Tag: Colorado News

April a monster month for Colorado marijuana sales: $117 million

Colorado’s monthly cannabis sales have reached a new apex in the legal era with a record-setting $117 million worth of flower, edibles and concentrates sold in April 2016.

According to new data from the state Department of Revenue, marijuana shops sold almost $76.6 million in recreational cannabis for April, significantly eclipsing the previous high-water mark of $62.2 million for December 2015.

For an eye-popping comparison, recreational sales increased more than 80 percent compared with April 2015, when there were $42.4 million worth of cannabis products sold. BDS Analytics, a firm that specializes in cannabis industry data, had projected a huge month for Colorado marijuana retailers. BDS, which collects data from dispensaries’ point-of-sale systems, noted that in 2015, three of the year’s 10 most lucrative days landed on the April 20 marijuana holiday and the weekend that preceded it.

Medical marijuana sales for the month also were robust at $40.8 million, which is a 22 percent increase from the previous month.

April’s recreational cannabis sales marked a 35 percent increase compared with the first three months of this year, which averaged $56.7 million.

There are three different taxes on Colorado’s recreational cannabis — the standard 2.9 percent state sales tax, a special 10 percent sales tax and a 15 percent excise tax on wholesale transfers, which is earmarked for school construction projects. The more than $5.5 million collected in excise tax is a monthly record from when recreational sales began in January 2014, and brings the yearly total to $16.7 million.

Through four months, Colorado has amassed almost $57 million in taxes and fees for medical and recreational cannabis.

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Pueblo County deputies seize $247,000 worth of pot from illegal grow

Pueblo County Sheriff’s deputies seized 245 marijuana plants Monday and arrested a man on suspicion of having an illegal grow.

The Sheriff’s Office received a citizen’s complaint about the property at 4611 Rock Creek Road that led to the bust, said Gayle Perez, Sheriff’s Office spokeswoman.

Bradley William Glavin, 30, was living in a trailer and growing pot in the foundation of an unfinished home and in two greenhouses on the property.

Since mid-March, Pueblo deputies have seized 5,873 plants, and 82 pounds of dried marijuana, arrested 35 people and shut down grows in 25 homes throughout the county, Perez said.

In one case, five arrests made at separate grows in different homes were related. In another, seven were arrested for cultivating plants in another five homes.

Glavin’s alleged grow doesn’t appear to be related to any others and he didn’t have the licensing needed to grow the marijuana, Perez said.

Deputies also seized 3 pounds of dried marijuana from the property. The estimated street value of the weed is $247,000.

Glavin was arrested, but deputies left him six plants — the state’s limit for one person growing legal marijuana.

He faces charges of possession of marijuana with intent to manufacture and cultivation of marijuana.

During the investigation on Rock Creek Road, deputies received a complaint of another possible illegal grow at a nearby property on Muldoon Road.

A search warrant was executed at that residence, but it was determined the grow was within the owner’s legal limit as allowed by state law.

This story was first published on DenverPost.com

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Colorado students are now allowed to use medical marijuana in schools

Gov. John Hickenlooper signed a bill Monday that will expand access to cannabis products for students who use medical marijuana for health conditions.

The new law requires that school districts allow primary caregivers to administer medical marijuana to their children in a non-smokable form during school, on school buses and at school-sponsored events. Commonly used non-smokable forms of medical marijuana include edible products, lotions, oils, patches and tinctures.

Falcon School District 49 was the first in the state to adopt policy allowing medical marijuana use on school property in May.

Read more of this report at Gazette.com

Online: House Bill 1373

This story was first published on Gazette.com

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