U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 05-28-2018, 07:19 AM
 
Location: Colorado Springs
4,333 posts, read 4,364,083 times
Reputation: 15317

Advertisements

https://www.denverpost.com/2018/05/2...colorado-2017/

Wow man! That's a lot of weed.

"Colorado’s legal marijuana grows produced tons — nearly 500 of them — of cannabis last year.

And the state’s cannabis consumers ate, smoked, vaped and dabbed that right up.

Colorado’s marijuana shops sold 11.1 million edibles, 411,000 pounds of flower and a sharply increasing amount of marijuana concentrate last year, according to the Colorado Marijuana Enforcement Division’s 2017 annual report, released Friday."


I think edibles will have the best growth prospects because they avoid that cannabis smoke stink.

"Wana Brands’ Whiteman expects flower’s share to continue to decline. Extraction processes are growing increasingly sophisticated, allowing for more edible and concentrate products to be “constructed” with components of the plants to create specific, targeted effects, she said.

And as the industry matures, recreational operations are increasing their market share."


Although I've now lived in Colorado for over 40 years and I've never tried the stuff, I think the decision to make it legal was correct. Prohibition never worked for alcohol and it won't work for pot.

If I ever develop a need for pain control, I'd try edibles for its CBD content.
Reply With Quote Quick reply to this message

 
Old 05-28-2018, 07:59 AM
Status: "Not politically correct" (set 4 days ago)
 
Location: Western Colorado
10,554 posts, read 11,649,542 times
Reputation: 24229
There are 3 pot shops in the small town of Ridgway, the parking lots are packed just about every day. One shop had to move to a bigger building because of the crowds. Someone is making a lot of money (the out of state owners).
Reply With Quote Quick reply to this message
 
Old 05-28-2018, 10:20 AM
 
20,315 posts, read 37,820,570 times
Reputation: 18105
Hopefully those "out of state owners" are our citizens and not a drug cartel. I've tried to buy stock in some of the firms but Wells Fargo won't let me own those equities in my brokerage account with them.
__________________
- Please follow our TOS.
- Any Questions about City-Data? See the FAQ list.
- Want some detailed instructions on using the site? See The Guide for plain english explanation.
- Realtors are welcome here but do see our Realtor Advice to avoid infractions.
- Thank you and enjoy City-Data.
Reply With Quote Quick reply to this message
 
Old 05-28-2018, 10:59 AM
 
80 posts, read 34,213 times
Reputation: 90
Quote:
Originally Posted by Vision67 View Post

I think edibles will have the best growth prospects because they avoid that cannabis smoke stink.

I have seen comments like this very recently... Has anyone tried this Cannabis / Marijuana Distillate Inhaler with Rich Live Terpenes.
Reply With Quote Quick reply to this message
 
Old 05-28-2018, 06:41 PM
 
2,335 posts, read 647,502 times
Reputation: 1998
Quote:
Originally Posted by Mike from back east View Post
Hopefully those "out of state owners" are our citizens and not a drug cartel. I've tried to buy stock in some of the firms but Wells Fargo won't let me own those equities in my brokerage account with them.
You're kidding!?!

I'd be looking for a new broker...
Reply With Quote Quick reply to this message
 
Old 05-28-2018, 06:56 PM
 
12,848 posts, read 24,496,680 times
Reputation: 18854
Quote:
Originally Posted by Mike from back east View Post
Hopefully those "out of state owners" are our citizens and not a drug cartel. I've tried to buy stock in some of the firms but Wells Fargo won't let me own those equities in my brokerage account with them.
Is that because of the federal law, that WF can't take cash from states that are going against the federal law or something, isn't that why the MJ industry is all cash at this point?
Reply With Quote Quick reply to this message
 
Old 05-28-2018, 07:04 PM
 
20,315 posts, read 37,820,570 times
Reputation: 18105
Quote:
Originally Posted by brightdoglover View Post
Is that because of the federal law, that WF can't take cash from states that are going against the federal law or something, isn't that why the MJ industry is all cash at this point?
I believe WF is afraid of the Feds since MJ is still not legal and the Justice Department could do most anything though that seems a stretch as more states legalize MJ. IIRC the banks won't even touch MJ money, won't even let MJ shops make a deposit into an account as a Fed could call it money laundering of drug money.
__________________
- Please follow our TOS.
- Any Questions about City-Data? See the FAQ list.
- Want some detailed instructions on using the site? See The Guide for plain english explanation.
- Realtors are welcome here but do see our Realtor Advice to avoid infractions.
- Thank you and enjoy City-Data.
Reply With Quote Quick reply to this message
 
Old 06-13-2018, 07:13 PM
 
Location: Iowa
4 posts, read 1,237 times
Reputation: 16
Quote:
Originally Posted by Mike from back east View Post
I believe WF is afraid of the Feds since MJ is still not legal and the Justice Department could do most anything though that seems a stretch as more states legalize MJ. IIRC the banks won't even touch MJ money, won't even let MJ shops make a deposit into an account as a Fed could call it money laundering of drug money.
You could buy the "MJ" ETF, alternatively. [url]https://www.marketwatch.com/investing/fund/mj[/url]
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top