Colorado Medical Cannabis Business & Marijuana Legal News

Chart: More growers, lower wholesale prices in Colorado’s recreational marijuana market

Eli McVey  | September 18, 2017

By Eli McVey

The Average Market Rate (AMR) for a pound of wholesale marijuana in Colorado’s recreational market has hit an all-time low, pushed down by the continuous flow of new cultivation facilities coming online, increased efficiency among existing growers and a rising number of outdoor grow operations.

Colorado marijuana banker has plans for a national network

Omar Sacirbey  | September 14, 2017

By Omar Sacirbey

A Colorado-based credit union believes it may have the solution to marijuana businesses’ banking issues, one that it hopes will be available in six states by the end of this year and about 20 by the end of 2018.

Tuatara invests $3.3 million in Colorado cannabis extracts firm

Bart Schaneman  | September 13, 2017

Tuatara Capital, a New York-based canna-centric investment private equity fund, has invested $3.3 million in marijuana extracts company Green Dot Labs.

Boulder, Colorado-based Green Dot Labs initially had sought raise $2.6 million in its Series A round, but Tuatara supplied all of the funding – and then some – a spokeswoman for …

Marijuana executives making push into mainstream politics

John Schroyer  | September 7, 2017

By John Schroyer

Cannabis entrepreneur Todd Mitchem announced in a late-August email blast that he’s running for Congress, and the subject line even referred to the Coloradan as a “marijuana industry leader.”

He’s one of at least five current candidates for public office around the United States who have direct professional connections to marijuana.

Dixie Brands pulling out of Arizona medical cannabis market

John Schroyer  | August 29, 2017

Colorado-based Dixie Brands, a major multistate edibles producer, is poised to pull out of Arizona indefinitely after entering the medical marijuana market there roughly a year ago.

“As of September 1, we will officially be out of the Arizona market,” a company executive wrote in an email to Dixie distributors in Arizona. Marijuana Business Daily obtained …

Congressmen question DOJ’s decision to halt cannabis research

Bart Schaneman  | August 25, 2017

A group of congressmen from states with legal medical or recreational marijuana programs sent a letter to Attorney General Jeff Sessions challenging the Department of Justice’s move to stop researching cannabis.

According to the Denver Post, Reps. Jared Polis, D-Colorado; Matt Gaetz, R-Florida; Dana Rohrabacher, R-California; and Earl Blumenauer, D-Oregon, cited a …

Week in Review: Privateer’s big marijuana raise, Dixie’s edibles recall & a Roger Stone-spurred boycott

John Schroyer  | August 25, 2017

By Bart Schaneman and John Schroyer

Privateer Holdings raises $58 million for expansion of marijuana facilities, Dixie Elixirs recalls some edibles products, and Roger Stone’s role as a keynote speaker leads to boycotts of a cannabis conference.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Public cannabis consumption in Denver moves a step closer

Kevin Huhn  | August 24, 2017

Denver regulators are accepting applications from businesses seeking to become some of the nation’s first to offer legal public marijuana consumption.

Voters approved a ballot measure in November allowing cannabis consumption at certain public businesses in the city. The four-year pilot program was delayed, however, after the state banned marijuana use at places with …

Colorado marijuana companies brace for flood of cannabis from outdoor grows

Bart Schaneman  | August 24, 2017

By Bart Schaneman

With some of the largest licensed outdoor grow facilities in the country, Pueblo County produces a significant amount of Colorado’s wholesale marijuana – and this year’s harvest could be its biggest.

It’s understandable, then, that indoor and greenhouse wholesale growers across Colorado might be worried about a possible flood of product this fall. 

Dixie Elixirs recalls some marijuana edibles in Colorado

John Schroyer  | August 22, 2017

Dixie Elixirs, one of the biggest names in the edibles business, has issued a voluntary recall for six products in Colorado because of potentially unsafe non-food-grade essential oils.

Left Bank LLC, which does business as Dixie Elixirs in Colorado, recalled four recreational cannabis products and two that are medical, including specific batches of Dixie mints, …