Colorado Legal Weed Sales Top $50 Million in June

  • Posted by CO 420 Websites
  • On August 14, 2015
According to an article published this week in the Cannabist, Colorado legal weed sales in June topped more than $50 million, the highest monthly income for the Colorado marijuana industry to date. The state of Colorado pulled in $60.7 million in tax revenue from legal weed sales in the first six months in 2015...
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Colorado Rejects PTSD as Medical Marijuana Condition

  • Posted by CO 420 Websites
  • On July 21, 2015
This week, in a disappointing result to many, the Colorado Board of Health voted 6-2 to reject PTSD as a recognized condition for medical marijuana. Despite a long list of testimonials, board members cited not enough scientific evidence to add PTSD to legal weed...
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Oregon: Next State to Legalize Weed

  • Posted by CO 420 Websites
  • On July 15, 2015
Marijuana became legal in Oregon on Wednesday — but recreational pot shops won’t open there for three months or longer. The Legislature is on track to approve temporary legal weed sales through the existing medical marijuana dispensary system, beginning Oct. 1. With the vote last fall, the state became the fourth to legalize weed, after Colorado, Washington and Alaska...
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Colorado Tourism Sets Record Numbers (From Legal Weed?)

  • Posted by CO 420 Websites
  • On June 19, 2015
According to a recent study released by the Denver Post, tourism in Colorado is on the rise an a huge way. Statistically, 15.4 million overnight vacationers and business travelers visited Denver in 2014, spending a record $4.6 billion which is as much as double to triple the national average in some places...
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Colorado to Offer One-Day Tax Holiday for Marijuana

  • Posted by CO 420 Websites
  • On June 10, 2015
According to an article published in the Denver Post, Colorado will be offering a one-day tax holiday for marijuana sales on September 16th, 2015. Thanks to a mix of a quirk in the state's constitution, and an excess of tax funds as outlined by TABOR (tax payors bill of rights), the state expects to give a one-day tax reduction of close to $3.6 million...
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US House Continues to Push Cannabis Forward

  • Posted by CO 420 Websites
  • On June 5, 2015
Earlier this week, the U.S. House passed several amendments aimed at scaling back federal war on cannabis and to reduce the budget of the Drug Enforcement Administration. The House considered 9 key measures enforcing responsible behavior by the DEA and reducing penalties for hemp and cannabis grow operations...
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Marijuana Businesses Still Struggle to Find Banking

  • Posted by CO 420 Websites
  • On May 22, 2015
Hesitant to dive on the legal marijuana industry, big corporate banking is still taking to cannabis businesses slowly. The U.S. government has even opened a line of insurance credit to begin covering the near $3 billion worth of cash moving through the legal cannabis market, but many banks still have not risen to the task...
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March Shows Record Marijuana Sales in Colorado

  • Posted by CO 420 Websites
  • On May 12, 2015
According to an article in the Cannabist, the month of March reflected record sales for the legal marijuana industry. More than $47 million of recreational marijuana sales were estimated by the Colorado Department of Revenue in a report released earlier this week...
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Hickenlooper: Pot is ‘not as vexing as we thought it was going to be’

  • Posted by CO 420 Websites
  • On May 1, 2015
According to a recent interview on Fox Business News, and later article posted by the Cannabist, Colorado Governor John Hickenlooper told reporters Colorado's legal cannabis industry has "not as vexing as we thought it was going to be". Hesitant to accept legal cannabis at first due to its massive undertaking...
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CNN’s Dr. Sanjay Gupta is Pro Legal Medical Marijuana

  • Posted by CO 420 Websites
  • On April 17, 2015
During an interview about his upcoming 3rd part in his exploitative journal series on marijuana entitled "Weed 3: The Marijuana Revolution", CNN's Dr. Sanjay Gupta told the press "We should legalize medical marijuana. We should do it nationally. And, we should do it now."...
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Legal Weed May Make for Biggest Denver 420 Rally Ever

  • Posted by CO 420 Websites
  • On April 15, 2015
With a multitude of cannabis themed rallies, ranging from corporate business funding and education at the Marijuana Investment Summit, to high-stakes grower competition at the High Times Cannabis Cup, to the official 420 Rally taking place in Civic Center Park, we already see 4/20 becoming to weed what St. Patrick's Day is for beer...
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President Obama Discusses Cannabis Legalization with VICE News

  • Posted by CO 420 Websites
  • On March 19, 2015
Recently, President Obama sat down with VICE founder Shane Smith to discuss current national issues. One main point of discuss was the cannabis legalization. The president does think decriminalization is likely before the end of his administration, however he encourages people nationwide to push their representatives to focus on more essential issues...
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