Marijuana delivery, social equity reform and other Colorado cannabis trends to watch in 2021

Colorado’s marijuana industry experienced a banner year in 2020 — not in spite of the COVID-19 pandemic, but because of it.

Dispensaries across the state were declared essential businesses and allowed to operate while bars, restaurants and gyms were forced to close. That designation helped sales exceed analysts’ expectations.

According to Roy Bingham, co-founder and executive chairman of Boulder data firm BSDA, the national market grew more than 45% to $18 billion in 2020, outpacing forecasts by about $2 billion, an increase attributable to “the COVID effect.” Cannabis consumers shopped less frequently but purchased more, including many newcomers with increased at-home time on their hands, he said.

Read the rest of this story on DenverPost.com.

Read more
  • 0

Marijuana: 4 things to watch for in California in 2021

Making predictions about California’s marijuana industry was a challenge even before a global pandemic changed everything.

It’s not just that the legal cannabis market, which launched three years ago in California, is so new. It’s also the singularity of an industry in which licensed, legal operators still compete against a much larger illicit market, even as the industry’s core consumer product — which is medicine for some people — remains illegal at the federal level.

Some of the trends that were expected to shake up California’s marijuana industry at the start of 2020 were overshadowed or fully sidelined by the coronavirus. Still, California’s marijuana businesses fared better than some other sectors thanks to their “essential” designation, which allowed retailers and others in the supply chain to stay open and generate revenue during lockdowns.

Read the rest of this story on ocregister.com.

Read more
  • 0

California cannabis businesses weathered 2020 better than many industries, but challenges persist

No one would say Year Three was the charm for California’s legal cannabis businesses, as many in the industry spent 2020 struggling with a global pandemic, high tax rates and illegal competitors that the state just can’t stamp out.

But marijuana businesses are faring better this year than some other sectors thanks to their “essential” designation, which allows retailers and others in the supply chain to stay open during lockdowns. Some also believe the “essential” label is providing an image boost for an industry that’s long been stigmatized.

“I think it shows a real cultural shift in how cannabis is being viewed,” said Josh Drayton, spokesman for the Sacramento-based California Cannabis Industry Association trade group.

Read the rest of this story on ocregister.com.

Read more
  • 0

2020 is already the highest-selling year for weed in Colorado

Colorado dispensaries sold more marijuana in the first 10 months of 2020 than they did during a record-setting sales year in 2019.

October sales totaled more than $199.7 million in October, pushing the state’s annual revenue to more than $1.8 billion, according to the Department of Revenue. By comparison, sales totaled about $1.75 billion in 2019, making this the highest selling year since recreational weed hit the market in 2014.

Sales were poised to crush the record following several lucrative summer months, despite the ongoing coronavirus pandemic. Colorado hit an all-time monthly high in July with $226 million in sales. That was also the first time monthly totals surpassed $200 million.

Read the rest of this story on DenverPost.com.

Read more
  • 0

Aurora says yes to recreational pot delivery in Colorado’s third-largest city

Aurora’s nearly 400,000 residents — at least the ones 21 or older — may be able to tap on a phone screen and order up pot gummies and marijuana flower for delivery to their doorstep as soon as early next year.

The Aurora City Council on Monday night gave preliminary approval, by an 8-2 vote, to cannabis delivery in Colorado’s third-largest city. The ordinance will need a second vote in two weeks, and if it passes, deliveries of marijuana could begin in early 2021.

That would likely make Aurora one of the first cities in the state where consumers can place an order for recreational weed from their couch and wait for it to arrive in the comfort of their homes.

Read the rest of this story on DenverPost.com.

Read more
  • 0

Marijuana delivery and cannabis “bars” gain traction in Denver

Next year, Denverites may be able to have marijuana delivered to their homes if the city council adopts a new proposal to regulate delivery services.

On Monday, the Division of Excise and Licenses unveiled drafts of three bills intended to overhaul the local industry and enable more people of color to cash in on a still-booming industry. One, the Ominbus Bill, outlines the framework to launch marijuana delivery within city limits. The other two set the stage for Denver’s hospitality program, which would allow for the opening of businesses where enthusiasts could publicly smoke, eat, vape or otherwise consume cannabis.

One of the bills also removes the cap on how many dispensaries and cultivations may be established in the city, opening up the possibility for new locations for the first time since 2016.

Read the rest of this story on DenverPost.com.

Read more
  • 0

Orange County’s Democratic leaders celebrate historic House vote to decriminalize marijuana

Orange County’s all-Democratic congressional leadership celebrated Friday after the House approved a bill to decriminalize and tax cannabis at the federal level.

The vote, they believe, reverses what supporters describe as a failed policy of criminalizing marijuana consumption, and it takes steps to address racial disparities in enforcement of federal drug laws.

“Decriminalizing marijuana at the federal level is long overdue,” said Rep. Harley Rouda, D-Laguna Beach.

Read the rest of this story on ocregister.com.

Read more
  • 0

House votes to decriminalize marijuana at federal level

By MATTHEW DALY

WASHINGTON (AP) — The Democratic-controlled House on Friday approved a bill to decriminalize and tax marijuana at the federal level, reversing what supporters called a failed policy of criminalization of pot use and taking steps to address racial disparities in enforcement of federal drug laws.

Opponents, mostly Republicans, called the bill a hollow political gesture and mocked Democrats for bringing it up at a time when thousands of Americans are dying from the coronavirus pandemic.

Read the rest of this story on BostonHerald.com.

Read more
  • 0

House votes to decriminalize marijuana at federal level

WASHINGTON — The Democratic-controlled House on Friday approved a bill to decriminalize and tax marijuana at the federal level, reversing what supporters called a failed policy of criminalization of pot use and taking steps to address racial disparities in enforcement of federal drug laws.

Opponents, mostly Republicans, called the bill a hollow political gesture and mocked Democrats for bringing it up at a time when thousands of Americans are dying from the coronavirus pandemic.

“With all the challenges America has right now, (Republicans) think COVID relief should be on the floor, but instead, the Democrats put cats and cannabis” on the House floor, said House Minority Leader Kevin McCarthy, R-Calif. “They’re picking weed over the workers. They’re picking marijuana over (providing) the much-needed money we need to go forward″ to address the pandemic.

Read the rest of this story on DenverPost.com.

Read more
  • 0

Ticker: Biden has no immediate plans to lift china tariffs; San Francisco bans smoking inside apartments, pot smoking OK 

President-elect Joe Biden says he won’t immediately lift tariffs placed by President Trump on many imports from China or break Trump’s initial trade deal.

Biden says he wants to maximize his leverage in future talks with the United States’ geopolitical rival.

Speaking to The New York Times columnist Thomas Friedman, Biden said, “I’m not going to make any immediate moves, and the same applies to the tariffs.” Biden said in a column published Wednesday: “I’m not going to prejudice my options.”

Read the rest of this story on BostonHerald.com.

Read more
  • 0

Pot delivery in Massachusetts offers wiggle room for owners, community

When selling marijuana became a legitimate business in Massachusetts, it was seen as a welcome opportunity for entrepreneurs.

But any industry needs to innovate and adapt if wants to grow, and the marijuana enterprise is no different.

On Monday, the Cannabis Control Commission gave the high sign to new regulations that will allow for home delivery businesses.

Read the rest of this story on BostonHerald.com.

Read more
  • 0