Colorado Cannabis

Indoor cannabis cultivation in the United States consumes more energy than all outdoor agriculture combined, primarily due to the need for specialized lighting, climate control and ventilation systems. This high energy demand is exacerbated by legal requirements mandating in-state production, which...

Schwazze (OTC:SHWZ), a Colorado-based cannabis company, announced it would restate its financial statements for FY 2022/23 and Q1-Q3 2023 to address several accounting errors.  Schwazze’s accounting issues included errors with preferred shares, operating leases and inventory valuations....

As cannabis sales soar in states with legal markets, excise taxes have emerged as a crucial factor shaping the industry. Unlike tobacco, cannabis remains free from federal excise taxes but faces significant state-level levies. The structure and scope of these taxes vary widely, often influencing...

BDSA‘s October 2024 data highlights Maryland as the fastest-growing state for cannabis sales, with a year-to-date (YTD) increase of 57.8%, totaling $942.2 million.  Maryland’s impressive performance within BDSA’s tracked markets cements its place as a key emerging state in...

Colorado's cannabis industry is facing a steep decline in sales and tax revenue, falling to levels below 2018 figures. Tax collections from marijuana sales peaked at $424 million during the 2020-21 fiscal year but plummeted 41% to $248 million in 2023-24.  Hemp THC Sales Bypass Cannabis...

Canopy Growth Corporation‘s (NASDAQ:CGC) strategy for capturing the U.S. cannabis market was the focal point of a recent fireside chat hosted by Zuanic & Associates. CEO David Klein and CFO Judy Hong provided insights into Canopy USA's (CUSA) growth strategy, financial projections and its...

Colorado Springs voters have definitively legalized recreational marijuana sales, overturning a decade-long prohibition in the state's second-largest city. According to the final recount – although still unofficial – results from the El Paso County Clerk and Recorder's Office, Ballot...

Recreational cannabis for adults has been legal in Colorado since 2012 though not every city opted to allow cannabis vendors to open up shop. Many towns are still not on board. As a result, voters in Colorado Springs – population 491,441 – have unwittingly created a scenario wherein...

Colorado-based marijuana operator Green Dragon has announced plans to cease operations by the end of 2024, closing all of its facilities in Colorado and Florida. The company notified the Colorado Department of Labor and Employment that it would lay off all 59 employees at its 92,000-square-foot...

Wanda James, the first Black person in the U.S. to receive a cannabis-dispensary license, has observed both the empowering potential of the marijuana industry and the systemic barriers that continue to persist. And she wants VP Kamala Harris to step up to the plate and do something about latter. "...

According to a recent report from Beacon Securities, cannabis sales in Colorado and Connecticut are showing mixed results, reflecting both growth and challenges in the legal cannabis market. Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your...

Cannabis regulation is still highly experimental and can be quite tricky. Barely ten years ago cannabis was illegal across the United States. Today, the landscape has drastically changed as states are grapple with how to regulate this newly legalized substance. With re-scheduling on the horizon,...

Denver's latest licensing bulletin reveals a sharp decline in marijuana-related revenue. According to the report, the city generated $48.1 million from marijuana taxes and licensing fees in 2023, a significant drop from the $72.6 million peak in 2021. This decrease is indicative of a broader...

Denver, Colorado submitted its official public comment to the cannabis rescheduling process underway at the Department of Justice (DOJ), which oversees the DEA. City officials said there are significant lessons the federal government can learn from Denver's long-standing experience with cannabis...

A Health and Safety Advisory was issued recently for Cannabis consumers in Colorado, warning against “potentially contaminated” batches of cannabis sold at 11 dispensaries in Colorado, noted KRDO. The advisory, issued by the Colorado Department of Revenue and the Colorado Department of...