Colorado Medical Cannabis Business & Marijuana Legal News

Cannabis store burglaries on the rise in Denver

The number of break-ins at Denver marijuana stores hit a three-year high in 2019. Five robberies and 122 burglaries were reported to the Denver Police Department last year. In 2018, marijuana businesses reported one robbery and 120 burglaries, according to the Denver Post. Last September, Denver police warned of an increase in burglaries of marijuana […]

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Recent decisions on tax fines offer ray of hope for cannabis industry around burdens of IRS’ 280E

The U.S. Supreme Court’s decision this week not to consider a Colorado Supreme Court ruling on a tax fine – coupled with dissenting opinions in a recent case involving a California medical marijuana company – could have significant ramifications for the cannabis industry, according to tax experts. Left standing by the U.S. Supreme Court was […]

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Marijuana tech firm Fyllo buys Denver’s CannaRegs for $10 million

Chicago-based Fyllo, a digital marketing firm that focuses on the cannabis industry, on Friday said it has agreed to pay $10 million to acquire Denver-based CannaRegs. CannaRegs provides a web-subscription service and technology platform that offers access to state and municipal cannabis rules and regulations. In February, the company said it secured a $2 million […]

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Colorado ushers in 2020 with new marijuana market opportunities

Potential sales-boosting marijuana laws go into effect in Colorado this week that will permit home delivery of medical marijuana and on-site cannabis consumption, contingent on local approvals. In moves that could improve Colorado’s marijuana business climate: Starting Jan. 1, licenses can be issued for “marijuana hospitality establishments” such as cannabis cafes, dispensary tasting rooms, marijuana […]

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2019’s top US cannabis business stories: Vape crisis, California MJ industry challenges, landmark legalization moves & more

The U.S. cannabis industry experienced some momentous moves forward on the legalization front in 2019, but it also faced significant obstacles that reflected how the licensed marijuana sector is continuing to mature and why it cannot always expect boom times and unfettered growth. The top page views of the year at Marijuana Business Daily show […]

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Chart: Pre-Christmas marijuana product sales increase up to 53%

‘Tis the season for increased holiday spending – and that includes outlays on recreational cannabis products, which saw average category sales increases of more than 50% in 2018 on items designated for both gift-giving and personal consumption. Data from Seattle-based cannabis analytics firm Headset shows that sales in the pre-Christmas week (Dec. 18-Dec. 24) in 2018 […]

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MassRoots’ cannabis website back up, but financial status still uncertain

The website for cannabis technology company MassRoots is back online, but questions linger about the Denver company’s financial condition. MassRoots’ website was down for a number of days in early December, and the company – which is a month late in filing its third-quarter financial report with the U.S. Securities and Exchange Commission – reported losses […]

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How cannabis vape companies are using technology to ensure consumer confidence and bolster sales

The worst days of the vaping crisis are likely behind the state-legal marijuana industry, but many MJ firms are turning to technology to help further boost cannabis vape consumer confidence as well as deal with the dip in sales that followed the health scare. Examples of tech-based solutions available to cannabis companies include: Providing certificates of analysis (COA), […]

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Week in Review: Cannabis banking reform hits snag, recreational MJ goes to New Jersey voters, merger falls through & more

The head of a U.S. Senate banking panel signals marijuana banking reform could take longer than the cannabis industry hoped, legislators in New Jersey agree to put recreational marijuana legalization in front of voters in 2020, another cannabis business merger hits the skids – and more of the week’s top MJ business news. Key US […]

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Wholesale marijuana prices

The median price of a pound of marijuana flower sold or transferred to a retail store in Colorado rose to a record $1,316, according to the most recent state data.

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Denver marijuana tech firm buying Canadian company for $45 million

Denver-based Akerna, a technology cannabis compliance company, on Wednesday said it plans to pay up to $45 million in stock and cash for Canada-based Ample Organics. Ample Organics is a seed-to-sale software company that says it serves more than 70% of Canadian cannabis license holders. For analysis and in-depth looks at the investment trends and […]

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