After a hot summer, Colorado’s cannabis sales cool down

Published: Dec 11, 2017, 6:24 pm • Updated: Dec 11, 2017, 6:31 pm By Alicia Wallace, The Cannabist Staff Colorado’s cannabis sales have chilled from their seasonal summer highs. After three consecutive months of $ 136 million in combined recreational and medical cannabis sales, Colorado’s marijuana dispensaries recorded nearly $ 121.6…

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Colorado’s bank commissioner who dreamed up cannabis banking solution, steps down

Published: Oct 31, 2017, 10:49 am • Updated: Oct 31, 2017, 10:50 am By Jesse Paul, The Denver Post Chris Myklebust, the state bank and financial services commissioner who dreamed up a pot-banking workaround for Colorado, is leaving his job at the end of next month, joining a growing list…

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Crowdfunding site shuts down campaign for California cannabis farm fire victims

Published: Oct 18, 2017, 8:39 am • Updated: Oct 18, 2017, 8:50 am By The Cannifornian, The Cannabist Staff An online payment company has shut down a fundraising campaign set up to support cannabis cultivators who’ve been impacted by the deadly wildfires in Northern California, saying marijuana remains illegal under…

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FDA hints it may crack down on marijuana products that claim health benefits

Published: Oct 3, 2017, 3:12 pm • Updated: Oct 3, 2017, 5:16 pm By Drew Armstrong and Michelle Fay Cortez, Bloomberg The U.S. Food and Drug Administration may start cracking down on claims that marijuana has health benefits that haven’t been proven, the agency’s commissioner said Tuesday. “I see people…

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DEA likely to get “a lot more aggressive” if California can’t shut down black market

Published: Oct 3, 2017, 8:09 am • Updated: Oct 3, 2017, 8:23 am By Patrick McGreevy, Los Angeles Times SACRAMENTO — California produced at least 13.5 million pounds of marijuana last year — five times more than the 2.5 million pounds it consumed. Where did all that extra pot go?…

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Colorado drags down national marijuana prices in first half of 2017

Published: Oct 2, 2017, 10:59 am • Updated: Oct 2, 2017, 10:59 am By Bruce Kennedy, The Cannabist Staff The price of a pound of legal marijuana continues to plummet in 2017, according to a new report tracking the commodity’s U.S. spot price index. Wholesale cannabis prices dropped 18.6 percent…

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