The oldest adult-use marijuana market in the United States, Colorado, hit a milestone in 2020 when sales surpassed $2 billion for the first time in a calendar year. And that total did not include sales figures for December. According to the Denver Post…
colorado marijuana
Schwazze acquires six Colorado cannabis stores for $37 million
Schwazze, a Denver-based cannabis company, on Monday said it acquired six retail outlets from Colorado competitor Star Buds in a cash and stock deal worth $37.1 million. The deal announced Monday was a partial step toward completing a $118 million acqu…
Investors awarded restitution of $2.5M in Colorado marijuana fraud case
Four investors who were defrauded by an illicit marijuana scheme in which a Colorado businessman illegally distributed MJ into various states have been awarded a total of $2.5 million in restitution by a district court judge. According to a news releas…
Colorado, Illinois cannabis industries set for gains after ballot measures
The recreational marijuana industry is poised to expand further in Colorado and Illinois, where voters in several municipalities approved local ballot questions that will repeal previous business bans, according to early returns. In Colorado, at least …