Vitamin Shoppe Enters Consumable CBD Market

Earlier this week, nutritional supplement retail chain Vitamin Shoppe announced that the company has started to offer cannabidiol (“CBD”) soft gels to eligible customers. Limited to 14 states, Washington, D.C., and Puerto Rico, Vitamin Shoppe began selling Irwin Naturals’ CBD soft gels earlier this … Read more about Vitamin Shoppe Enters Consumable CBD Market

California Tribes Left Out of State Cannabis Industry

California cannabis companies may be facing an oversupply issue this year,1 however, the State’s program has yet to address one potentially significant industry participant – Native American cannabis operations. Since the passing of Proposition 64 in 2016, tribes have been excluded from … Read more about California Tribes Left Out of State Cannabis Industry

Gov. Jared Polis Signs Colorado Digital Token Act

Last week, Colorado Gov. Jared Polis signed the Colorado Digital Token Act (“SB19-023”), which is expected to bring more attention to Colorado’s cryptocurrency market by addressing digital tokens within the existing framework of securities law. A security, while having a notoriously flexible … Read more about Gov. Jared Polis Signs Colorado Digital Token Act

FDA Plans Public Hearing on Ingestible CBD Products

Last Wednesday, at a hearing held by the House Appropriations Committee, U.S. Food and Drug Administration (“FDA”) Commissioner Scott Gottlieb revealed the FDA’s plan to conduct public hearings on cannabidiol (“CBD”) starting in April. Acknowledging the legalization of hemp and hemp-derived products … Read more about FDA Plans Public Hearing on Ingestible CBD Products

Denver City Council Votes on Social-Use Cannabis

Monday night, Denver City Council voted to remove the sunset provision from Initiative 300 (“I-300”), the legislation used to establish social cannabis businesses in Denver. Up until this week’s decision, social-use cannabis regulations were scheduled to expire before 2021, however city council’s … Read more about Denver City Council Votes on Social-Use Cannabis

Russia Announces Expansion of Government-Backed Cryptocurrency

Last week, Russian news sources reported that the lower house of the country’s Federal Assembly may pass a resolution to allow the country to further develop cryptocurrency systems. According to Rambler, the Russian media outlet that first announced the news, officials are currently looking to … Read more about Russia Announces Expansion of Government-Backed Cryptocurrency

MED Issues Statement on Signage Requirements

Thursday, February 21, 2019, the Colorado Department of Revenue Marijuana Enforcement Division (“MED”) released an official Statement of Position regarding signage requirements for access areas within cultivation facilities. Signed by James Burack, the Division’s director, the statement was released … Read more about MED Issues Statement on Signage Requirements

Colorado Cannabis Sales Reach $6 Billion Since Legalization

  In a news release published last Tuesday, Colorado’s Marijuana Enforcement Division (“MED”) has announced that the state’s cannabis sales have topped $6 billion since the substance’s legalization in 2014. Using statistics from the Colorado Department of Revenue’s final sales and tax … Read more about Colorado Cannabis Sales Reach $6 Billion Since Legalization