Vol 9. Edition 1
COLORADO NEWS
Page 17
INDUSTRY UPDATES Cannabis Helps Local Economies Workforces grew in areas with legal cannabis Using 2011-2018 data, a study has shown an increase in jobs in counties supporting the cannabis industry. As production facilities and dispensary locations opened, a thriving economy boomed around them, sparking a 4.5% increase in employment in Colorado. New employment came mostly from unem- ployed or self-employed workers, which did not pull jobs away from other industries.
NewConcentrate Laws Now In Effect Limits daily purchases, increases education HB21-1317 is now in effect across Colora- do, including changes to rules regarding the purchase of medical marijuana. The main concern of lawmakers are the poten- tial health risks of high-THC concentrates such as wax and shatter. Purchase limits, education pages, advertising disclaimers, and more are required by the new law.
CashlessATMs arebecoming common Local company reveals growing national trend Local software company Akerna says a new trend in Point of Sale systems across the can- nabis industry, "Cashless ATMs" mimic an ATM in every way, except there's no cash. In- stead, a sale is rounded to the nearest $5, and product is given tomatch.Though traditional banking remains out of reach, services such as this can greatly reduce cash-on-hand risk.
DOR reports cannabis tax records For 7th straight year, revenue topped the charts November's DOR report shows Colorado is still collecting excellent revenue from the marijuana industry. The report showed an running annual record $5million above the 2020 record. December's numbers added would make 2021 a remarkable year for the DOR given individual shops are still feeling the effects of the covid economy.
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