Colorado Medical Cannabis Business & Marijuana Legal News

Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp

Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]

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CBD manufacturer Mile High Labs closes $35 million Series A funding round

Loveland, Colorado-based Mile High Labs – a manufacturer of CBD crude oil, distillate and isolate – closed a $35 million Series A funding round as it works to expand its operations. The raise was led by institutional investors from the United States and Europe, as well as family offices and a venture capital fund. The company […]

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Denver cannabis retail chain Sweet Leaf owners strike deal to pay fine, give up licenses

The owners of Denver-based marijuana retail chain Sweet Leaf made a deal with Colorado’s cannabis regulatory agency to sell the company’s remaining business licenses in the state, pay roughly $2 million in fines and drop their appeal. Alt-weekly Westword reported that owners Anthony Suaro, Christian Johnson and Matthew Aiken owe roughly $1.5 million to the […]

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Colorado cannabis biotech snags $10 million for expansion

Marijuana biotech firm Front Range Biosciences announced Thursday it secured $10 million in private funding to accelerate production in California, Canada and Colorado. The company, based in Lafayette, Colorado, said it plans to invest some of the money in investigating new strains of cannabis. Front Range Biosciences uses tissue-culture technology to make “plantlets” for both […]

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Week in Review: California’s cannabis social-equity move, US attorney’s marijuana threat & lawmakers’ bid for more MJ growers

California approves a law to boost participation among minorities and those less well off in the marijuana industry, Colorado’s U.S. attorney threatens to crack down on licensed cannabis businesses that divert product to the black market, and members of Congress urge the U.S. government to expand the number of cultivators allowed to grow MJ for research. […]

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Colorado’s top fed prosecutor threatens clampdown on law-breaking cannabis businesses

Colorado’s U.S. attorney, Bob Troyer, said his office might take action against licensed marijuana businesses that violate state law or use their state-legal status “as a shield” while selling product on the black market. Until now, federal officials in Colorado have largely focused on prosecuting entirely illegal marijuana grows – operations often concealed on federal […]

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Marijuana software firm MJ Freeway raises $10 million to invest in new technology

Denver-based MJ Freeway, a point-of-sale system and government traceability software provider for the cannabis industry, has completed a $10 million raise. According to a news release, the Series C raise – which was oversubscribed – was led by New York-based venture capital firm Batu Capital. Cresco Capital Partners, a Dallas-based marijuana investment firm, also “participated […]

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Build it and they will come? Cannabis entrepreneurs wager big bucks on social consumption venues

Applicants for marijuana social consumption licenses across the United States are betting that consumers will want to patronize a public venue where they can consume cannabis with other users.

Entrepreneurs who pursue this new niche sector are likely to wager hundreds of thousands of dollars to get their businesses off the ground, according to industry executives.

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Massachusetts credit union says it will serve recreational marijuana businesses

Recreational and medical marijuana businesses in Massachusetts can look forward to having access to banking services after a credit union announced it is willing to serve them. The GFA Federal Credit Union, a state-chartered institution with $500 million in assets, will begin accepting marijuana clients by Oct. 1, offering basic services that include cash management, […]

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Week in Review: MJardin’s reverse takeover, California’s marijuana testing woes & Alaskans’ taste for high-THC goods

MJardin becomes the latest U.S. cannabis company to go public in Canada through a reverse takeover, nearly 20% of marijuana products in California fail tests for potency and purity, and Alaskans’ preference for high-THC products could bankrupt some growers. Here’s a closer look at some notable developments in the cannabis industry this week. Buyer beware […]

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