Colorado Medical Cannabis Business & Marijuana Legal News

Chart: Sales growth slowing in Colorado’s recreational marijuana market

Recreational marijuana sales in Colorado are continuing to grow, but at a slower pace – another sign that the nation’s oldest adult-use market is reaching maturity. Despite a couple of record-setting months in 2017 – when sales eclipsed $100 million – the sales gains for Colorado’s rec market have been shrinking over the past three […]

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Colorado company develops first US-bred hemp seed variety

A Colorado cannabis company has developed the first hemp seed bred entirely in the United States in the modern era, according to the state’s agriculture department. The Colorado Department of Agriculture said the seed variety, called NWG-Elite, was developed by New West Genetics, a cannabis biotechnology company in Fort Collins. “This is the first U.S.-bred […]

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19 attorneys general urge Congress to give cannabis states access to banking

A letter to 10 major Congressional leaders from 19 attorneys general asks Congress to push through legislation that would allow states with medical or recreational marijuana laws to bank as other business do. The group suggests that Congress give special attention to measures such as the Secure and Fair Enforcement Banking Act (SAFE). Congressman Ed Perlmutter, D-Colorado, introduced […]

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Cannabis compliance firm Simplifya secures first stage of $3 million raise

At a time when adhering to regulations is key for marijuana businesses, Denver-based compliance software company Simplifya has secured $1 million in the first stage of a Series B funding round. Simplifya said it has additional investors lined up to close a total funding round of $3 million. According to a news release, the raise was […]

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Week in Review: New York medical cannabis, the future of Colorado hemp & Maryland banking

New York approves an expanded line of medical marijuana products, a Colorado hemp producer departs for Arkansas, and a Maryland credit union welcomes MMJ businesses. Here’s a closer look at some notable developments in the marijuana industry over the past week. New York blues It’s bullish news that one of New York’s licensed medical marijuana […]

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Colorado hemp producer leaving for Arkansas’ new market

A hemp grower and CBD manufacturer in Denver is shifting operations to Arkansas, which will allow hemp cultivation and processing for the first time this year. Tree of Life Seeds is owned by Arkansas natives who said they set up shop in Colorado in 2015 to learn the ins and outs of the hemp industry. […]

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Colorado marijuana edibles maker Wana Brands expands into Arizona

As the first step of a plan to expand into six marijuana states in 2018, edibles maker Wana Brands has established a presence in Arizona.

According to a news release, the Colorado company’s gummies are now available in medical cannabis dispensaries throughout the state.

Wana Brands’ products will be manufactured and distributed through an agreement with AltMed Arizona.

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Industry insiders, state officials in recreational cannabis markets vow to stay the course

Prominent figures from the nine recreational marijuana markets in the United States reacted defiantly to the announcement that Attorney General Jeff Sessions is throwing out Obama-era protections for the legalized cannabis industry. From Alaska to Maine, industry insiders in states with legal adult-use programs and politicians from both sides of the aisle spoke out against the action. But […]

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US prosecutor in Colorado signals no change in stance toward marijuana businesses

The top federal prosecutor in Colorado indicated his office is unlikely to make any major changes in its enforcement stance toward legal marijuana businesses operating across the state. U.S. Attorney Bob Troyer of the District of Colorado said his office’s policies already mesh with those outlined Thursday by Attorney General Jeff Sessions – and that […]

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Water access poses big risk for many hemp growers in 2018

Confusion at the federal level about water is causing a huge dilemma for hemp producers: Licensing deadlines are fast approaching in many states, but farmers don’t know if they’ll be able to irrigate their crops. That’s because the nation’s largest wholesale supplier of water – the U.S. Bureau of Reclamation – won’t allow its water to […]

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MassRoots creates blockchain subsidiary in bid to increase marijuana efficiencies

Colorado-based cannabis technology company MassRoots on Friday announced it has formed a subsidiary that will focus on blockchain-based digital ledgers. The new division, MassRoots Blockchain Technologies, will employ the same staffers as the parent company, MassRoots CEO and founder Isaac Dietrich told Marijuana Business Daily. Blockchain technology is a digital ledger, or database, that continuously stores […]

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Charges for 10 budtenders at Colorado retail cannabis chain Sweet Leaf

Ten employees of a legal Colorado marijuana retail chain shut down by Denver authorities earlier this month face charges for allegedly selling too much cannabis in repeated sales to the same people. Sweet Leaf is one of the largest marijuana retail chains in the industry. Police raided the company’s stores Dec. 14, suspending all 26 of […]

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