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Colorado’s cannabis industry is enduring its first sustained downturn since recreational weed sales began

Colorado’s legal marijuana industry is weathering its first sustained downturn since dispensaries began selling recreational weed in 2014. Dispensaries are closing. New ventures, like delivery services and social clubs, are struggling. Tax revenues are plummeting. And across the industry, layoffs are sending marijuana workers packing. Colorado’s green boom is beginning to bust as more states […]

Posted inBusiness, Marijuana, News

Welcome to Kush, Colorado, the new Napa Valley of weed if one entrepreneur has his way

MOFFAT — Erick Reichwald pulls his truck and camping trailer into the freshly graveled alley and hops out.  “Where’s my lot again?” he asks Mike Biggio. Biggio, the co-owner of Moffat’s Area 420 cannabis business park — the largest commercial marijuana operation in the country — points his newest resident to a 1-acre parcel of […]

Posted inBusiness, Marijuana, News, Politics and Government

Robberies, deaths renew calls for Congress to pass legislation letting cannabis businesses access banking

By Gene Johnson, The Associated Press SEATTLE — A surge in robberies at licensed cannabis shops — including a pistol-whipping, gunshots and killings in Washington state last month — is helping fuel a renewed push for federal banking reforms that would make the cash-dependent stores a less appealing target. “It makes absolutely no sense that […]