Colorado Medical Cannabis Business & Marijuana Legal News


Denver medical marijuana dispensary loses to IRS in court

A medical cannabis dispensary in Denver lost an appellate court battle to prevent the IRS from obtaining business records from state regulators. The U.S. Court of Appeals for the 10th Circuit ruled that an IRS auditor did not act in a way that was “overbroad” or “violated the rights” of the four owners of Standing Akimbo, Colorado […]

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Massachusetts gov sued over closure of recreational cannabis stores

A handful of adult-use marijuana businesses on Wednesday sued Massachusetts’ governor, seeking a reversal of his executive order requiring recreational cannabis stores to close during the COVID-19 crisis. The lawsuit calls unconstitutional a decision by Republican Gov. Charlie Baker that adult-use marijuana stores are nonessential businesses and must remain closed until May 4. The lawsuit, filed in […]

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Chart: Coronavirus takes its toll on March adult-use marijuana sales

Recreational marijuana sales in four key markets decelerated in March as the COVID-19 crisis continues to disrupt both the cannabis industry and the broader U.S. economy. According to point-of-sale data provided by Seattle-based Headset, recreational cannabis sales in Colorado and Nevada declined from March 2019 to March 2020, the first time that monthly adult-use sales […]

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Colorado eases hiring process for cannabis firms eyeing casino workers

In a positive business development for Colorado’s marijuana industry, state regulators are allowing cannabis companies to hire casino workers during the coronavirus crisis without having to obtain any additional credentials. The Colorado Marijuana Enforcement Division established the emergency rule easing hiring requirements for the state’s marijuana businesses because casino employees and cannabis workers undergo similar background checks, MED […]

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Cannabis vaping firms nearly recovered from vape health scare, but COVID-19 concerns loom

Marijuana vaporizer companies are on the rebound since last summer’s vaping health crisis, reporting that sales numbers are largely back to normal despite concerns around the COVID-19 pandemic and its impact on consumer behavior as well as the supply chain. Seattle-based data analytics firm Headset found that all four of the U.S. markets it tracks […]

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Week in Review: Marijuana firms cut costs amid COVID-19, L.A. cannabis licensing audit, NYSE aims to delist CannTrust & more

Three multistate marijuana operators – 4Front Ventures, MedMen Enterprises and Acreage Holdings – announced cutbacks in bids to accelerate their paths toward profitability, even as some experts questioned the overall financial strength of the industry amid the coronavirus crisis and a contracting economic climate. MJBizDaily takeaway: There have been plenty of shakeups recently at the C-suite level […]

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MJBizDaily podcast: Marijuana firms pivot to virtual 4/20 events, New York adult-use cannabis appears stalled and more

Cannabis companies are hosting virtual 4/20 events amid COVID-19 concerns, instead of the usual monthlong parties and celebrations. Some of the other top headlines addressed in this week’s MJBizDaily podcast include: New York adult-use marijuana legalization appears stalled Colorado marijuana retailers get OK to resume in-store sales Los Angeles cannabis licensing audit finds flawed process, no […]

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Denver man sues cannabis firm for alleged spamming

A Denver man filed a lawsuit alleging that the operator of marijuana stores in Colorado, Massachusetts and Nevada violated federal telemarketing law by sending him promotional text messages without his permission. In a proposed class action suit, Bryce Abbink sued Denver-based Good Chemistry for the alleged spam promotions. According to the 13-page lawsuit, the “alleged Class […]

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Recreational cannabis sales in three key markets still falling after initial coronavirus-related spike

Despite a couple of temporary sales spikes in recent weeks, adult-use cannabis sales in California, Colorado and Washington state are all suffering from the economic fallout surrounding the coronavirus pandemic. According to point-of-sale data provided by Seattle-based Headset, adult-use cannabis sales were less than those for the same day in 2019 for six consecutive days […]

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Colorado marijuana retailers get OK to resume in-store sales

Colorado regulators delivered good news to the state’s recreational cannabis store operators: They can resume selling their products inside their storefronts. The state Marijuana Enforcement Division (MED) bulletin informing cannabis businesses they can allow customers in their stores comes days after the governor told retailers to limit transactions to curbside pickups in an effort to reduce the […]

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Some cannabis businesses add employees, others mull layoffs in response to coronavirus crisis

Marijuana businesses navigating staffing issues during the COVID-19 outbreak are taking different tacks as they strive to keep employees and customers healthy and safe – while keeping close tabs on their companies’ bottom lines. Some businesses are seeing a spike in sales, but others are concerned about the economic and financial fallout from the coronavirus […]

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