July’s medical marijuana sales only reached a little over $18 million – the lowest number ever recorded since January 2014.
.
Colorado’s medical marijuana sales hit lowest point since legalization
Cannabis
Welcome to Business Den’s cannabis coverage, your one-stop shop for the latest news and stories about the cannabis industry in Denver. Our team of skilled writers and reporters are dedicated to bringing you the most up-to-date information on everything from local regulations and policy changes to new products and industry trends.
Subscribe to Business Den today and stay ahead of the curve.
Buddy Boy dispensaries snuffed out as state’s weed sales tumble
“Prices have fallen to the lowest I’ve seen in 12 years,” said owner John Fritzel.. “Numbers that are impossible to overcome.”
Denver businesses seek hospitality licenses to let patrons smoke weed
A Cap Hill inn, a private club in RiNo, and a South Broadway lounge are the first to seek the city’s permission to allow cannabis consumption on site.
Denver voters reject camping ban enforcement, sales tax cap
An initiative to increase Denver’s marijuana tax to provide funding for pandemic research also failed.
Denver legalized delivery services for cannabis shops but few use them
The city will only grant transportation licenses to companies with owners who were charged with cannabis-related crimes or are in poor areas for the next three years.
City proposes new security rules after burglaries rise at cannabis shops
“We don’t want to make this a regulatory burden, but we need to make these places a harder target,” said a Denver spokesman.
Denver gets first marijuana retailer applicant under social equity program
Social Cannabis owner Daniel Morgan was busted with pot in his 20s. Now he could own the city’s first new dispensary since 2016.
Denver gives first cannabis transporter license to felon who trafficked pot
The recipient and co-owner of Doobba was convicted of having marijuana about 30 years ago in Missouri. Now, he can deliver the product legally.
Denver grants first cannabis delivery license to Strawberry Fields
But the dispensary can’t offer the service until it hires a licensed cannabis transportation company owned by a “social equity applicant.”
Denver pot shop operator buys Drift dispensaries in Boulder
Schwazze, a cannabis company formerly operating as Medicine Man Technologies Inc., has inked a deal to buy the assets of BG3 Investments LLC, the operator of two Drift-branded dispensaries in Boulder.
