Colorado marijuana company challenging RFID tag requirement
A Colorado marijuana edibles manufacturer has filed a lawsuit against state regulators contesting the cannabis tracking system.
A Colorado marijuana edibles manufacturer has filed a lawsuit against state regulators contesting the cannabis tracking system.
A venture capital firm owned by the state of Connecticut might see its first investment in the marijuana sector go poof.
Colorado cannabis sales continued to slide in November as recreational and medical marijuana retailers generated $110.5 million in revenue, the lowest monthly total since February 2017.
Colorado recently passed rules intended to expand competition for cannabis seed-to-sale tracking contracts when the state’s current deal with traceability software provider Metrc expires in October 2026.
Colorado’s cannabis sales continue to slump in 2023, with transactions in every month bringing in less than the same month last year.
California cannabis regulators sent warning notices demanding that state-licensed testing labs accurately report test results or face stiff penalties, including potential license revocation.
Colorado’s regulated cannabis industry suffered its “worst 4/20 in five years,” according to the Marijuana Industry Group, citing a roughly 14% decline in April marijuana sales from the same month last year.
Cannabis industry financial services company Safe Harbor Financial announced a marijuana business banking partnership with Five Star Bank.
Colorado-based cannabis company Schwazze signed a $10.5 million deal to acquire a Denver medical marijuana dispensary from Standing Akimbo.
Retail sales of legal marijuana in Colorado were worth slightly more than $139 million in December 2022, bringing the state’s medical and recreational sales total for the year to almost $1.8 billion – a significant drop from 2021’s record high.
Colorado is offering “free technical assistance and access to financing for cannabis cultivators” as part of a program to boost energy efficiency.
New York-based marijuana multistate operator Columbia Care is laying off 25% of its corporate head count as part of a larger effort to slash costs, reduce cash burn and improve performance.