Colorado Cannabis News

Denver, Colorado has collected more than a half-billion dollars in cannabis tax revenue and industry fees since the city’s first dispensaries opened, topping $501.5 million for the city in August.

Colorado’s cannabis tax revenues from the 2022-2023 fiscal year are outpacing the state’s tax revenues from cigarettes, other tobacco and nicotine products, and alcohol.

Colorado Gov. Jared Polis (D) said he plans to issue pardons for all criminal convictions in the state related to psychedelics.

Colorado Gov. Jared Polis (D) signed a bill to legalize the online sale of cannabis products. Under the new law, customers must provide proof of age and purchases must be picked up in person.

Colorado Gov. Jared Polis (D) signed a bill last week to implement medical psilocybin legalization and decriminalize the personal use and cultivation of other natural psychedelics; the proposal marks lawmakers’ response to last year’s successful psychedelics legalization voter initiative.

Colorado-based Terrapin said it has canceled its plan to build a production facility in Auburn, New York due to ongoing delays in the state’s licensing process.

Colorado announced the launch of its statewide Cannabis Business Loan Program, established through a partnership between NuProject and the administration of Gov. Jared Polis (D).

Colorado’s February cannabis sales this year declined 14.2% from the same month in 2022, continuing an overall year-over-year decline in both adult-use and medical cannabis sales for the state.

Colorado-based Veriheal opened submissions on Tuesday for its fourth annual Innovation in Cannabis Scholarship Fund, which will award $10,000 each to three students for college tuition and fees.

Colorado cannabis company Terrapin has installed a first-of-its-kind cannabis vending machine — the ACE, or Automated Cannabis Experience — at the company’s Aurora-based dispensary.

Cannabis tax revenue in Colorado fell from $423 million in 2021 — during the peak of the coronavirus pandemic — to $325 million in 2022

This week in Aurora, Colorado, officials are opening the city’s second community recreation center funded by cannabis taxes.

Psychedelics including psilocybin, DMT, ibogaine, and mescaline are now legal at the state level for Colorado adults aged 21 or older.

Google said it will allow hemp and CBD companies to advertise on its platform starting next year but only in California, Colorado, and Puerto Rico.

Colorado voters passed the legalization of psychedelic mushrooms on Tuesday; the move will let people aged 21 or older grow and share psychedelic mushrooms and will establish state-regulated “healing centers” where people can make appointments to consume psilocybin in a controlled environment.

The result of the ballot initiative to decriminalize and regulate psychedelics in Colorado is still too close to call the day after Tuesday’s elections.

Colorado has sold $13.4 billion worth of adult-use cannabis since its legalization in 2012, generating $2.2 billion in taxes for the state. 

Voters in Colorado will vote next month on the legalization of psilocybin and psilocin for therapeutic purposes.

Denver city officials are set to consider making cannabis delivery licenses permanently exclusive to social equity applicants.

While 19 states have opted to legalize adult-use cannabis, those states still cannot guarantee regular access to safe and regulated cannabis products thanks to controversial industry opt-out clauses for municipalities, towns, and counties.

Denver Packaging Co. must pay a $15,000 fine for displaying products at its booth during the city’s Mile High 420 festival last April while regulators hold an additional $30,000 fine in suspension for a year, in case of future violations.

Josh Wurzer is Chief Operating Officer and Co-founder of SC Labs, a cannabis testing laboratory chain operating in California, Colorado, Michigan, and Oregon.