colorado

Business
The Marijuana Industry’s Cash Problem

The Marijuana Industry’s Cash Problem

The legal marijuana industry is booming, but it has a problem, a problem that grows along with its success: cash.

Because of federal law, banks don’t want to touch the cash made by legal cannabis retailers. This means business owners have to find a secure way to transport and secure the cash they have on hand. One of those ways to secure cash is the marijuana “kiosk.”

Business
Over $117 Million of Legal Marijuana Sold in Colorado in April

Over $117 Million of Legal Marijuana Sold in Colorado in April

In the month of April some $117 million worth of legal cannabis was sold in Colorado, setting a record for the relatively short history of legal marijuana sales in the state. It’s sure to be a record broken time and time again.

Recreational marijuana sales accounted for over $76 million of the record total, which is not surprising considering how much larger and less restricted – in terms of customer base – that market is. Overall, recreational sales saw an 80% increase over sales from last Aril.

Business
World's First Marijuana Mall to Open in Colorado

World's First Marijuana Mall to Open in Colorado

Coming soon to Colorado is the “World’s First Pot Mini Mall”, scheduled to open later this year in Trinidad, CO.

The Marijuana Mini Mall will occupy five separate properties on North Commercial Street, bringing buds together in a one-stop shopping area for all your weed needs. Trindad’s Planning, Zoning, and Variance Commission has already approved building permits to Trinidad Holding Company, LLC, and developers Sean Sheridan and Chris Elkins only await final approval from City Council before they start construction.

Politics
City in Colorado Using Marijuana Tax Money to Help Homeless

City in Colorado Using Marijuana Tax Money to Help Homeless

Officials in the city of Aurora, Colorado say they will be directing some of the tax revenue from recreational marijuana toward programs designed to help the homeless.

In all about $1.5 million in revenues will be used for homeless programs, including some money to local groups to buy vans for homeless outreach as well as $200,000 to a nonprofit organization that assists homeless people living in hotels.