey  | September 14, 2016

A Denver-based cannabis infrastructure and logistics firm has raised $4 million of a targeted $7 million to build its second greenhouse as well as an extraction facility and warehouse in southern Colorado, in Pueblo County.

GrowCo already operates one greenhouse at its 160-acre site in Pueblo County. Earlier this month it applied for a new …

Marijuana Lounge Initiative Fails to Make Denver Ballot

John Schroyer  | August 30, 2016

A movement to legalize cannabis clubs in Denver has failed to make the November ballot, but a second ballot initiative to allow marijuana use in some bars and other businesses could still be placed before voters.

The Denver chapter of NORML failed to make the ballot with its pro-marijuana lounge initiative, having turned …

Landing a Bank Account: Q&A With Sundie Seefried of Partners Colorado Credit Union

Omar Sacirbey  | August 25, 2016

By Omar Sacirbey

Sundie Seefried was ready to retire as CEO of a Colorado credit union when some lawyer friends asked why she couldn’t bank their marijuana business clients.

Good question, she thought. Seefried met with bankers, lawyers and cannabis business owners. What she learned scared her out of retiring.

Canna-Centric Software Company Nets $1.6 Million in Seed Funding

Omar Sacirbey  | August 5, 2016

Baker, a Denver-based customer-engagement software company for marijuana dispensaries and edibles brands, announced on Friday it has landed $1.6 million in seed funding.

The funding round was led by Michael Lazerow, founder of Golf.com and Buddy Media, a social marketing software company purchased by another customer-relationship management business, Salesforce, for $800 million.

Other investors include …

Pioneering Denver MJ Business Sold to Willie’s Reserve Processor

Omar Sacirbey  | August 4, 2016

The owners of a pioneering recreational and medical cannabis business, Denver Relief, announced the sale today of their cultivation and infused products facilities to CMH Brands, a Colorado company tapped by Willie’s Reserve to process its marijuana products.

The sale comes two weeks after Denver Relief, founded in 2009, sold its retail store …

CO Online Wholesaler Partnering With Cannabis Software Firms

John Schroyer  | August 1, 2016

Colorado-based online wholesale platform Cannabase has entered into exclusive partnerships with seed-to-sale tracking software companies MJ Freeway and BioTrackTHC.

The partnership, announced by the companies, will bring new weight to Cannabase’s pricing and inventory information, given that it will now be backed by MJ Freeway’s and BioTrackTHC’s data. In a pair …