Colorado

Business
Colorado Marijuana Taxes

Recreational Weed Outsells Medical in Colorado, Brings Total Tax Revenue to $18.6 Million

Just seven months since legalization, recreational marijuana has outsold medical in the state of Colorado.

Well, that didn’t take long.

Tax records for July show that recreational dispensaries in Colorado made $28,921,068, while medical dispensaries made $28,313,034, amounting to a $608,000 difference. There are currently about 200 recreational dispensaries in Colorado compared to 400 medical dispensaries, but it is predicted that more medical will convert to recreational to get a piece of the rising action.

Business
Colorado Officials Introduce "Seed-To-Sale" Marijuana Tracking System

Colorado's Weed Tracking System Is Orwellian, Expensive, Unwieldy

Earlier this week Colorado officials introduced the Marijuana Inventory Tracking System, which is designed to track every plant and marijuana product through a small ID chip inside a tag that has a retail or medical marijuana license number, plus a product serial number on it. A database will track the plants or products from their point of origination to their point of sale, much the way big retailers track their inventory. Officials hope this system will keep some legal marijuana out of the black market.

Legal
Denver Launches Pot Law Website

Denver Launches Pot Law Website

On Monday the city and county of Denver launched a new informational website about marijuana as part of a public education effort in the run up to Jan. 1, 2014.

Sales of cannabis to adults over 21 begins on the New Year and the site hopes to “help residents, businesses and visitors understand what is and is not allowed under retail marijuana laws within the city,” the Denver Mayor’s office writes Monday.

Business
Colorado Ski Resorts Warn Against Weed

Colorado Ski Resorts Warn Against Weed

While just about everyone in Colorado is brimming with anticipation for legal recreational marijuana for the new year, one unlikely source has emerged as the Debbie Downer against it: ski resorts.

Fox News reports that while tourism companies are welcoming the new law with open arms, ski resorts represented by Colorado Ski Country USA don't want to mix snow with weed.