Category Archives: Colorado Medical Cannabis Business & Marijuana Legal News

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Legal cannabis sales top $6 billion in Colorado

Posted on by Speed Weed
13
Feb

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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Overseeing half a decade of legal cannabis: Q&A with Denver marijuana czar Ashley Kilroy

Posted on by Speed Weed
19
Jan

Ashley Kilroy has overseen Denver’s recreational cannabis industry since Colorado launched adult-use sales in 2014. As director of Denver’s Department of Excise and Licenses and the agency’s Office of Marijuana Policy, Kilroy has seen cannabis business owners experience growing pains as the industry has matured. “Being first wasn’t easy,” she said. “We’re proud of what we […]

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Chart: Colorado on pace for record-setting, billion-dollar year of recreational cannabis sales

Posted on by Speed Weed
12
Nov

Colorado’s adult-use marijuana market continues to surge nearly five years after the launch of recreational sales in the state. Through August 2018 – the most recent data available from the Colorado Department of Revenue – recreational marijuana sales topped $800 million and is on pace to surpass $1.2 billion by the end of the year. […]

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Colorado cannabis biotech snags $10 million for expansion

Posted on by Speed Weed
11
Oct

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

Posted on by Speed Weed
01
Oct

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

Posted on by Speed Weed
26
Sep

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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Marijuana officials warn MA pesticide crackdown could stymie MMJ industry

Posted on by Speed Weed
17
Sep

Massachusetts medical marijuana industry officials cautioned that a crackdown by state regulators on their use of pesticides, including natural compounds used by the organic food industry, could hamstring cultivators and curb MMJ supplies. The Boston Globe reported that state health department inspectors shuttered Colorado-based medical cannabis firm Good Chemistry’s growing, processing and retail operations in Massachusetts […]

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Latest financials raise new questions about future of marijuana tech firm MassRoots

Posted on by Speed Weed
27
Aug

MassRoots’ future remains in doubt, as its latest financial filings reveal continued multimillion-dollar losses, massively shrinking sales and insufficient cash to operate for the next year. The Denver-based marijuana tech firm continued to flounder in the red during the first six months of the year, posting a net loss of $8.4 million on just $3,700 […]

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How Trump’s trade war is affecting the marijuana industry

Posted on by Speed Weed
02
Aug

The Trump administration’s trade war with China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from China. […]

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