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Colorado Medical Cannabis Business & Marijuana Legal News

15 Feb Hemp State Highlight: Colorado’s market dominance threatened by falling prices, processing logjams

(This is the ninth installment in a series that examines hemp markets in U.S. states. Other installments: Nevada, New York, North Carolina, North Dakota, Oregon, Tennessee, Vermont and Virginia.) No hemp discussion goes far in the United States without...

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12 Feb Colorado marijuana sales break another record, hit $1.5B in 2017

Despite falling marijuana prices, annual sales in one of America’s oldest regulated recreational cannabis markets have yet to plateau and instead continue to break records. Colorado’s marijuana stores rang up a record $1.5 billion in sales of med...

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09 Feb Denver gets second cannabis consumption application; first candidate awaits decision

Denver is finally seeing some movement on the public marijuana consumption front. The city’s first applicant for a cannabis consumption license had a hearing Friday with Denver regulators, and a second business has applied for a permit. The Coffe...

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07 Feb Job growth in marijuana industry is skyrocketing

The total number of job postings for the U.S. cannabis industry increased by 445% in 2017, a study by job search website ZipRecruiter shows. The online job platform noted the spike is dramatically higher than the 18% increase in cannabis-related job po...

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07 Feb Stand-alone marijuana growers in vertically integrated markets seek alternate sales channels

In an attempt to bolster their bottom line and maintain a solid position in the market, some stand-alone marijuana cultivators that don’t possess retail licenses are pushing for the right to open retail stores or even sell cannabis directly to cu...

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06 Feb Marijuana-focused credit union gets conditional approval from the Federal Reserve

After a 40-month battle, a Colorado credit union that’s determined to serve marijuana-related companies has finally won conditional approval from the Federal Reserve to launch its business. But the Fourth Corner Credit Union will not be serving p...

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06 Feb Jane West steps down as Women Grow chair; Chanda Macias takes over

Jane West is stepping down as board chair of Women Grow, the well-known, for-profit venture she founded in 2014 to empower women in the marijuana industry by providing networking opportunities, mentoring and business support. Chanda Macias, a Washingto...

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06 Feb Cannabis credit union hit with wrongful termination lawsuit that claims CEO used cocaine

A husband and wife who held key positions at a Colorado credit union that serves marijuana companies have filed a lawsuit claiming they were fired in part because one of them witnessed the company’s high-profile CEO using cocaine on several occas...

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02 Feb MassRoots operating from shared workspace, raises nearly $5M to repay debts

Marijuana-focused social media platform MassRoots is operating out of a coworking space in Denver after being evicted from its office last month. According to the Denver Post, CEO Isaac Dietrich told shareholders in a conference call that the company i...

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01 Feb Mobile processor promises new fiber opportunities for hemp farmers

If hemp fiber is so strong and easy to grow, why is so much of it moldering in barns awaiting a buyer? Two hemp companies say they have the answer, and they plan to bring it to farmers who can’t find buyers for hemp’s tough...

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