Alicia Wallace is a business reporter who specializes in covering the cannabis industry for The Denver Post and, formerly, for its web vertical The Cannabist. In her 15 years as a business news reporter, her coverage has spanned topics such as the economy, Sports Authority, craft beer, airlines, biotech, technology and natural foods.
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.
“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.
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.
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
Oregon, Nevada and California already have marijuana delivery regulations in place.
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.
“This doesn’t surprise us, given the significant media coverage on this topic,” TD Ameritrade CEO Tim Hockey 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
The uncontested court ruling — MassRoots representatives were not present for the hearing — came nearly a month after a notice was taped to MassRoots’ offices warning eviction if past rent due wasn’t paid.
A bipartisan congressional coalition pushed back on the DEA’s assertion that cannabidiol and extracts derived from hemp are Schedule I substances.
“In the last week there’s been a groundswell of support to include this amendment in appropriations legislation,” Rep. Jared Polis said.
Members of Colorado congressional delegation say they were reassured by their state’s U.S. Attorney that the disappearance of Obama-era marijuana guidance will not result in increasing marijuana prosecutions at the expense of other matters.
“Nothing in the law imposes any duty — other than checking birthdate on identification — on an employee of a licensed marijuana seller to ‘babysit’ adult customers nor to essentially perform law enforcement functions,” attorney Robert J. Corry Jr. wrote.
Eleven months through 2017, sales climbed to $1.38 billion, surpassing the $1.31 billion recorded in the entirety of 2016.
Attorney General Jeff Sessions’ rescission of the Cole Memo has brought together Colorado delegates with otherwise “widely divergent philosophies” to take action and plan future moves on marijuana, Rep. Dianna DeGette told The Cannabist.
Colorado congressional legislators fired off a letter Tuesday to U.S. Attorney General Jeff Sessions, asking that he reconsider last week’s rescission of the Cole Memo and related marijuana guidance.
Lawmakers lined up behind several cannabis-related House bills in the wake of U.S. Attorney General Jeff Sessions’ marijuana policy shift.
Marijuana legalization continues to be viewed more favorably by Americans, buoyed by support from young adults, according to a Pew Research Center survey.
Legislative sources confirmed to The Cannabist that Colorado lawmakers held a call Friday afternoon to strategize on a push for marijuana-related measures — specifically crafting a spending bill provision to restrict the Justice Department from interfering with state cannabis laws.
A wave of uncertainty has crashed over America’s cannabis industry with the Justice Department’s elimination of Obama-era guidance on marijuana enforcement.
CBD products are showing up at places like Alfalfa’s and Lucky’s, and the FDA and DEA want a say in what is sold and by whom.
A Denver Police Department search warrant obtained by The Cannabist provides some glimpses into the year-long criminal investigation of alleged illegal marijuana sales at the Denver-based Sweet Leaf chain.
The Denver District Attorney’s Office on Thursday announced charges filed against 10 Sweet Leaf Marijuana Center budtenders arrested following a Denver Police investigation of alleged illegal marijuana sales at the dispensaries.
The dismissal comes a week after the company’s board of directors and interim chief executive resigned, and the 25-year-old founder was reappointed CEO and his trio of recommended board members were installed.
If the firm doesn’t pay rent totaling $39,742 by Thursday, it will be evicted from the office that has served as its headquarters, according to a notice posted by the property manager.
The criminal activities alleged include sales of cannabis in violation of Colorado law, which stipulates that adults over the age of 21 can buy and possess up to 1 ounce of marijuana at a time, according to Denver police.
The criminal activities alleged include sales of cannabis in violation of Colorado law, which stipulates that adults over the age of 21 can buy and possess up to 1 ounce of marijuana at a time, according to Denver police.
MassRoots Inc. on Thursday disclosed the reappointment of Isaac Dietrich as chief executive and the replacement of three board members.
As part of the new findings, the WHO Expert Committee on Drug Dependence announced plans to undertake a fuller review of cannabidiol in 2018.
The Colorado Department of Revenue on Tuesday published a trove of previously unreleased sales data for the state’s marijuana retailers.
The October totals consisted of nearly $87.7 million in recreational sales and $33.9 million in medical cannabis sales, according to The Cannabist’s calculations.
The latest results from the National Survey on Drug Use and Health align with data collected by the state’s Healthy Kids Colorado Survey.
According to its SEC filing, new company MTech’s primary strategy will be to invest in or acquire ancillary cannabis businesses, such as compliance, business intelligence, and brands and media.
The Denver Office of Marijuana Policy has implemented some suggestions made last year by the city’s auditor, who called for more transparency on tax spending.
“While we are pleased that these critical protections will continue, two weeks is not enough certainty for the millions of Americans who rely on medical marijuana,” said Rep. Earl Blumenauer.
As the most populous state in the nation approaches cannabis legalization, residents, businesses and officials are looking to Colorado and Washington.
The owners of a marijuana dispensary in Palisade, Colo., claim their income was unjustly taxed twice because of the Internal Revenue Service’s application of Section 280E.
MassRoots, the marijuana social media and tech company recently in tumult, entered into a technology-sharing arrangement with New Frontier Data, a cannabis market research and analytics firm, the companies announced early Wednesday.
Changes to the rules governing Colorado’s cannabis industry go into effect Jan. 1, including a groundbreaking path for in-state cannabis research.
The DEA is expected to finalize on Wednesday the previously suggested Schedule II status for Syndros, the FDA-approved drug developed by Insys Therapeutics.
“I strongly believe that the board must be reconstituted to ensure that the interests of the shareholders are appropriately represented,” Dietrich wrote in the SEC filing.
The cannabis tech firm fired Isaac Dietrich for alleged ‘serious misconduct’ including claims of sex, drugs and misuse of funds, according to a new lawsuit obtained by The Cannabist.
Three well-known players in the cannabis industry have partnered in the operation of an Ontario indoor cultivation facility, a site they say could serve as a springboard for international expansion.
New CEO Scott Kveton expressed optimism that the company would be able to continue operating beyond the current quarter during a conference call with investors.
