Search Results for: colorado

Colorado’s Monthly Marijuana Sales Top $100 million

Dank Denver

COLORADO: Marijuana sales blazed past the $100 million mark for the first time in August, the Denver Post reported over the weekend. According to sales data from Colorado’s Department of Revenue released Friday, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million — Read the full article…

U.S. Agents Crack Down On Illegal Marijuana Sites On Colorado Public Lands

"Some illicit grows were located in multiple residences and outbuildings, while many others were located on federal land, causing environmental damage to the land that may take years to mitigate,"

COLORADO: Several large marijuana cultivation sites in Colorado that were being used by traffickers to ship the drug to other states have been dismantled by federal agents and state police in the past six weeks, authorities said on Thursday. Since mid-August, federal, state and local law-enforcement agencies have raided the illegal pot cultivation sites in the Read the full article…

Colorado Marijuana Users Sue Grower Over Fungicide

The fungicide is approved for certain edible agricultural crops, but not for smokable products such as tobacco, according to the complaint filed in Denver District Court.

COLORADO: Two Colorado marijuana users have sued a cannabis grower claiming a “patently dangerous” agricultural fungicide that becomes poisonous when ignited was applied without their knowledge to pot plants they later smoked, court documents showed on Monday. Brandan Flores and Brandie Larrabee allege that distributor and retailer LivWell has for years applied Eagle 20, a fungicide Read the full article…

Colorado Cannabis Producers Have Legal Alternatives To “Organic” Label

Dank Denver

COLORADO: Any other operation that routinely labeled its products “organic” without certification to back up the claim would have been shut down and fined almost immediately, an expert in organic certification said. Colorado’s cannabis industry, though, has benefited from the regulatory gray area where it resides, producing a product that is legal to consume and Read the full article…

Revenue From Colorado Marijuana Tax Expected To Double In 2015

According to financial data released last week, the state also raked in significantly more money taxing marijuana than it did taxing alcohol for the yearlong period of July 2014 to June 2015, with marijuana netting almost $70 million and alcohol just under $42 million.

COLORADO: It’s heady times in the Mile High City, and that’s just at the state budget office. Colorado is on track to more than double the state’s marijuana tax revenues this year, showing up the $44 million collected in 2014 with a projected 2015 windfall of $125 million, reports The Guardian. The state hoped to collect $70 million in 2014, Read the full article…

Colorado’s Marijuana Tax Revenues Nearly Double Last Year’s Figures

Can weed fix the US Economy?

COLORADO: Legal marijuana tax revenues have been breaking records in Colorado this summer, nearly doubling monthly numbers from last year and on pace to exceed projections of legal sales that bring revenue back to the state. Through the first seven months of this year, Colorado has brought in nearly $73.5m, putting the state on pace to collect over Read the full article…

Colorado Marijuana Law Point Of Contention During GOP Debate; Bush Smoked 40 Years Ago

“Too many Americans have seen their lives destroyed because they have criminal records as a result of marijuana use,” Sanders told a live audience of more than 1,700 students, which erupted with applause. “That’s wrong. That has got to change.”

CALIFORNIA: Colorado’s recreational marijuana law took center stage for a time during the Republican presidential debate Wednesday night. It certainly was a political point of contention. New Jersey Gov. Chris Christie defended his position that if he’s elected president, he would enforce the federal law and make it illegal to smoke marijuana recreationally in Colorado. Jeb Read the full article…

Colorado Marijuana Holiday Saves Growers Big Bucks

At Colorado Harvest Co., a chain of dispensaries in the Denver area, owner Tim Cullen saved $45,000 — before even opening his doors to the first customer.

COLORADO: Colorado’s marijuana growers were the big winners Wednesday when the state suspended new recreational pot taxes, a tax quirk that saved shoppers some sales tax but saved wholesalers tens of thousands. Prompted by a quirk in state tax law, the one-day tax suspension allowed growers to transfer a month or more of inventory without Read the full article…

Report Looks At Impact Of Legal Marijuana In Colorado

Michigan likes its marijuana

COLORADO: A report released Tuesday by a federally-funded agency paints a picture that commercial marijuana is causing problems in Colorado. Though the Rocky Mountain High Intensity Drug Trafficking Area says its report doesn’t make a judgment, it’s easy to make that assessment based on the statistics provided. Marijuana supporters disagree with the findings. “Yeah, it’s Read the full article…

Why Colorado Has A Tax-Free Holiday For Marijuana

The tax break is happening because Colorado underestimated overall state tax collections last year. Under the state constitution, the accounting error triggers an automatic suspension of any new taxes — in this case, the recreational marijuana taxes voters approved in 2013.

COLORADO:  An accounting error in Colorado is paying off for marijuana consumers Wednesday, when a quirk in a state tax law prompts the state to suspend most taxes on recreational pot. The one-day pot tax holiday means Colorado won’t collect 10 percent sales taxes on pot. The state is also suspending a 15 percent excise Read the full article…