Category: Colorado
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Municipal Cannabis Ballot Measures – November 8, 2022
DATE STATE COUNTY MUNICIPALITY Nov 8, 2022 CA Kings Avenal Nov 8, 2022 CA Los Angeles Baldwin Park Nov 8, 2022 CA San Mateo Burlingame Nov 8, 2022 CA Los Angeles Claremont Nov 8, 2022 CA Riverside Corona Nov 8, 2022 CA Lassen County of Lassen Nov 8, 2022 CA Los Angeles County of Los…
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Will Your Security Plan Protect Employees?
Marijuana dispensary burglaries in Denver, CO area are at a three year high. The Denver Police Department is investigating eight (8) armed robberies of marijuana businesses since November 2019. Last week, the police arrested one suspect for a robbery on January 6, 2020. The police believe that the same five (5) suspects are responsible and…
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SEC Fines Colorado Cannabis Stock Promoter $4.1 Million
The SEC fined a cannabis stock promoter, Jeffrey O. Friedland, over $4.1 million for failing to disclose that his ownership interests in OWC Pharmaceutical Research Corp., an Israeli medical marijuana company, to investors. The SEC also banned Friedland from participating in any future penny stock offerings. The SEC’s complaint alleged that Friedland failed to disclose…
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Colorado Updates Guidance for Public Investment in Cannabis Companies
The Colorado Department of Revenue released emergency rules on August 1, 2019 to implement HB 19-1090, which allows publicly traded companies, and unlimited investors from outside of Colorado, to invest in and own marijuana businesses as of November 1, 2019. The state regulator has updated its guidance for cannabis licensees that are seeking to obtain…
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Colorado Steps Up Inspections and Testing Requirements Following Marijuana Recall
The Colorado Department of Revenue and the Department of Public Health and Environment issued a recall of products manufactured by Herbal Wellness LLC due to potentially unsafe levels of microbial contamination. A Public Health and Safety Advisory indicates that Herbal Wellness also failed to test certain harvest batches. The Colorado regulator recalled 44 batches of…
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Colorado Issues Guidance on Public Company Ownership Ahead of Rulemaking
The Colorado Department of Revenue announced that it will release proposed rules in early August to implement HB 19-1090, which allows publicly traded companies, and unlimited investors from outside of Colorado, to invest in and own marijuana businesses as of November 1, 2019. Until that time, the state regulator also released guidance on prohibited and…
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Colorado’s 7 New Cannabis Laws Will Propel Industry Forward
The Governor of Colorado, Jared Polis, signed seven (7) new cannabis laws into effect. The laws will propel Colorado’s cannabis industry forward by opening doors to public capital, allowing on-site consumption and delivery licenses, and making strides in the development of a robust hemp industry. Below are brief summaries of the 7 new cannabis laws.…
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Colorado Thieves Break Into 34 Marijuana Dispensaries in 2019
The Denver police department issued a warning to the cannabis industry about an uptick in burglaries at marijuana dispensaries. Police indicate that the suspects broke into thirty-four (34) marijuana dispensaries during 2019 near major roadways using stolen Jeep Cherokees or Liberties. The group of four men and two women use crow bars to enter the…
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Colorado Passes Legislation Allowing Municipalities to Create Local Licensing Regime for Hemp Products
The Colorado Legislature passed a bill that allows local municipalities to adopt ordinances to license and regulate businesses that engage in the storage, extraction, processing, or manufacturing of industrial hemp or industrial hemp products. The bill will become law if it is signed by Governor Jared Polis. The new law allows counties and local municipalities…
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Colorado Legislature Passes Marijuana Delivery Bill
The Colorado Legislature passed a bill that will allow medical and recreational marijuana stores to deliver marijuana to customer’s homes. The state will begin issuing medical marijuana delivery permits on January 2, 2020, and retail marijuana delivery permits on January 2, 2021. The bill allows stores to deliver of marijuana to a customer’ private residence…