Colorado Medical Cannabis Business & Marijuana Legal News

Week in Review: CannTrust’s cannabis regulatory woes, Florida MMJ caps, push for Congress’ support of STATES Act & more

CannTrust is zapped by Health Canada for unlicensed cannabis cultivation, Florida’s medical marijuana license caps and vertical integration regulations are ruled unconstitutional, marijuana advocates urge a U.S. Congressional panel to support states-rights marijuana legislation – plus more of the week’s top marijuana business headlines. Bad week for Canadian marijuana grower Ontario company CannTrust was hit […]

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Chart: Sales of cannabis products spiked over Mother’s Day, Father’s Day weekends

Retail data reveals sales spikes in several marijuana categories over Mother’s Day and Father’s Day weekends, highlighting differences in gender-based cannabis gift-giving in states that have legalized adult use. Data from Seattle-based analytics firm Headset shows that sales increased 35% to 80% in several product segments over Father’s Day and Mother’s Day weekends in California, […]

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US Supreme Court declines to hear 280E marijuana tax case

Marijuana businesses hoping to see the end of onerous 280E tax provisions were dealt a setback by the nation’s highest court. The U.S. Supreme Court declined to review a petition brought by a Colorado medical cannabis dispensary challenging the authority of the Internal Revenue Service. Alpenglow Botanicals, based in Breckenridge, argued in its petition to the […]

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Social media challenges continue for cannabis firms – sometimes costing thousands in lost investment

After what seemed to be a brief hiatus, social media giants are once again suspending – and outright deleting – the accounts of marijuana companies. Some industry officials say this is a result of spiteful competitors flagging posts and reporting pages to the platforms’ moderators, costing businesses thousands of dollars in lost time and labor when […]

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Chart: Marijuana store density surpasses Starbucks & McDonald’s in many mature cannabis markets

As competition between cannabis retailers grows, so does the number of stores in mature markets, where the relative density of marijuana shops has surpassed that of Starbucks in many. The recently released Marijuana Business Factbook estimates that in Denver and Portland, Oregon, for example, marijuana retailers outnumber Starbucks by close to double, while in Anchorage, Alaska – […]

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Medicine Man agrees to acquire Colorado’s largest outdoor marijuana grower, manufacturer

Denver-based Medicine Man Technologies agreed to purchase Colorado’s largest outdoor cannabis grower as well as a local manufacturing and dispensary company, saying a new state investment law paved the way for the deals. Terms weren’t disclosed. Medicine Man – a vertically integrated cannabis company – is acquiring cannabis cultivator Los Sueños Farms and MesaPur, a dispensary […]

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New Colorado law allows outsiders to invest in state’s marijuana industry

Colorado Gov. Jared Polis signed a bill Wednesday that for the first time opens the state’s cannabis industry to outside investors. The law is expected to bring new cash flow into Colorado as well as marijuana products from companies that previously were unable to do business in the state. “By permitting access to capital through […]

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CBD maker Charlotte’s Web to start trading on Canada’s top stock exchange

Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX). The company expects to start trading on the TSX on May 31 and will maintain its Canadian Securities Exchange ticker symbol CWEB. The move to the TSX – the world’s ninth-largest exchange in terms of market […]

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Colorado gov inks bill allowing medical marijuana as opioid alternative

Colorado Gov. Jared Polis signed a measure that will allow physicians in the state to recommend medical cannabis in lieu of opioids. The move could buoy sales of medical marijuana, which have declined as purchases of adult-use cannabis have soared. The new law is scheduled to go into effect Aug. 2, the Denver Post reported. In 2017, […]

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Chart: Comparing the price per milligram of THC in cannabis-infused products

Makers of marijuana-infused products can set competitive prices for their edibles, beverages, tinctures, topicals, capsules or sublinguals by looking at the average price per milligram of THC in those products in various markets. Data that shows the average price per milligram of THC can provide some insight into what consumers are willing to pay for […]

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Marijuana industry veteran Ean Seeb tapped to lead Colorado’s MJ policy

Colorado Gov. Jared Polis selected cannabis industry veteran Ean Seeb to lead the state’s cannabis policy. Seeb was co-owner of one of Denver’s original cannabis retailers, Denver Relief, before it was sold. He also was co-founder of Denver Relief Consulting and twice served as chair of the National Cannabis Industry Association. Seeb doesn’t have an […]

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