Colorado Medical Cannabis Business & Marijuana Legal News

Week in Review: Cannabis banking confusion, medical marijuana vs. opioids in NY & MMJ defeat in US Tax Court

Landmark news comes from Canada this week as it becomes the first G-20 nation to legalize recreational cannabis. Read more about that here.

In the United States, cannabis banking reform advocates get mixed signals, New York plans to allow the use of medical marijuana in lieu of opioids, and U.S. Tax Court denies a Colorado MMJ company’s business deductions.

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MassRoots pivots again, offers medical marijuana dispensary portal

Marijuana social media company MassRoots announced Wednesday that it will offer a revamped dispensary business portal for a subscription fee, with the hope the move will generate more revenue and growth for the struggling firm. In a news release, Denver-based MassRoots said the subscriptions – which start at $420 a month per outlet with a […]

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Denver cannabis tour bus operators zapped with legal citations

The cases involving two Denver marijuana tour bus operators that were hit with legal citations underscore the regulatory complexities facing such businesses and the fact that local authorities continue to keep a close eye on MJ companies. Cannabis tour buses in Denver are allowed to operate – and allow marijuana consumption – provided they stay […]

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US Tax Court nixes non-marijuana deductions by medical MJ company

A U.S. Tax Court judge asserted in a recently released decision that the owner of a Colorado medical marijuana business wasn’t entitled to take business deductions for her expenses in selling non-cannabis accessory merchandise such as pipes and papers. The decision against the owner of the defunct Altermeds in Louisville, Colorado, is another shot across […]

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Week in Review: Colorado’s flat marijuana sales, Nevada’s new MJ opportunities & Alaska’s cannabis tax ideas

Monthly cannabis sales in Colorado are flat for the first time since the state launched adult use, Nevada offers a select group additional opportunities in its recreational market, and Alaska weighs the idea of a new excise tax tier for marijuana cultivators. Here’s a closer look at some notable developments in the cannabis industry over the […]

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Colorado sees first flat monthly marijuana sales in April; MMJ fall continues

Total marijuana sales in Colorado were flat in April on a year-over-year basis for the first time since the state launched its recreational market in 2014, reflecting a continued decline in medical cannabis sales. The data is compiled by the Colorado Department of Revenue. The department’s data shows April 2018 sales in Colorado of both medical […]

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Colorado law will now allow CBD prescriptions

Colorado’s governor has signed into a law a bill to allows physicians to prescribe CBD medicines that have been approved by the U.S. Food and Drug Administration.

The FDA’s ruling is expected in a matter of weeks.

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Colorado gov’s veto could drive marijuana businesses out of state, officials warn

After Colorado Gov. John Hickenlooper quashed a bill that would have allowed publicly traded companies to invest in the state’s marijuana industry, local cannabis companies are threatening to move to other states.

Cannabis industry representatives joined state lawmakers and patient advocates at a news conference Thursday to voice their displeasure with the governor’s vetoes of three marijuana-related bills the industry supported, the Denver Business Journal reported.

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Week in Review: Smokable flower in Florida, cannabis investing in Colorado & MMJ software woes in Maryland

A judge allows smokable medical marijuana in Florida, Colorado’s governor vetoes a bill to allow publicly traded companies to invest in cannabis businesses, and Maryland’s MMJ program experiences tracking software problems. Here’s a closer look at some notable developments in the cannabis industry over the past week. Smoking’s OK – or is it? Allowing the […]

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Marijuana businesses swarm Colorado’s Sponsor-a-Highway program

Cannabis businesses in Colorado – which are saddled with restrictive advertising rules – are flocking to the state’s Sponsor a Highway program. The program covers 287 miles of highway. Roughly half of that – or 140 miles – are sponsored by marijuana businesses, Denver alt-weekly Westword reported. Participating companies are required to clean up their […]

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Colorado gov rejects publicly traded companies investing in marijuana businesses

Colorado Gov. John Hickenlooper is a successful businessperson-turned-politician known for his pro-business stance. But the Democrat delivered a second blow to marijuana entrepreneurs Tuesday when he vetoed a bill that would have allowed publicly traded companies to invest in the state’s MJ industry. The veto came just a day after he rejected legislation that would […]

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