Colorado Medical Cannabis Business & Marijuana Legal News

Colorado lawmakers pass bill adding PTSD to MMJ conditions list

John Schroyer  | April 26, 2017

The Colorado Legislature has approved a bill that would add post-traumatic stress disorder to its list of medical ailments that qualify patients for medical marijuana, a move that could provide a shot in the arm to the state’s MMJ industry.

The state Senate signed off on the measure Tuesday, and the bill now heads to …

Chart: Colorado marijuana sales off to strong start in 2017

Eli McVey  | April 24, 2017

By Eli McVey

Colorado’s marijuana industry – one of the most mature in the nation – continues to thrive, posting record-setting sales figures through the first two months of 2017.

Combined sales of medical and recreational marijuana in January and February 2017 totaled over $235 million, up 30% from the same period in 2016.

Cannabis banking still unpredictable: Q&A with Colorado Bank Commissioner Chris Myklebust

John Schroyer  | April 20, 2017

By John Schroyer

Colorado State Bank Commissioner Chris Myklebust flew to Washington DC in March to meet with a group of state bank regulators.

He also met with U.S. Sen. Cory Gardner, a Colorado Republican, and a staffer for U.S. Rep. Ed Perlmutter, a Colorado Democrat. He brought up cannabis banking, and was encouraged.

Colorado lawmakers abandon plans to regulate cannabis clubs

Kevin Huhn  | April 13, 2017

Colorado lawmakers backed off plans to regulate marijuana clubs, saying the state would invite a federal crackdown by approving Amsterdam-style cannabis clubs.

The state House voted Thursday to amend a bill that would have set rules for how private marijuana clubs could work.

It was a dramatic reversal. Bring-your-own-MJ clubs had bipartisan support in the Colorado Legislature, …

Three cannabis companies raise over $7 million

John Schroyer  | April 13, 2017

It’s money week in the cannabis industry: Three Colorado-based ancillary marijuana companies announced multimillion-dollar capital raises totaling $7.35 million.

BDS Analytics on Monday revealed it had successfully completed a $2.1 million round of fundraising from investors, BizWest reported. The capital influx will be spent on expanding the data analytics firm’s sales and marketing …

Colorado cannabis cultivation curbs may benefit legal MJ firms

Omar Sacirbey  | April 11, 2017

Colorado lawmakers have passed two measures they believe will curb illicit marijuana cultivation and potentially send more consumers to legal cannabis retailers.

The state Senate unanimously passed a bill Monday prohibiting people in co-ops from growing recreational cannabis for others, the Associated Press reported. The House already had passed the legislation.

The bill …

Report: DOJ gathering intel on state marijuana cases

John Schroyer  | March 31, 2017

The Department of Justice is apparently gathering information from at least the Colorado attorney general's office regarding criminal marijuana investigations.

A records request filed with the DOJ by the International Business Times yielded an email from a Drug Enforcement Administration official to Michael Melito, a lawyer with the Colorado attorney general's office, in which the DEA …

Court-appointed receivers an option for troubled marijuana companies

John Schroyer  | March 22, 2017

By John Schroyer

Business partnerships in the cannabis industry have become increasingly common. But what happens when such a partnership goes down the tubes and the parties wind up in court?

In that situation, who’s left to run day-to-day operations?