Colorado Lawmakers Approve Banking Solution For Canna-Businesses
DENVER, CO — Colorado lawmakers approved a plan to set up a network of uninsured marijuana financial services cooperatives to help alleviate stress felt by canna-businesses, caused by operating only in cash. Colorado Legislators To Allow Financial Co-Ops For Cannabis Cannabis-related businesses in Colorado have felt strife when it comes to banking despite being legally allowed to operate in the state. As it stands, all cannabusinesses in Colorado are forced to function on a cash-only system. “HB 1398 suggests that members of the co-ops can pool their resources together, establish checking accounts, and take out loans.” In turn, this can …
First Week Of Retail Sales Set Legal Cannabis Industry In Motion
DENVER, CO — New Year celebrations seemed to extend in the daylight hours January 1 in Colorado. Despite early snowfall, hundreds of people lined up outside of a few dozen Colorado dispensaries to complete the first legal retail cannabis transactions. As reported by Medical Marijuana Business Daily, some consumers had to wait as long as two hours to make their way inside of The Green Solution. Nonetheless, everything went on without a …
Colorado Prepares For Historical First Day Of Legal Cannabis Retail Sales
DENVER, CO — Seven months after being written into law, the first day of legal retail sales of cannabis in the US will be Wednesday (Jan. 1). Accordingly, business owners throughout Colorado are making their final preparations as the rest of the world watches in anticipation. The Colorado Department of Revenue officially licensed the first 136 retail locations in the state last Monday. As previously reported, the list of licensed retail locations for adult use includes prominent names like …
Colorado Becomes The First State To License Retail Cannabis Facilities
DENVER, CO — Christmas seems to have come early for some canna-business owners in Colorado. The state has officially licensed the first group of legal cannabis businesses. The Colorado Department of Revenue issued a total of 348 licenses Monday to businesses in the legal cannabis market. Of those businesses approved, 178 are production facilities and 31 are infused product manufacturers. Three lab testing facilities were licensed as well. The remaining 136 licenses were dealt to retail facilities. The list of …
Breaking: Federal Agents Raid Medical Marijuana Facilities In Colorado
Feds Raid Colorado Dispensaries & Cultivation Facilities Federal agents executed multiple search and seizure warrants at medical cannabis facilities in Colorado Thursday morning. The raids occurred at dispensaries and cultivation facilities in the Denver and Boulder areas. “We hope they are sticking to their word and not interfering with any state-regulated, law-abiding businesses.” – Mason Tvert According to Jeff Dorschner, spokesman for the Department of Justice, “The Drug Enforcement Administration, Internal Revenue Service Criminal Investigations, the Denver Police Department and state and local law enforcement are today executing lawfully obtained search warrants and seizure warrants.” In …
Denver Reconsiders Ordinance To Ban Marijuana Smell
Revised Public Consumption Law To Be Filed In Denver A new draft of the proposed ordinance to crack down on public cannabis consumption in Denver is expected to be introduced to city council on Monday. The new version would allow people to smoke in their backyard and permit marijuana possession in parks and the 16th Street Mall. Additionally, the revision stands to ease penalties for those who violate the proposed law. Under the current version, a violation is punishable by a fine of up to $999 or a year in prison.
Proposed Ordinance Would Ban Marijuana Smell In Denver
BR13-0736 Could Affect Private Medical Marijuana Patients A recently proposed bill in Denver, CO “could make medicating at home illegal,” according to Americans for Safe Access. Although possession of less than an ounce of marijuana is legal in Colorado, the bill would prohibit smoking on private property if it is visible to the public. This stands to include anywhere you can be seen, such as on the porch, in a car or, presumably, through your window with the blinds open. “No one risks a year in jail for drinking a beer in their …
Extract Artist Harvest Fest Hits Denver, Colorado Next Week
Cannabis Enthusiasts Gather To Celebrate Harvests The annual Extract Artist Harvest Fest is cut from a different cloth when compared to other events in the cannabis industry. Instead of focusing on competition, like the 710 Cup and Cannabis Cup, the Harvest Fest is intended to provide a venue for the cannabis industry to celebrate extract artists, growers, and harvests alike. Last year’s event (the EA Bash) combined with the …
Colorado Infused Edible Regulations And Their Impact
Colorado Released “Permanent Rules” For Retail Marijuana The Marijuana Enforcement Division (MED) of Colorado’s Department of Revenue (CDOR) published the “Permanent Rules Related to the Colorado Retail Marijuana Code” on September 9th, 2013. The 144-page document outlines regulations for cultivation, advertising, licensing, and much more. Without a doubt, one of the most prominent sections of the prospective retail marijuana market will be the realm of infused products, and marijuana edibles in particular. The regulations facing the infused edible market were created …
The 710 Cup: “A Multiday Celebration of Cannabis Concentration”
The 710 Cup is going to be a two-day cannabis and music celebration in Denver, CO, brought to you by Grassroots California & Hitman Glass. This “multiday celebration of cannabis concentration” is scheduled to begin on July 10th and will last all weekend until the 14th. Vendors will include seed companies, dispensaries, glass blowers, clothing companies, painters, arts & crafts vendors and tons of musical artists. Late-night parties are also going to be held at The Gothic featuring some great headliners from across the country. Dabs Of Denver Event On 7/10 On Wednesday, 7/10 …