Pharmacist Launches New CBD Company, Honest Herbal; Takes Top Honors in DOPE Competition

Kristy Redmon, Honest Herbal president, founder and a registered pharmacist, announced that the company is the recipient of two awards

COLORADO: Kristy Redmon, Honest Herbal president, founder and a registered pharmacist, announced that the company is the recipient of two DOPE Cup Colorado awards. The full-spectrum CBD hemp company placed first in the Best CBD Edible category for its capsules and took second place for Best Transdermal Cream. “We were thrilled to have our products recognized in the Read the full article…

MassRoots To Acquire CannaRegs

CannaRegs Founder and Chief Executive Officer Amanda Ostrowitz

COLORADO: MassRoots has announced the acquisition of CannaRegs, a leading technology platform that tracks changes in cannabis regulations and taxation at the municipal, state, and federal levels. MassRoots, Inc. has entered into a definitive agreement to acquire CannaRegs in a stock deal valued at approximately $12 million. The closing of the acquisition is subject to closing Read the full article…

Kirke LLC/Metro Denver Telluride Health Center LLC Voluntarily Recalls Medical Marijuana Due to Pesticide Residues

more pesticide recalls in Colorado

COLORADO: A Denver marijuana cultivation business Kirke LLC/Metro Denver Telluride Health Center LLC, doing business as The Hemp Center Colorado Springs and The Hemp Center, is voluntarily recalling all medical marijuana due to the presence of potentially unsafe pesticide residues. Samples of marijuana tested during a (DEH) investigation contained residual levels of Avermectin, Bifenazate, Imidacloprid and Myclobutanil, Read the full article…

Colorado: Tax Revenues From The Legal Cannabis Industry Surpasses Half-Billion Dollars

Legal cannabis sales continue to rise according to a new report from New Frontier

COLORADO: Revenues from Colorado’s legal cannabis industry have surpassed over a half-billion dollars since retail sales began on January 1, 2014. According to an analysis by VS Strategies, cannabis-specific taxes and fees have yielded $506,143,635 in state revenue over the past three and one-half years. (Local tax revenue was excluded from the analysis.) Much of the revenue raised has gone Read the full article…

Cannabis Software And Consulting Leader MJ Freeway Closes $3 Million In Series B Extension Investment

MJ Freeway and Cannabase strike integration deal

COLORADO: MJ Freeway, a leading provider of business management solutions and consulting services for the cannabis industry, has announced $3 million in Series B extension financing raised from existing investors. MJ Freeway received new investments from existing investors Roger McNamee and Tao Capital Partners. With the unprecedented growth of the cannabis market, the company will use this funding to invest in Read the full article…

Colorado Has Backed Off Plans For Marijuana Clubs

Colorado backs away from pot clubs

By Kristen Wyatt, Associated Press COLORADO: Colorado lawmakers have backed off plans to regulate marijuana clubs, saying the state would invite a federal crackdown by approving Amsterdam-style pot clubs. The state House voted Thursday to amend a bill that would have set rules for how private pot clubs could work. It was a dramatic reversal. Bring-your-own Read the full article…

Colorado Set To Prohibit Marijuana Co-Op Growing Operations

police groups and Hickenlooper, a Democrat, have called on lawmakers to curb the practice of assisting other recreational pot users.

By Kristen Wyatt, Associated Press COLORADO: Colorado was set Monday to outlaw marijuana growing co-ops soon after the state Senate unanimously approved a bill making it a crime for people to cultivate recreational pot for other people. The bill supported by the office of Gov. John Hickenlooper passed 35-0 but it was unclear when he would sign it. There Read the full article…

Hoban Law Group Files Ninth Circuit Petition To Challenge Recent DEA Classification of “Marihuana Extracts”

California PSA draws strong reaction

COLORADO: In an overreach of authority and without consulting Congress, the Drug Enforcement Administration (DEA) issued its Final Rule, the “Establishment of New Drug Code for Marihuana Extract,” on Dec 14, 2016. In response to the change, which serves to potentially devastate developing businesses and consumer, textile and manufacturing industries related to industrial hemp and other Read the full article…

Teen Marijuana Use In Colorado And Washington Dropped More Than The National Average in 2014-2015

fewer teens smoke pot in legal states

COLORADO: The federal government quietly published new national survey data this week that shows rates of teen marijuana use in Colorado and Washington — the first two states to legalize and regulate marijuana for adult use — decreased more than the national average in 2014-2015. Fewer teens in the two states are reportedly using marijuana than in Read the full article…

MassRoots Enters Into Definitive Agreement To Acquire Whaxy

MassRoots To Acquire Whaxy

COLORADO: MassRoots, one of the leading technology platforms for the cannabis industry, this week announced it has entered into a definitive agreement to acquire DDDigtal Inc. d.b.a. “Whaxy” & Cannabuild for $100,000 cash and 2,926,830 million shares of MassRoots’ common stock. Since launching in May 2016, Whaxy‘s menu management and online ordering platform for licensed cannabis businesses has processed Read the full article…