That’s a lot of marijuana.
Alicia Wallace joined The Cannabist in July 2016, covering national marijuana policy and business. In her 14 years as a business news reporter, her coverage has spanned topics such as the economy, natural foods, airlines, biotech, retail, technology, craft beer and real estate. She serves as a contributor to the Denver Post's beer industry coverage.
Recent posts by Alicia Wallace
Colorado’s marijuana industry is booming and boisterous, but the burgeoning business sector is a mere blip on the state’s broader employment and revenue picture.
“We may have entered a historic moment where Congress and the president are poised to act to align our industry with our nation’s federalist ideals.”
“It is by far the most important product that we are developing today.”
Efforts to test drive cannabis delivery in Colorado stalled out in a state legislative committee. Members of the Senate Judiciary committee on Wednesday voted 3 to 2 to kill House Bill 1092, which sought to create a marijuana delivery pilot program in the state. This was the second legislative effort…
More than $22 million of those losses were the value of stock-based compensation to former employees, board members and business consultants.
The bill, if successful, would end the debate that has picked apart the hemp plant.
“I’m confident, after this discussion, that we have the protections that we were looking for” Gardner said.
As part of the deal, the Republican senator agreed to lift his blockade on U.S. Department of Justice nominees.
The digital cash registers ringing up customers coffee shops and chic boutiques will soon stationed in marijuana dispensaries. Computer giant HP announced Wednesday it is packaging its point-of-sale ElitePOS hardware with cannabis compliance software from Flowhub, a Denver-based business that operates in eight states. The partnership addresses the growing need…
This is a trend.
Colorado lawmakers have doused the latest legislative attempt to establish licensed cannabis consumption clubs in the state.
Colorado’s CW Hemp just inked a deal to sell their high-CBD hemp extracts at California organic-vegan food, juice and smoothie powerhouse Rawkin Juice, according to U.S. Securities and Exchange Commission filings.
The planned transition has been a couple of years in the making, company leaders told The Cannabist.
Beer aficionados and hemp advocates across the country can now toast a pint of New Belgium’s Hemperor HPA. Except in Kansas, where the craft brew — like hemp — is banned.
Ceria Beverages, a Colorado firm started by the creator of Blue Moon Belgian White Ale, is developing a line of non-alcoholic, cannabis-infused craft beers.
“It’s always hard to go first, but it’s not as hard to go second and third,” said the Brookings Institution’s John Hudak.
Colorado’s burgeoning hemp industry got a jolt Monday when Republican Mitch McConnell, the Senate’s Majority Leader, gave his full-throated support of shoring up federal laws around hemp. McConnell announced plans to introduce The Hemp Farming Act of 2018, which would remove hemp from regulation as a controlled substance and treat it…
Terrell Davis delivered the keynote address at the inaugural Minority Cannabis Business Association Opportunity Summit, an event aimed at improving minority participation in the cannabis industry.
New Belgium Brewery debuts The Hemperor HPA on April 2. The hemp pale ale blends hemp and hops for an earthy take on the traditional IPA and smells like, “a loud bag of weed.”
Little-known federal law makes it possible to execute people who grow more than 60,000 marijuana plants.
A $1.3 trillion spending bill that cleared the U.S. Congress includes language that would continue shielding states’ medical marijuana programs from U.S. Department of Justice interference.
A new bill would give GW Pharma a lane to sell Epidiolex in Colorado, but hemp growers worry it paves a “superhighway” to monopoly.
Natural Products Expo West, the industry’s largest trade show, served as the coming out party for CBD and brands like Weller Snacks, makers of hemp extract-enriched coconut bites.
Indiana state lawmakers enacted a “strip and replace” procedure on House Bill 1214, replacing provisions to regulate the sale of low-THC, cannabidiol-rich extracts derived from hemp with language instead related to handgun regulations.
Cannabidiol stepped into the spotlight at Natural Products Expo West, where hemp industry experts said the U.S. CBD market could hit $1.9 billion by 2022.
The facility that’s the size of about 19 football field is “conservatively” expected to produce 75,000 kilograms, or about 165,350 pounds, of cannabis annually.
A bill advancing through the Colorado legislature would open the doors for out-of-state individuals and publicly traded companies to invest or have ownership interest in state-licensed cannabis businesses.
“This bill will help make sure people aren’t consuming more than they should and are doing it in an environment no different than what you would see at a winery or brewery,” sponsor Rep. Jonathan Singer said.
“I think people got the message loud and clear that they were not supposed to fly with the drug,” DIA spokesman Heath Montgomery said.
Eli Lilly & Co. made the declaration in response to a shareholder resolution that would require the company to support cannabis descheduling
Constellation Brands has their sights on developing marijuana-based beverages for sale in markets around the globe, COO Bill Newlands said.
DEA officials say a rule on CBD is innocuous and administrative. Hemp advocates claim it’s the opening salvo in a federal offensive against the American hemp industry.
Colorado’s House Finance Committee advanced a bill which would establish a pilot project allowing for home delivery of medical and recreational cannabis.
“Although the ultimate impact is currently unknown, the emergence of legal cannabis in certain U.S. states and Canada may result in a shift of discretionary income away from our products or a change in consumer preferences away from beer,” the company wrote in its latest 10-K filing.
Shops sold $128.3 million of medical and adult-use cannabis — flower, edibles and concentrate — during the month of December, resulting in an annual total of nearly $1.51 billion, a new yearly record for Colorado’s 4-year-old industry.
The interstate traffic, notably visitors from New Mexico and Texas, are what drive sales to Las Animas County, said Trinidad City Manager Greg Sund.
“What’s important is to do things that amaze your customers, I think, even if it does sort of rub up against the rules,” Lagunitas’ Tony Magee said. “Because people chafe against the rules, just like you should.”
The deal was finalized late last week, and Hemp Business Journal’s operations are being integrated into the Denver offices of the Washington, D.C.-based New Frontier Data, officials said.
The Federal Reserve Bank of Kansas City on Feb. 2 conditionally granted a master account to The Fourth Corner Credit Union.
The decision comes amid increasing questions around how Canadian Securities Administrators and the Toronto Stock Exchange may view public companies with operations in the United States, where marijuana is federally illegal.
The firm is also eyeing a listing on the Canadian stock market and has a “renewed focus on fundamentals,” Founder and CEO Isaac Dietrich said during a shareholder update call.
California counties running behind schedule in implementing cannabis programs and licensing operators coupled with the state’s recent fires and mudslides “clearly impacted our results,” Scotts CEO Jim Hagedorn said
The A.G.’s marijuana policy shift is sowing confusion and chaos in states with cannabis laws, according to a coalition of elected officials from 11 states.
Oregon, Nevada and California already have marijuana delivery regulations in place.
“This doesn’t surprise us, given the significant media coverage on this topic,” TD Ameritrade CEO Tim Hockey said.
The acquisition of East Coast Hydroponics is expected to add $5 million in annual revenue and continues GrowGeneration’s strategy of positioning the company’s brand in legal cannabis states, officials said.
The state has relied on Franwell’s METRC seed to sale tracking tech since 2011
The Green Mountain State on Monday became the ninth U.S. state to legalize recreational marijuana and the first to do so via a legislative act.
A letter from Reps. Perlmutter and Heck in support of Obama-era marijuana banking guidance has been signed by 29 additional members of Congress