Alicia Wallace

Alicia Wallace

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.

Recent posts by Alicia Wallace

Colorado marijuana sales hit $1.5 billion in 2017

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.

Marijuana will be “way bigger” than craft beer, Lagunitas Brewing founder tells cannabis industry leaders

“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.”

Cannabis industry analytics firm New Frontier Data buys Hemp Business Journal

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.

Denver cannabiz-focused credit union gets OK from Federal Reserve — with conditions

The Federal Reserve Bank of Kansas City on Feb. 2 conditionally granted a master account to The Fourth Corner Credit Union.

Canadian medical marijuana firm begins sell-off of U.S. cannabis assets

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.

MassRoots now headquartered in Denver co-working space, repaying its debt obligations, CEO tells shareholders

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.

Local Colorado officials lead new national coalition challenging Sessions’ Cole Memo moves

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 cannabis ‘logjam’ softens sales at Scotts Miracle-Gro

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

Colorado marijuana deliveries could be arriving this fall, if legislature agrees

Oregon, Nevada and California already have marijuana delivery regulations in place.

Denver hydroponics retail chain expands to New England, improves positioning in legal cannabis states

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.

TD Ameritrade CEO notes ‘pronounced’ increase in cannabis, blockchain trading activity

“This doesn’t surprise us, given the significant media coverage on this topic,” TD Ameritrade CEO Tim Hockey said.

Colorado sticking with METRC for marijuana seed to sale tracking

The state has relied on Franwell’s METRC seed to sale tracking tech since 2011

Vermont Gov. Phil Scott signs marijuana legalization bill “with mixed emotions”

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.

Congressmen: Rescinding marijuana banking guidance would be ‘dangerous and imprudent’

A letter from Reps. Perlmutter and Heck in support of Obama-era marijuana banking guidance has been signed by 29 additional members of Congress

MassRoots loses headquarters following eviction proceedings

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.

Hemp industry lawsuit challenging DEA’s position on CBD picks up support of 28 U.S. legislators

A bipartisan congressional coalition pushed back on the DEA’s assertion that cannabidiol and extracts derived from hemp are Schedule I substances.

Nearly 70 Congress members push spending bill amendment to protect state-legal marijuana

“In the last week there’s been a groundswell of support to include this amendment in appropriations legislation,” Rep. Jared Polis said.

Colo. congressional members assured by U.S. Attorney they shouldn’t expect marijuana prosecutions to rise

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.

Attorney for Sweet Leaf budtenders files to dismiss felony marijuana charges

“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.

Colorado marijuana shops ring up nearly $120 million in sales in November

Eleven months through 2017, sales climbed to $1.38 billion, surpassing the $1.31 billion recorded in the entirety of 2016.

Colo. Rep. DeGette convenes delegation to respond to Sessions, discuss federal marijuana protections

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 Congress members send letter to Sessions, urging reinstatement of Cole Memo

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.

Federal marijuana bills boosted by new supporters as Congress gets back to work

Lawmakers lined up behind several cannabis-related House bills in the wake of U.S. Attorney General Jeff Sessions’ marijuana policy shift.

New Pew poll: Support for marijuana legalization continues to rise among Americans

Marijuana legalization continues to be viewed more favorably by Americans, buoyed by support from young adults, according to a Pew Research Center survey.

Colorado congressional members developing plan for federal marijuana protections

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.

What now? Experts and politicians weigh in on potential impact of Sessions’ rollback of marijuana policy

A wave of uncertainty has crashed over America’s cannabis industry with the Justice Department’s elimination of Obama-era guidance on marijuana enforcement.

Cannabinoids on local grocery shelves, but for how long?

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.

Inside informants, loopers and the undercover investigation that led to Sweet Leaf raids

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.

Denver DA files charges against Sweet Leaf budtenders allegedly involved in “looping” marijuana sales

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.

With Isaac Dietrich back at helm, MassRoots dismisses lawsuit against him

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.

MassRoots facing eviction from its Denver headquarters

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.

13 Sweet Leaf budtenders swept up in Denver police raids

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.

Police raid eight Sweet Leaf Marijuana Center locations in Denver and Aurora

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.

Ousted MassRoots CEO reclaims helm of marijuana tech firm

MassRoots Inc. on Thursday disclosed the reappointment of Isaac Dietrich as chief executive and the replacement of three board members.

World Health Organization: Initial review of CBD doesn’t warrant scheduling

As part of the new findings, the WHO Expert Committee on Drug Dependence announced plans to undertake a fuller review of cannabidiol in 2018.

Colorado releases a trove of marijuana sales data

The Colorado Department of Revenue on Tuesday published a trove of previously unreleased sales data for the state’s marijuana retailers.

After a hot summer, Colorado’s cannabis sales cool down

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.

Teen marijuana use in Colorado down post-legalization

The latest results from the National Survey on Drug Use and Health align with data collected by the state’s Healthy Kids Colorado Survey.

Cannabis investors form ‘blank check’ company, file for $50M IPO

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.

Denver marijuana regulators’ oversight improved, but still lacking tax transparency, auditor says

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.

Federal marijuana protections safe for now with stopgap spending bill

“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.

Colorado marijuana dispensary challenges IRS in U.S. Tax Court

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.

Cannabis tech firms MassRoots, New Frontier team up on consumer data

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.

How will the new rules released for the Colorado marijuana industry affect consumers?

Changes to the rules governing Colorado’s cannabis industry go into effect Jan. 1, including a groundbreaking path for in-state cannabis research.

DEA finalizing Schedule II status for synthetic THC drug Syndros

The DEA is expected to finalize on Wednesday the previously suggested Schedule II status for Syndros, the FDA-approved drug developed by Insys Therapeutics.

MassRoots founder initiates proxy battle to overthrow marijuana firm’s board, leadership

“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.

MassRoots sues founder, former CEO, alleging “serious misconduct”

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.

Cannabis firms Canopy Growth, Organa and Green House team up on a joint venture in Canada

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.

MassRoots officials: “Right team and right plan” in place for growth

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.