Colorado Medical Cannabis Business & Marijuana Legal News

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?

Cannabis public use measures could spur MJ sales, businesses

Bart Schaneman  | March 16, 2017

By Bart Schaneman

From Alaska to Massachusetts, a number of states are weighing measures to allow people to consume cannabis in public places such as clubs and other venues.

Legalizing cannabis clubs and other venues for public consumption could spur MJ sales and create new business opportunities, said industry officials.

Cannabis marketing platform gets $1.6M in added funding

Bart Schaneman  | March 14, 2017

Baker, a Denver-based software provider that links cannabis dispensaries with their customers, announced it has secured $1.6 million since an August seed round, bringing its total funding to $3.5 million.

Poseidon Asset Management, a marijuana-focused investment management firm in San Francisco, led the funding round. Other funders were chiefly existing investors, including serial entrepreneur Michael Lazerow …