Marijuana sales in Colorado totaled nearly $1.75 billion in 2019 according to data released by the Department of Revenue’s Marijuana Enforcement Division. The $1,747,990,628 in sales includes both recreational and medical marijuana and is a sizeable increase from 2018, when sales totaled $1,545,691,080.
Read More“In this world nothing can be said to be certain, except death and taxes.” The Works of Benjamin Franklin, 1817. That idiom remains true today, and with the legalization of recreational marijuana markets, it was widely accepted that the taxes would allow state and local governments to plug budgetary shortfalls.
Read MoreA new study published by Justice Quarterly suggests that recreational marijuana legalization did not have a statistically significant impact on violent and property crime rates in Colorado and Washington. The study, titled “The Cannabis Effect on Crime: Time-Series Analysis of Crime in Colorado and Washington State,” was conducted by researchers from Washington State University, Stockton University, and the University of Utah.
Read MoreMarijuana-related employment lawsuits are on the rise as more workers who have been fired or denied a job over their marijuana use are utilizing litigation to challenge the decisions. This, in turn, is forcing employers to formulate new strategies to balance the risk of litigation against the possibility of impaired employees hurting someone on the job, damaging the business, or possibly even worse.
Read MoreWhen Colorado legalized recreational marijuana in 2014, it prohibited publicly traded cannabis companies from operating in the market. This created a unique Colorado marijuana market populated by a diverse group of smaller, local operators. That is about to change; Governor Jared Polis recently signed into law HB19-1090, a measure that will allow larger, out-of-state investors to enter Colorado’s market effective November 1, 2019.
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