Marijuana Refinery Sues Boulder-Based Wana Brands Alleging $5 Million in Damages Following Failed Merger

COLORADO: A Colorado marijuana refinery, LP Capital LLC (LP), has sued Mountain High Products, which does business as Wana Brands, an edibles company, and the edible maker’s CEO following a failed merger. The refinery’s lawsuit (District Court, Boulder County, 2018CV30336) seeks monetary damages, to enjoin Wana from using and continuing to use certain business information learned during the merger negotiations and from continuing to employ a key employee it hired during the negotiations from LP.

According to the suit filed by Henderson-based refinery LP, Wana, which dominates Colorado’s infused product market and its part-owner and CEO, Nancy Whiteman, began merger discussions with LP in July 2017.

In building its vape strategies, the suit says LP had spent more than one year and approximately $2 million dollars hiring a marketing firm, an internal marketing person for brand design, packaging, and “go to market” strategy, a chemist to work on formulation and to build and equip a lab, two industry veterans to work on hardware, production and related vape strategies, acquiring Shift Cannabis for the company’s industry knowledge and contracts to develop the business plan and hiring a sales manager and other sales personnel.

LP’s lawsuit says merger discussions ended in December 2017 after its sales allegedly plummeted and several LP employees resigned allegedly in anticipation of the merger. LP’s key employee, a sales and new product designer, by then had been allowed to become an employee of Wana, the suit alleges.

LP owns and operates a marijuana products refinery in Adams County, Colorado, the suit says, adding that its product lines include marijuana “distillate oil” in the form of “vape” pen cartridges and syringes, as well as “solid states” products such as shatter and waxes.

Green Dot Labs Announces Strategic Partnership With Tuatara Capital

COLORADO: Green Dot LabsBoulder, Colo.-based producer of fine cannabis extracts, announced today the closing of its Series A round with a $3.3 million lead investment from Tuatara Capital.

“To date, Green Dot Labs has focused on developing quality-driven indoor cultivation and extraction methodologies and delivering high-end products to the Colorado market. Tuatara shares our commitment to producing quality cannabis products as well as our vision for innovation and regulatory leadership. We are confident that our partnership with Tuatara will support our company in reaching its full potential as a leader and standard-bearer in cannabis and concentrate production,” said Green Dot Labs Co-Founder and CEO Alana Malone.

Concentrates are currently the fastest-growing product segment in the cannabis industry, occupying the #2 share position overall. In 2016, recreational sales in this category reached combined sales of $498.8 million and grew by 83.9% in ColoradoWashington, and Oregon.

Marijuana Marketplace Tradiv Finds A Home in Boulder

COLORADO: As marijuana becomes increasingly mainstream, the online marketplace is becoming the potrepreneur’s next frontier.

Enter Colorado’s online marijuana wholesaler, Tradiv.com. Within a year of operating, the company has received $1 million from investors to launch its website and hire new employees, increasing its full-time staff to nine people.

“We’re like Amazon for marijuana wholesalers,” said Lisa Buffo, Tradiv’s chief marketing officer.

Tradiv is part of a growing number of businesses that are considered cannabis tech startups. With recreational and medical marijuana gaining more approval nationwide—23 states and Washington, DC, have legalized marijuana in some form—Tradiv and others are trying to bring a service to the Internet for an industry that can’t yet establish its own banking system beyond cash on hand.

Boulder To Take New Look At Marijuana Regulations

COLORADO: Representatives of the marijuana industry, supported by Boulder City Councilman Macon Cowles, want the city to reconsider its approach to marijuana regulation and come in line with the rest of the state, but top city officials say the more stringent approach has resulted in a safer city while still allowing businesses to be competitive.

Cowles said the city’s regulations may have made sense when legal marijuana first exploded in 2009 and the industry included shady actors with criminal records, but the remaining 77 licensed businesses have shown themselves able and willing to follow exacting rules and shouldn’t have to live with a “zero tolerance” policy for any rule violation and city staff who have the discretion to revoke a license without an administrative review.

“Most people in the industry feel like it isn’t working that well,” Cowles said. “They feel like they’re hanging from a thread that could be cut at any time. Our ordinance says that having a marijuana business is not a property right. It’s a privilege. We say there’s zero tolerance and no administrative review. That makes someone feel pretty insecure, and that’s not fair.”

Denver Dank Vs. Boulder Bud: How The Cities’ Pot Scenes Differ

COLORADO:  In the microcosm of Colorado marijuana, how do Denver and Boulder compare to one another?

Is Denver the more conservative, older sister to a younger, more liberal brother in Boulder? The answer might surprise you.

Denver pot shop L’Eagle owner John Andrle and Stashlogix co-founder Sam Campbell join Denver Post marijuana editor Ricardo Baca on The Cannabist Show to compare Denver and Boulder’s marijuana communities.

Boulder Takes New Look At Pot-Shop Merchandising Ban

COLORADO:  You can buy pot in Boulder, and you can buy pot-leaf shirts. But you can’t buy shirts with the logo at any of the city’s retail marijuana shops.

The city code bans retail marijuana establishments from selling or giving away any products with their name or logo.

Several Boulder City Council members believe it is time to reconsider that provision, which appears to be unique to Boulder among Colorado towns that allow recreational marijuana sales.

“The Boulder businesses are at a disadvantage,” said Councilman Andrew Shoemaker. “Meanwhile, the Denver businesses can advertise and even sell merchandise in Boulder because they aren’t licensed here. We’re surrounded by other jurisdictions that are selling this, and we’re putting Boulder businesses at a disadvantage against other Colorado businesses and even more so as other states legalize it.”

 

To Keep Business Growing, Vendors Rebrand Pot’s Stoner Image

COLORADO:  From the outside, Jan Cole’s recreational marijuana store in Boulder, Colo., just feels welcoming. Big glass windows let in natural light, and the walls are painted in soothing earth tones. Cole used her background in spa management to build a “warm and inviting” pot shop that puts customers at ease.

In fact, the store’s name, The Farm, is so inconspicuous, “we have a lot of people who come in think that we might be an organic food grocer or something,” she says.

And that’s exactly who Cole is trying to attract: the tote-bag carrying, socially conscious, natural-food crowd. She advertises her cannabis as pesticide-free, organic and, of course, locally grown.

“I don’t think we’ll ever be as big as Whole Foods, but Whole Foods is a good example of the type of clientele that we attract,” she says.

Newly Legal Pot To Be Delayed Weeks, If Not Months, In Boulder County

COLORADO:  Marijuana opens for business in Colorado on Jan. 1 — but not in Boulder County.

More than a hundred state licenses for retail marijuana stores have been issued in Denver, but just one in all of Boulder County. Marijuana businesses also need local approval, and a web of regulations means even that business — The Canary’s Song in Nederland — won’t be able to sell pot to the general public until late January at the earliest.

In Denver, 14 pot shops so far have received the local approval needed to open Jan. 1. [Read more…]

Tickets For Public Pot Use In Boulder Quadruple Since Amendment 64

COLORADO:  In the year since Amendment 64 legalized the possession of small amounts of marijuana in Colorado, Boulder police have issued nearly four times as many tickets for smoking pot in public — which is still illegal.

Boulder police Chief Mark Beckner said that while his officers have stopped ticketing people for mere possession of marijuana, more and more people have been smoking it in public since Amendment 64 was passed by voters. [Read more…]

Colorado District Attorney Evolves On Marijauna Laws

COLORADO:  When he started his tenure as district attorney of the 20th Judicial District of Colorado in 2009, Stan Garnett had not given marijuana a lot of thought.

“The legislature decides what the laws are, and my job is to enforce them,” Garnett said during a recent interview. “When I came into office, marijuana was illegal except in certain medical situations, and I inherited a couple of felony cases that my predecessor had filed that were prosecutions for possession of marijuana.”

This was at the same time that the Obama administration first indicated it wouldn’t interfere with states that legalized medical marijuana, which resulted in a stampede of dispensaries opening in Colorado, which had legalized medical use with the passage of Amendment 20 in 2000 but hadn’t codified rules and regulations for dispensary operations. [Read more…]