Colorado Legal Cannabis By The Numbers

COLORADO: How big is Colorado’s legal cannabis business?  According to statistics reported on the official Colorado State website, there are more than 460 medical marijuana grows, and more than 700 adult use cultivations in the Centennial State; with more than 1100 retail stores: 430 medical dispensaries and 700 recreational shops.

Here’s how the numbers break out:

Medical Marijuana Business License Numbers:

  • 466 Cultivations
  • 4 Delivery (Permits)
  • 7 Operators
  • 217 Product Manufacturers
  • 1 Research and Development and Research Cultivation
  • 439 Stores
  • 10 Testing Facilities
  • 7 Transporters

 Retail Marijuana Businesses License Numbers:

  • 703 Cultivations
  • 3 Hospitality
  • 9 Operators
  • 284 Product Manufacturers
  • 597 Stores
  • 11 Testing Facilities
  • 10 Transporters

Individual Licensees:

  • 1,732 Business Owners Licensees
  • 39,642 Employee Licensees

Nominations Sought for Colorado State Hemp Advisory Committee

COLORADO:The Colorado Department of Agriculture (CDA) is seeking member nominations for its Hemp Advisory Committee (HAC). The HAC advises the Department and confers on all matters regarding the regulation of hemp.

Committee members assist the Commissioner of Agriculture and program staff in promulgating rules to carry out the Hemp Act, Title 35, Article 61, and provide advice and consultation to the Commissioner and program staff by reviewing rules, recommending new rules or changes to existing rules. Members also offer advice and consultation on the establishment of an inspection program to determine THC concentration in compliance with the USDA Interim Final Rule and approved Colorado State Hemp Plan.

HAC members meet quarterly and serve two to three year terms. Members may be nominated to serve two successive terms. The committee is comprised of 10 members and there are a number of current openings. Specifically, nominations are sought for the following positions:

  • One member with experience in hemp regulation – to serve until July 31, 2021.
  • One member who is a farmer from a cooperative – to serve until July 31, 2022.
  • One member who is a commercial farmer – to serve until July 31, 2022.
  • One member with experience in seed development and genetics – to serve until July 31, 2022.
  • One representative from a research institution of higher education –  to serve until July 31, 2022.
  • One representative from the cannabinoid industry – to serve until July 31, 2021.

CDA welcomes nominations from those interested in serving from third party Hemp Associations. People from diverse constituencies and communities of color are encouraged to apply.

Applications are due August 31, 2020. The nomination form is available here. Please contact industrialhemp@state.co.us with questions and learn more about CDA’s industrial hemp program here.

Helix Technologies Sells Security Guarding Business

COLORADO: Helix Technologies announced today the divestiture of its security guarding business. The strategic decision to sell the guarding unit solidifies Helix’s transition into a pure play technology company focused on the cannabis industry.

The divestiture of the guarding business is expected to increase gross margins and allow management to focus on growing the Company’s scalable, high margin suite of critical technology infrastructure services. Denver-based, Veteran-owned Invicta Group purchased the business and Security ProAdvisors LLC represented Helix in the sale. Helix will use the net proceeds to pay off existing liabilities and strengthen its working capital position.

“We are incredibly proud of what we have accomplished with Helix Security. In a short time, we went from start-up–without a single client– to the undisputed leader in the Colorado security market, clearing the field of well-established, larger competitors, and leveraged that dominant position to expand into higher-margin critical technology infrastructure, and data. Now we will continue to bring that same discipline to bear – focused solely on our core technology strengths and on creating a more streamlined value proposition for investors” said Zachary L. Venegas, Helix Technologies’ Executive Chairman and CEO. “The additional working capital and narrowed focus provided by the divestiture will allow us to accelerate growth and continue shaping the cannabis technology landscape.”

Paul Ballenger, Invicta Group CEO added “This is a tremendous opportunity for us and our investors. Helix built a dominant business, and I could not be more excited to leverage our expertise to continue the rapid growth. Recent social unrest has underlined the need for this type of service, and I am excited to help our clients continue to grow while feeling safe and confident in their future.”

7th Annual Mother’s High Tea – Tea Along The Rio de la Plata South America

COLORADO:  4 & 20 Blackbirds presents 7th Annual Mother’s High Tea® – Tea Along the Rio de la Plata South America, taking place at McNichols Building on Friday September 20, 2019, from 1pm to 4pm in Denver, featuring an inspiring speaker program, activities, nonprofit education and tea menu. Mother’s High Tea® is a public, non-consumption event celebrating mothers, business women, and advocates in the cannabis community. Cannabis Maven, Susan Squibb, with a volunteer committee is proud to produce and emcee Mother’s High Tea®, the longest running women’s cannabis event in the U.S.

Speakers: The speaker theme is personal and community wellness. The keynote speaker is Jessica Peck, Esq. Denver attorney, Ms. Peck is a constitutional scholar and passionate family law trial attorney, often representing families and kids in crisis. This year, she was appointed by Gov. Jared Polis to the Colorado Behavioral Health Task Force, Subcommittee on Children’s Behavioral Health, tasked with rebuilding Colorado’s juvenile mental health system. Over a decade ago, Ms. Peck co-founded Moms for Marijuana and Guarding Our Children Against Marijuana Prohibition. Dr. Lisa Calderón, currently Chief of Staff for Candi Cde Baca in Denver City Council District 9 was born and raised in Denver. Dr. Calderón holds a bachelor’s degree, master’s degree, law degree, and a doctorate in education. Her 30-years of public service also includes being a justice reform advocate, nonprofit executive and social justice organizer. She is a former university professor she has taught in academia for 15 years in the areas of Women’s Studies, Ethnic Studies, Sociology, and Criminal Justice. She has obtained several awards for inspirational leadership for her work serving the community.

Tea Along the Rio de la Plata South America comes to life with tea buffets and catering by Encore Catering & Culinary Services. The menu is inspired by the yerba mate teas and culinary regions of Argentina, Brazil, Paraguay and Uruguay.

The non- profit and educational tables feature information from National Alliance on Mental Illness, UCD Cannabis Cultures Anthropology Professor, Marty Otanez, and Denver Open Media.

Tickets: VIP tables, general admission and children tickets available through AXS website. GA Tickets are $35. Child tickets are $15. Children 4 and under are free. A VIP table for 10 is available for $425 with the promo code bestfriend10 at AXS.com. Each guest receives a passport to travel through event activities, a gift bag from event sponsors, and entries to prize drawings.

Susan Squibb, Cannabis Maven, is a trailblazer of the hemp and marijuana business and advocacy communities in Colorado. She is a paralegal, event producer and speaker.

First US Clinical Study Assessing Hemp-Derived Cannabinoid Supplementation In Recovery From Traumatic Brain Injury Begins In Colorado

COLORADO:  The Flowering HOPE Foundation and Clover Leaf University have just announced sponsorship and collaboration on the first US clinical study to be approved to investigate plant-derived cannabinoid supplements in recovery from brain injury. 

The study will analyze quantitative EEG brain activity and a cannabinoid-sensitive salivary biomarker in 40 subjects with mild traumatic brain injury and controls who currently take hemp-derived botanical supplements on a regular basis (i.e. phytocannabinoids). The study is recruiting adults age 18 to 55 to participate in the year-long trial. 

Jason Cranford, Founder of the Flowering HOPE Foundation, a Colorado registered 501(c)(3) nonprofit organization that supports the medicinal use of plant-derived cannabinoids, called phytocannabinoids, described the motivation for sponsoring the study: “We hope to provide scientific support for the benefits of the natural plant-based compounds contained in hemp and move a step closer towards the unrestricted availability of non synthetic cannabinoid therapeutics.”

Cranford is a pioneer in the emerging cannabis industry with more than 25 years experience in cultivation, extraction and formulations. His know-how allowed him to breed a unique hemp strain selected for a blend of phytoterpenes and phytocannabinoids designed to alleviate treatment-resistant epilepsy in children without psychoactive side effects. The resulting strain, called Haleigh’s Hope, was formulated into a supplement offered by the FHF (2013). 

The FHF has partnered with Clover Leaf University to study brain injury. The President and Founder, Chloe Villano, received accredited approval for CLU in 2013 by the Colorado Department of Higher Education’s Private Occupational School Board. Villano is a pioneer in the cannabis and hemp industry and prioritized brain injury for the study.

“This historic study is the first of its kind and it is a privilege to work with the Flowering HOPE Foundation to address the problem of brain injury and collaborate with a neuroscientist who understands the brain endocannabinoid system, such as Dr. Cooper. There are currently no effective treatments for traumatic brain injury or chronic traumatic encephalopathy, but phytocannabinoids may be a good candidate, based on the established science of anti-inflammatory and neuroprotective mechanisms. Clover Leaf University is excited to take the lead in clinical studies that will improve and save lives,” said Villano.

The lead neuroscientist responsible for the study,  Don Cooper, Ph.D, is President of Real-Time Diagnostics Ventures Inc. He has published 45 peer reviewed papers on neuronal memory formation/plasticity and has studied brain cannabinoids since 2000, when he received his first NIH grant. 

“I never thought it would take almost 20 years from when I started working on the brain cannabinoid system to have the first approved clinical study on phytocannabinoids and brain injury. We have convincing preclinical data showing that phytocannabinoids are neuroprotective and may be critically important for restoring neuronal function after brain injury,” stated Cooper.

For more information contact the study Clinical Coordinator at TBIstudy@protonmail.com.

International Hemp Oil Company, Functional Remedies, Acquires New Lab, Increasing Production Capacity Ten-Fold

COLORADO: Functional Remedies, vertically integrated manufacturer of whole-plant hemp oil products, announced a major expansion of its lab and production facility from 2,000 square feet to a new 25,000-square-foot facility located in Louisville, CO to meet the rapidly growing demand for its products across the U.S. and globally. Additionally, Functional Remedies recently moved into new 4,000-square-foot executive offices to house its expanding team.

“We are excited with our rapid growth, and our latest production and office expansions will help us continue building the most-advanced operations in the industry to meet the increasing demands for our full-spectrum hemp products domestically and internationally,” said Functional Remedies CEO Anthony Mazzotti. “We are fully executing on our aggressive 2019 plans and exceeding consumer expectations of how highly efficacious, full-spectrum hemp oil can impact health and wellness.”

Functional Remedies also recently announced that it signed five new agreements with natural retail broker networks to expand the distribution footprint of its products from 21 to 48 U.S. states. This comes at a time when the global industrial hemp market size is expected to reach USD $10.6 billion by 2025 and expand at a CAGR of 14 percent during the forecast period, according to a new report by Grand View Research, Inc.

“Our state-of-the-art 25,000-square-foot laboratory houses the production of the industry’s only hand-pressed, full-spectrum hemp oil using a proprietary whole-plant, lipid infusion process,” said Functional Remedies Chief Science Officer Tim Gordon. “Consumer demand is growing faster than education or regulatory structures can keep up, and many inferior products are willingly filling that grey market void. Functional Remedies’ mission is to continue educating consumers on the difference between lipid-infused, full-spectrum hemp oil and the majority of other products that are actually CBD isolate and concentrates made using harsh, CO2 extraction methods. Many of these products are mislabeled as full-spectrum which only adds to consumer confusion,” Gordon added.

 

 

PanXchange Launches Industrial Hemp Pricing

COLORADO: PanXchange, a Denver-based OTC physical commodity exchange and price reporting provider, today successfully launched its industrial hemp indices, becoming the first company to offer such pricing data to the market. PanXchange now delivers spot market pricing to its members, publishing on a monthly basis, and plans to launch trading capabilities in Q3 of this year.

Prices will be offered for the following hemp products:

  • FOB Portland, Oregon Hemp Biomass
  • FOB Portland, Oregon Crude Oil
  • FOB Denver, Colorado Hemp Biomass
  • FOB Denver, Colorado Crude Oil
  • FOB Lexington, Kentucky Hemp Biomass
  • FOB Lexington, Kentucky Crude Oil

While there have been other attempts to launch hemp trading, those efforts ultimately fizzled partially because of their non-optimal timing. With the signing of the 2018 Farm Bill on December 20, 2018, the industrial hemp industry is now primed for a period of rapid growth. Previously, despite industrial hemp’s wide array of end uses, including paper products, textiles, plastics, cannabidiol (CBD) and construction materials, it had been outlawed since the 1970s.

The increased product supply and the 2018 Farm Bill’s new federal distinction between hemp and marijuana have paved the way for hemp to be viewed as a commercial commodity. United States industrial hemp production has increased on an exponential scale, growing from 9,770 acres planted in 2016 to more than 25,000 acres planted in 2017. While the official figures have not been published by the USDA for 2018, preliminary estimates forecast similar growth to what was seen between 2016 and 2017.

PanXchange CEO Julie Lerner commented, “We’re excited to bring transparent pricing and instant market access to another new commodity, particularly a budding commodity like hemp that is just now establishing a legitimate market. The industrial hemp market is brimming with potential, and given our deep commodity experience and track record in nascent markets like frac sand, PanXchange is the perfect company to provide this market structure solution that commercial producers have been looking for.”

Hemp becomes PanXchange’s second U.S.-focused commodities market, after the launch of frac sand in 2017. PanXchange was the first company to create a market in frac sand, and saw tremendous growth in 2018, with its client base presently representing 45 percent of all sand traded (on and offline). PanXchange’s hemp market will follow the same blueprint as frac sand. If interested in learning more about PanXchange’s industrial hemp products, please contact info@panxchange.com.

Colorado’s Legal Cannabis Industry: By The Numbers

COLORADO: How big is Colorado’s legal cannabis industry? According to the Colorado Department of Revenue Enforcement Division, there are 675 medical marijuana cultivators supplying 239 infused product manufacturers, with 735 cultivators supplying 549 retail stores in Colorado.

Here are the official numbers as of January 2, 2019.

Colorado Cannabis By the numbers

Source: MED Resources & Statistics 

Scott Durrah, First African-American Licensed Dispensary Owner, To Run For Denver City Council.

COLORADO: Scott Durrah, owner of Simply Pure Dispensary and longtime Denver resident, has announced his candidacy for NW Denver, District 1 City Council.  With the rise of politically diverse voices emerging across the country, Durrah, a Marine veteran, long-time entrepreneur and activist who has campaigned for many officials from President Obama to Colorado’s recently-elected and newly dubbed “Pot Governor” Jared Polis, believes now is the time to join the race and represent his community.
Scott Durrah For Denver City Council“I’m running to take a principled stand for residents of this district on a wide range of issues including an emphasis on community focused development and addressing the ongoing concerns with our infrastructure at a time of hyper growth,” says Durrah.Over the last decade, Northwest Denver has seen significant changes, especially in the relationship between residents and development. The growing population and rise in rental costs and property values have pushed out many long-time locals and small business owners. Durrah, who has solid relationships with old and new community members says, “there must be a bridge that connects real solutions to our growing community issues.”

Durrah and wife Wanda James have owned and operated five businesses employing over 100 people in their 13 years as homeowners and residents of NW Denver.  The couple is known in Colorado politics as fundraisers for President Obama’s National Finance Committee and are nationally known for their work in social justice and advancing the legalization of cannabis. Scott’s television appearances include The Daily Show, CBS This Morning’s “Eat, Drink & Be Merry” and VICE as a professional chef and as an advocate for medical marijuana education.

As the first African-American in the United State to receive a legal vertical cannabis distribution, cultivation and production license, Durrah is also among a growing number of voices speaking to the political power of cannabis.  Across the country, from 2020 presidential hopefuls to local elections, candidates are throwing their support behind cannabis legalization and its potential to generate tax revenue for community reinvestment, as well as beginning to address long-standing  social justice issues.

Durrah says, “I value the people in my community and I know I can make a difference. My diverse professional background has prepared me to take on this responsibility. I am the bridge that connects residents and small businesses to local government. As the City Council member representing District 1, I will be the eyes, ears and voice for our community and speak for the responsible community-driven growth we want for all neighborhoods.”

Study: CBD Dosing Relieves Symptoms In Patients With Anxiety Disorders

COLORADO: The daily administration of CBD is associated with sustained symptomatic relief in patients diagnosed with anxiety disorders, according to the results of a case series published in The Permanente Journal.

Investigators at the University of Colorado, Denver and Colorado State University assessed the adjunctive use of low daily doses of CBD (typically 25mg capsules) over a three-month period in a cohort of patients diagnosed with either sleep or anxiety disorders.

Researchers reported that patients experienced a “mild improvement” in sleep scores, and a larger “more sustained response to anxiety.” They also reported that “CBD appears to be better tolerated than routine psychiatric medications.”

Authors acknowledged that the therapeutic doses used in the study were far lower than those typically associated with anxiolytic action in prior clinical trials.

They concluded: “Anxiety scores decreased fairly rapidly, and this decrease was sustained during the study period. … Randomized and controlled trials are needed to provide definitive clinical guidance.”


For more information, contact Paul Armentano, NORML Deputy Director, at: paul@norml.org. Full text of the study, “Cannabidiol in anxiety and sleep: A large case series,” appears in The Permanente Journal.