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Budget-Conscious Consumers Boost Sales Of Marijuana Multipacks, 94 Brands Vie For Colorado's Pre-Roll Market
Friday, June 28, 2024 - 9:33am | 788Standard pre-roll sales accounted for $10.91 million, a 6.3% rise, while infused pre-rolls generated $13.28 million, up by 2.6%. RollPros' latest Colorado Pre-Roll Market Report reveals a significant growth trend in the pre-roll segment, with overall revenue reaching $24.19 million, marking a 4...
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Colorado's Youth Marijuana Consumption Hits Historic Lows, Survey Finds
Thursday, June 27, 2024 - 6:27pm | 497In Colorado, the first state to legalize recreational cannabis, recent survey results reveal a noteworthy shift in youth behavior. According to the latest Healthy Kids Colorado Survey (via Colorado Sun), fewer than 13% of high schoolers reported using marijuana in the past month, marking the...
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Colorado's Cannabis Sales Figures Paint Dismal Picture Of A Pioneering Industry, Here's What Went Wrong
Thursday, June 13, 2024 - 12:37pm | 597After slightly rebounding in March, Colorado cannabis sales saw a 5% month-over-month decrease in marijuana products purchased dropping to $120.1 million in sales in April. That's the worst April sales performance since 2016, data by the state Department of Revenue suggest. The total April sum...
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Maryland, Ohio And Illinois Defy The Trend In M&A Activity: What Investors Can Learn
Tuesday, June 11, 2024 - 9:36pm | 905Despite an overall decline in mergers and acquisitions (M&A) across the cannabis industry, a few states are bucking the trend, showcasing growth and resilience. Recent data from Viridian Capital Advisors provides a comprehensive view of this dynamic sector, highlighting intriguing patterns for...
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Ex-Broncos' Randy Gregory Sues NFL For Blocking Prescribed Medical Cannabis Treatment & Fining Him Over $532K
Friday, June 7, 2024 - 5:18pm | 832Former Denver Broncos linebacker Randy Gregory filed a lawsuit against the NFL and the team on Wednesday for preventing him from using prescribed synthetic cannabis. Gregory, now with the Tampa Bay Buccaneers, says he was fined $532,000 from his salary for testing positive for Dronabinol, an FDA-...
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Over $20 Billion In Green: Cannabis Is A Lucrative Harvest For Legal Weed States
Wednesday, June 5, 2024 - 10:24am | 773Since Colorado and Washington became the first states to legalize adult-use cannabis sales in 2014, a green wave has swept over the U.S. This progressive shift has not only transformed social norms but also yielded surprising financial benefits for participating states. A new report by...
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Mike Tyson's Cannabis Products Available In 'Even More Dispensaries' In Colorado Via New Partnership, Here's Where To Find Them
Thursday, May 16, 2024 - 12:38pm | 463TYSON 2.0, the premium cannabis brand from legendary boxer Mike Tyson is expanding in Colorado where it first debuted in 2021, according to a Thursday announcement. The company has teamed up with Seven Point Distributors, which specializes in the seamless movement of cannabis products from...
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Colorado Cannabis Company: Q1 Revenue Skyrockets 293% YoY To $1.1M Amid German Market Focus, Eyeing European Expansion
Friday, May 10, 2024 - 11:11am | 542CBD of Denver Inc. (OTCPK: CBDD) released its financial results Friday for the first quarter of 2024, showing a significant increase in revenue to $1.1 million, up from $285,779 in the same period last year. The Colorado-based cannabis company’s startling 293% year-over-year revenue growth is...
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Colorado, New Hampshire Send Cannabis Bills To Governors, Illinois' Social Equity Licenses And Updates From Kansas And Montana
Thursday, May 9, 2024 - 11:05am | 1330Colorado: Bipartisan Cannabis Bill To Streamline Regulations Heading To Governor The Colorado General Assembly gave final approval Wednesday to a bipartisan bill aimed at streamlining the state's marijuana regulations. It is now headed to Gov. Jared...
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Colorado's Weed-Themed License Plate Auction Kicks Off: Bid Now, Help Raise Money For Disability Causes
Monday, April 22, 2024 - 8:49am | 473How would you like to buy a vanity plate that will help fund a good cause and let the world know what your favorite pastime is? The Colorado Disability Funding Committee launched an auction for the rights to 10 special license plates to raise money for programs intended to help people with...
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Colorado Senate Approves Controversial Bill Restricting Social Media Posts On Substances Like Legal Hemp, Psychedelics
Thursday, April 18, 2024 - 5:56pm | 681The Colorado Senate has passed SB24-158, a bill that significantly tightens regulations on social media content related to cannabis, psychedelics and hemp products. This bill, which has sparked a heated debate about free speech and digital regulation, could significantly alter the landscape of...
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Colorado Residents Are Happy With Legal Weed: A Decade Later They Especially Praise Positive Economic Impact
Thursday, April 18, 2024 - 1:12pm | 670More than a decade after Colorado opened its first legal cannabis shops, residents seem to be delighted. New polling results reveal that the majority (71%) of voters continue to support the legalization of recreational cannabis use. As many as 63% think the tax revenue generated by marijuana sales...
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Colorado Cannabis Sales Experience Second Consecutive Monthly Decline In February
Monday, April 15, 2024 - 2:40pm | 806Colorado’s once-thriving cannabis market is grappling with another setback as sales dipped for the second consecutive month. Data released by the Colorado Department of Revenue reveals a decline in total cannabis sales for February, dropping from $115.4 million in January 2024 to $114.4...
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New Jersey Debates How To Spend $3.1M In Cannabis Tax, Hawaii Expands Decriminalization, Colorado Revises Social Media Bill And More
Wednesday, April 3, 2024 - 8:57am | 779New Jersey Debates Social Equity Cannabis Tax Allocation New Jersey is deliberating the allocation of its social equity cannabis tax funds as advocates call for more investments in business support, community development and legal assistance. The tax, aimed at addressing the impact of drug war,...
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Goodbye To Weed Posts In Colorado? Lawmakers Target Social Media Promotion Of Cannabis And Psychedelics
Tuesday, March 19, 2024 - 2:31pm | 477Colorado legislators have introduced SB24-158, a bill that significantly tightens regulations on social media content related to cannabis, psychedelics, and hemp products. Crafted with the intent of Internet age verification and content regulation, the proposed legislation demands that social media...