Sep 13 2023
Colorado marijuana sales brought in over $22 million in tax revenue in August. Data released by the Colorado Department of Revenue shows that the state made $22,861,745 in tax revenue from the legal distribution of marijuana. This is a modest increase over the $22.4 million in taxes made in July, and the $22.1 million made …
Sep 05 2023
On Tuesday Colorado Governor Jared Polis sent a letter to President Biden declaring support for the Department of Health’s recent request to reschedule marijuana. “We are pleased to hear that you have recently received Health and Human Services (HHS) recommendation to move cannabis to Schedule III”, Governor Polis says in the letter. “It’s about time. …
Aug 09 2023
In July Colorado garnered over $23 million in taxes and fees from the legal marijuana industry. According to the Colorado Department of Revenue the state made $22,399,914 in tax revenue from the legal distribution of marijuana and marijuana products in July. This is in addition to the $843,850 in fees the state earned during the …
Jul 13 2023
Colorado garnered over $22 million in taxes and fees from the legal marijuana industry in June. According to the Colorado Department of Revenue, Colorado made $21,157,517 in tax revenue from the legal distribution of around $120 million worth of marijuana and marijuana products. The state made another $966,702 from marijuana fees, bringing the total revenue …
Jun 01 2023
Colorado Governor Jared Polis has signed legislation into law that prevents a denial of professional licenses and certifications based solely on a civil or criminal judgement regarding the consumption, possession, cultivation, or processing of marijuana. Senate Bill 265 was sent to Governor Polis last month after passing the Senate 32 to 1 and the House …
May 09 2023
Colorado made $25 million in marijuana taxes in April according to data released today by the Colorado Department of Revenue. In total Colorado garnered $25,128,221 in tax revenue from the legal marijuana industry in April, an 8.6% increase from the $23.1 million sold in March. The taxes made in April are the most made so …
May 06 2023
The Colorado Legislature has sent legislation to Governor Jared Polis that prevents the Department of Regulatory Agencies from denying applications for professional licenses and certifications based solely on a civil or criminal judgement regarding the consumption, possession, cultivation, or processing of marijuana. Senate Bill 265 was sent to Governor Polis yesterday after being signed by …
Apr 30 2023
Colorado’s Legislature has passed legislation to prohibit regulators from denying applications for licenses and certifications based solely on a civil or criminal judgement regarding the consumption, possession, cultivation, or processing of marijuana. Colorado Senate Bill 265 was passed through the Senate on April 20 by a vote of 32 to 1. Today it was passed …
Apr 29 2023
A proposed Colorado law that would allow marijuana stores to sell marijuana and marijuana products online and deliver it to customers has been passed through its second reading in the state’s Senate. House Bill 1279 advanced through the House of Representatives earlier this month with members voting 40 to 23 in favor. Yesterday the measure …
Apr 26 2023
On Monday Colorado Governor Jared Polis and the Cannabis Business Office (CBO) announced the Cannabis Business Loan Program for social equity licensed cannabis businesses in Colorado. The CBO (a department within the Colorado Office of Economic Development & International Trade), has partnered with mission-based lender NuProject to provide financing that is not otherwise available to …
