COLORADO POISED TO LOOSEN REGS
Et puis, le deluge
Colorado weed is on the brink of “a new era.”
Gov. Jared Polis (D), appears poised to empower marijuana companies to attract new investors and better cater to customers. This new pro-cannabis stance could help Colorado remain an industry hub as larger markets open.
colorado sun, westword
- Polis could soon allow licensed Colorado companies to receive investments from public companies and private equity firms. His predecessor Gov. John Hickenlooper (D), who’s now a presidential candidate, vetoed a similar bill last year, angering the industry.
westword
Colorado requires all marijuana investors to be identified to regulators. In this recent WeedWeek exclusive, my reporting documents an apparent investor in the company Ebbu who was not identified to regulators. (Ebbu’s former CEO Jon Cooper denies the individual was an investor. Last year, Canopy Growth acquired Ebbu’s assets.)
State authorities, including Gov. Polis’ office have repeatedly declined to comment on Ebbu or the possibility that other companies made similar transactions to the one I’ve documented. This week in a Twitter thread, I explain why it matters.
- Other bills heading to Gov. Polis would allow delivery and “tasting rooms.”
marijuana moment
Quick hits
- CityLab asks if Denver will legalize magic mushrooms. They’re on the table in Oakland as well.
marijuana moment - Canopy Growth acquired the German cannabinoid company C3 for $253M.
mjbiz - Oregon’s Senate voted to freeze pot production at current levels for two years.
ap - Las Vegas approved cannabis lounges.
las vegas review-journal - Winning a Massachusetts license, “often seems to be determined by whom you know — or if you can afford to pay a lobbyist or consultant who knows people.”
boston globe