Colorado: Market and legal data analysis of the cannabis sector

Cannabis companies shed US assets to focus on more lucrative markets

Written by Lorraine Mullaney | 27th July 2023

Major cannabis firms are streamlining their North American operations and reallocating resources toward markets with what they see as more long-term growth potential ...

Value of US industrial hemp harvest drops by more than two-thirds in a year

Written by Tiziana Cauli | 23rd May 2023

Hemp production in the US suffered a major decline last year, with the planted area shrinking by 48% against 2021 and the total value of the harvested crop falling by 71% ...

A year of ups and downs for Canadian producer Rubicon Organics in 2022

Written by Antonia Di Lorenzo | 27th April 2023

Producer Rubicon Organics delivered net revenue of CAD35.5m (USD26.1m) for the year ending 31st December 2022, which represents significant net revenue growth of 57% compared to 2021 ...

Schwazze revenue up after entering legal adult-use New Mexico market in 2022

Written by Antonia Di Lorenzo | 12th April 2023

US cannabis company Medicine Man Technologies, operating as Schwazze, saw an increase in revenue last year, helped by acquisitions, new store openings, entrance into the New Mexico market, and that state's adult-use legalisation taking effect...

Columbia Care comes out ahead in the US for 2022, looks to streamline in 2023

Written by Antonia Di Lorenzo | 11th April 2023

US cannabis company Columbia Care recorded a positive performance in 2022, despite macroeconomic headwinds that impacted consumers as well as wholesale market pricing ...

BAT cash helps Charlotte’s Web remain optimistic despite fall in sales revenue

Written by Antonia Di Lorenzo | 28th March 2023

Charlotte’s Web managed to reduce its losses last year, despite “a challenging sales environment” caused by regulatory inaction, which has created uncertainty throughout the US cannabis and CBD industry ...

US cannabis firms leave the business over industry ‘challenges and changes’

Written by Lorraine Mullaney | 17th March 2023

Key cannabis industry players in the US have scaled back their businesses this year, citing the “challenges of the current market” ...

CBD brands apply for certification as Google lifts ads ban in some parts of US

Written by Tiziana Cauli | 10th February 2023

Cannabis companies are looking to get Google certification as part of the tech giant’s update on the use of Google Ads for CBD products in parts of the US ...

Voyager ventures into Poland for post-Brexit access to European CBD market

Written by Lorraine Mullaney | 8th February 2023

British CBD and hemp brand Voyager has facilitated easier access to the EU market by acquiring a CBD extraction and manufacturing facility in Poland for £1.5m (€1.69m) ...

Mergers and acquisitions bringing new cannabis brands to consumers across US

Written by Lorraine Mullaney | 21st December 2022

US cannabis firms have been striking deals to acquire new brands, diversify their offerings and boost production capacity. Recent movers include California’s High Times and Bloomios, while two Oregon firms have teamed up ...

Hope and concern as Colorado legalises the purchasing and use of psychedelics

Written by Freddie Dawson | 8th December 2022

A measure to allow the use of psychedelics in Colorado is a major step – but supporters worry it could lead to the sort of bad experience that would set back the progress of legalisation...

Tilray bets on cannabis-infused drinks, grows distribution network in the US

Written by Lorraine Mullaney | 25th November 2022

Tilray Brands continues to show signs of confidence in the future of cannabis-infused drinks by adding more beverage firms to its portfolio and building a distribution network ...

Cannabis legalisation set to come out on top no matter who wins US midterms

Written by CannIntelligence | 4th November 2022

Republicans are favoured over Democrats to take control of both chambers of US Congress in the midterm elections, but there are supporters and naysayers among both major parties when it comes to cannabis legalisation ...

Authors of UK hemp farming report respond to criticisms of impossible goals

Written by Tiziana Cauli | 14th October 2022

The creators of a UK report on hemp that has received criticism from the industry told CBD-Intel they stand by their estimates, but it remains unclear where some of the numbers have come from ...

Legalisation is ‘least bad solution’ to cannabis consumption in France

Written by CannIntelligence | 7th October 2022

The senator leading a bid to legalise recreational cannabis in France has called legalisation “the least bad solution” to addressing cannabis consumption in the country, and has said he does not expect any measure to...

State legislatures urge Washington to support moves to legalise cannabis

Written by CannIntelligence | 30th August 2022

The Republican-influenced National Conference of State Legislatures (NCSL) has explicitly called on the US federal government to support cannabis legalisation measures ...

CBD firms find more pros than cons in legal recreational cannabis markets

Written by CannIntelligence | 6th April 2021

CBD companies see more synergies than threats from the provision of legal cannabis products in states such as Colorado, which has one of the oldest recreational cannabis markets in the US ...

Hexo buys Zenabis 'for accelerated domestic and international growth'

Written by Lorraine Mullaney | 8th March 2021

Canadian cannabis brand Hexo has acquired medical and recreational cannabis producer Zenabis Global in a CAD 235m deal that will boost its cultivation capacity and secure a footprint in the European market ...

Molson Coors and Hexo joint venture Truss launches CBD beverage in US

Written by Freddie Dawson | 15th January 2021

Molson Coors and Hexo joint-venture Truss has finally released its CBD beverage in the US state of...

Ocean Spray's move into CBD drinks may make a path for others to follow

Written by Lorraine Mullaney | 23rd June 2020

A new line of sparkling CBD drinks is to be launched in the Colorado market in what may be an indication of how high-profile companies approach the CBD market during its continued period of uncertainty...

US states providing tax relief measures in midst of COVID-19

Written by CannIntelligence | 8th May 2020

Every state in the US is offering some sort of tax relief in response to the coronavirus pandemic, and many hemp and CBD companies may be eligible for such relief ...

US firm gets approval to sell $3 seeds in Colombia: business news in brief

Written by CannIntelligence | 26th March 2020

Also: £500k funding for online retailer; Hollister picks magic mushroom researchers; KushCo scales back trading prediction; HempNova prepares to grow and process in Oregon ...

Law firm leads call for joined-up hemp regulation between US states

Written by CannIntelligence | 5th March 2020

A coalition of organisations linked to the US hemp market has released the first part of a series of policy recommendations – while one CBD firm has been referred to the US Federal Trade Commission...

Would you like a dash of CBD with your burger? Business news in brief

Written by CannIntelligence | 5th March 2020

A Denver-based chain claims to be the first CBD burger franchise in the US, while a Japanese company says it can extract CBD from orange peel. These and other stories are in CBD-Intel's latest round-up...

Toothpaste giant enters CBD market: business news in brief

Written by CannIntelligence | 26th February 2020

Toothpaste giant Colgate is entering the CBD market, researchers have created a laser scanner that can tell the difference between legal hemp and potentially illegal cannabis, and wrestling legend Kevin Nash has become the latest...

Actor refutes claims he endorsed CBD products: business news in brief

Written by CannIntelligence | 18th February 2020

Tom Hanks refutes false claims over endorsement of CBD products, research suggests cannabinoids benefit gene receptor diseases and CBD coffee is set to hit the market, plus more ...

Rugby league stars to promote CBD brand on kit: business news in brief

Written by CannIntelligence | 21st January 2020

CBD-Intel brings you news that a rugby league team will be the first senior outfit in its sport to promote a CBD brand on its kit, a qualification for hemp production is offered in Kentucky...

CBD vending machines for Colorado c-stores: CBD business news in brief

Written by CannIntelligence | 12th November 2019

A Colorado company is to pilot the use of CBD vending machines in convenience stores. Other news items come from the UK, South Africa, and states across the US from California to Vermont ...

NYPD acts on FedEx tip-off that was shrugged off by police in Vermont

Written by CannIntelligence | 12th November 2019

Police in Vermont were satisfied with the legality of a shipment of hemp after being tipped off by delivery company FedEx – but the New York Police Department took a different view ...

Colorado works on rules to ban additives linked to vaping scare

Written by CannIntelligence | 24th October 2019

Regulators in the US state of Colorado are preparing to finalise rules that ban certain additives in cannabinoid vaping liquids – but a question remains over who is to oversee and enforce those rules ...

CBD-Intel business news in brief

Written by CannIntelligence | 23rd October 2019

A legal battle between a Canadian cannabis company and a US hemp company leads this round-up of business news in brief. Also covered are stories from Australia, Germany, and a number of US states ...

CBD-Intel business news in brief

Written by CannIntelligence | 26th September 2019

A San Francisco-based CBD firm is donating all September profits from its bestselling line to Leonardo DiCaprio’s Earth Alliance Amazon Forest Fund. This and other business news in brief ...

CBD-Intel business news in brief, 24th-28th June

Written by Freddie Dawson | 1st July 2019

Catch up on the latest CBD business news with CBD-Intel’s weekly round-up, bringing updates from the US, Canada, London, Hungary, Spain, Google and Facebook ...

USDA counsel says states cannot halt transport of legally-grown hemp

Written by CannIntelligence | 25th June 2019

US states and tribal territories have no right to stop the transportation of legal hemp that conforms with US Department of Agriculture (USDA) guidelines or was produced under the terms of the 2014 Farm Bill...

Bank associations pressure US Congress for cannabis banking reform

Written by CannIntelligence | 29th May 2019

Banking associations from all across the US have written to the Senate to advocate for a hearing on cannabis banking reform ...

CBD business news in brief: worldwide, 20-24th May 2019

Written by CannIntelligence | 27th May 2019

Catch up on the latest CBD business news with CBD-Intel's weekly round-up of...

Judge’s ruling sets a precedent in patent law for cannabis extracts

Written by CannIntelligence | 24th May 2019

Cannabinoid extracts require human intervention to change them from their natural state, a judge has ruled in a dispute that will help develop case law ...

CBD and cannabis news in brief: United States

Written by CannIntelligence | 20th May 2019

The first in a new weekly round-up from around the US brings you news from Colorado, Florida, Indiana, Maine, New Jersey, New York, North Dakota, and Tennessee ...

Mainstream US drugstore chains announce plans to sell CBD

Written by CannIntelligence | 29th March 2019

CBD products appears to be entering the mainstream of US retail. One of the largest retail pharmacy chains in the US, CVS is already selling a range of products in at least eight US states...

State by state, US Farm Bill delivers different strokes for different folks

Written by CannIntelligence | 4th March 2019

Several US states and territories are reporting changes to hemp policies following the passing of the 2018 US Farm Bill. One surprisingly positive example is Pennsylvania, which is backing growth ...

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