Colorado Medical Cannabis Business & Marijuana Legal News

Chart: How much consolidation awaits Colorado’s retail marijuana market?

Colorado’s retail marijuana sector has seen more consolidation as it’s matured, but relative to more established industries, it remains a highly competitive and open market. It’s a reminder that the dust has yet to settle in the nation’s most developed legal marijuana market – and there will likely be far more consolidation in the years ahead. […]

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Marijuana firm GrowForce closes CA$38M raise ahead of public markets debut

Toronto-based GrowForce Holdings has closed a funding round of 38 million Canadian dollars ($29.1 million) as the firm prepares to go public later this quarter. Capital from the equity raise will be used to expand the company’s cultivation operations and for strategic acquisitions, the firm said in a news release. Under terms of the offering, GrowForce […]

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Denver prosecutors hone in on cannabis company Sweet Leaf’s top brass, owners

Prosecutors dismissed the last of the charges against budtenders of the once high-flying Colorado marijuana retailer Sweet Leaf but said Monday the company’s management and co-owners remain under investigation and that more criminal charges likely will emerge. “While the budtenders were the point of sale in the distribution and possession of illegal amounts of marijuana, […]

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How Trump’s trade battles are affecting the marijuana industry

The Trump administration’s imposition of tariffs on China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from […]

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Colorado medical cannabis companies in patent dispute

A Colorado marijuana company is suing another firm in the state for patent infringement involving its cannabinoid-based medical product formula. United Cannabis Corp. (UCANN) of Golden filed the lawsuit in Denver U.S. District Court on Monday against Pure Hemp Collective of Conifer. The Denver Post reported the lawsuit seeks an injunction prohibiting Pure Hemp from […]

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Authorities close three more Sweet Leaf cannabis stores in Denver suburbs

State authorities have shut down three Sweet Leaf stores in the Denver suburbs for alleged violations, the latest twist in the downfall of one of Colorado’s largest marijuana retailers. Sweet Leaf’s marijuana licenses for those locations in Aurora, Thornton and Federal Heights were suspended Thursday while the state continues to investigate, Shannon Gray, spokeswoman for […]

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Week in Review: San Diego cannabis lawyer off the hook, VT targets gifting & Sweet Leaf reprieve

San Diego’s district attorney agrees to drop felony charges against a marijuana attorney, Vermont cracks down on “gifting” adult-use MJ, and Sweet Leaf wins a temporary reprieve from destroying $7.5 million worth of cannabis.

Here’s a closer look at some notable developments in the cannabis industry over the past week.

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Denver retailer Sweet Leaf seeks to save $7.5 million of marijuana product

The value of Sweet Leaf’s marijuana products targeted for possible destruction in Denver exceeds $7.5 million, according to a recent court filing by the company. Denver regulators earlier this month revoked the MJ retailer’s 26 city licenses, alleging the company engaged in an illegal sales scheme that allowed customers to purchase marijuana multiple times a day. […]

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Community outreach helping cannabis companies gain edge on rivals, attract customers

Marijuana businesses nationwide are finding they can reap generous rewards from giving back to their local communities.

Being a good corporate citizen can make it easier for marijuana businesses to work with regulators and local officials, stand out from competitors and attract new customers and high-quality employees, according to industry executives and experts on corporate giving.

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Sweet Leaf granted temporary reprieve from destroying its Denver cannabis

Sweet Leaf, which recently saw its 26 Denver marijuana licenses revoked, doesn’t have to destroy inventory in those facilities – at least not yet. The company won a “stay of agency action” in Denver District Court on July 23 while it fights the city’s decision. “Until the legal process is complete, there will be no […]

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Key business lessons from Sweet Leaf’s loss of 26 marijuana licenses in Denver

Earlier this month, Denver stripped Sweet Leaf of all 26 of its city-issued marijuana licenses for what authorities characterized as a management-directed illegal sales “looping” scheme that allowed customers to buy cannabis multiple times a day. Sweet Leaf maintains its innocence. The news garnered a lot of attention from cannabis sector experts, who generally agreed […]

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