Colorado Medical Cannabis Business & Marijuana Legal News

Colorado may soon allow its $1.5B marijuana industry to open to outside investors & more of the week’s top news (SLIDESHOW)

Colorado looks close to welcoming a surge of outside investors and capital to its marijuana markets, Hawaii kicks off a program allowing qualified visitors to purchase medical marijuana, bills pending before the California Legislature could mean the state’s cannabis industry might see another tumultuous year of changes – plus other important news from around the MJ space.

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Colorado appears ready to open cannabis markets to outside investors

Colorado’s $1.5 billion-a-year marijuana industry appears on the threshold of opening its recreational and medical markets to a potential rush of outside investors and capital, almost a year after former Gov. John Hickenlooper shot down similar legislation. Bipartisan legislation that would allow publicly held companies to both invest in and hold marijuana licenses in Colorado […]

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Chart: Adult-use marijuana sales spike 7% on Valentine’s Day

Valentine’s Day isn’t just an opportunity to express love, it’s also an opportunity to spend – a trend that is reflected in retail marijuana expenditures in several adult-use markets. The National Retail Federation (NRF) estimated that total 2019 spending on Valentine’s Day gifts in the United States would exceed $20 billion, making the holiday No. 3 […]

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Legal cannabis sales top $6 billion in Colorado

Colorado’s legal marijuana market hit a milestone at the end of 2018, going over $6 billion in combined recreational and medical sales since the adult-use market launched on New Year’s Day in 2014. But since 2016, recreational sales have continued to climb as medical sales have taken a serious dip. In 2018 alone, there was […]

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Global standards group adds two new categories for cannabis

An international standards organization has added two new specifications to assist in the processing and handling of marijuana. Because the cannabis industry is in its early stages, it lacks many established, commonly accepted standards, leaving businesses without clear guidelines or ground rules found in other industries. According to a news release, Pennsylvania-based ASTM International has […]

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Cannabis business takeaways for week ending Feb. 1 (SLIDESHOW)

Washington state regulators contemplate allowing small marijuana farmers to sell to consumers directly, co-owners of Sweet Leaf make plea deals, and California lawmakers take another swing at lowering state MJ taxes for businesses – plus other important news from around the cannabis industry.

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Colorado cannabis greenhouse builder files for Chapter 11

A Denver-based marijuana greenhouse developer is filing for bankruptcy after raising more than $15 million from investors. According to Denver news site BusinessDen, GrowCo owes at least $8.6 million to roughly 50 creditors. GrowCo is filing for Chapter 11 bankruptcy, which can be used to keep a business afloat by reorganizing and paying back debts […]

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Cannabis products firm Slang lists on Canadian exchange after buying Organa Brands

Unlike many of its predecessors, Slang Worldwide (CSE: SLNG) saw a relatively stable first day on the Canadian Securities Exchange, opening at 2 Canadian dollars ($1.51) and closing at CA$1.99. The branded consumer products cannabis company, went public Tuesday on the Canadian Securities Exchange with an implied market value of $541 million (CA$718 million). The […]

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