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Denver's Civic Center Draws a Sparse 4/20 Crowd


Civic Center Park on April 20, 2021, as 4:20 p.m. approached.
Hilal Bahcetepe
This was the second year in a row that Civic Center was quiet on 4/20. Last year, while stay-at-home orders were in effect because of the pandemic, the perimeter of the park was closed off by fences, police officers waited in the grass, and sirens and automated warnings blared at 4:20 p.m.
Pandemic notwithstanding, Denver attracts thousands of cannabis tourists, activists and consumers each year to celebrate the unofficial holiday for stoners. Civic Center has been the designated venue to host 4/20 rallies and protests for more than a decade, thanks largely to the late cannabis activist Ken Gorman. Two competing organizers say they plan to host something at Civic Center next year, so we’ll see how cloudy things get in 2022. ....

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Digital Currency Tries to Help Legal Marijuana's Banking Problem


Financing has always been rocky for Colorado s legal marijuana industry, which largely operates in cash because of the plant s federally illegal status. Only an estimated 35 financial institutions in Colorado deal with the cannabis industry and try to do so anonymously, according to Amanda Averch at the Colorado Bankers Association.
To move around this, some dispensaries are experimenting with digital currency and payment apps.
Boulder dispensary Helping Hands Cannabis was the first marijuana store in Colorado to accept Bitcoin and Ethereum, two popular forms of cryptocurrency, in 2019. The shop introduced the Strike Payment app to customers shortly after, allowing shoppers to scan their phone wallets QR codes for a cash-free plug. The app functions similarly to the Western Union and TransferWise money exchange services, but users don t have to deal with the nitty-gritty of taxes, fees or even the complexity of Bitcoin, as the Strike automatically converts U.S. dollars ....

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Breaking Down Colorado's $4 Million Marijuana Entrepreneur Program


After Governor Jared Polis signed Senate Bill 111 into law on March 21, the Colorado Office of Economic Development and International Trade (OEDIT) was tasked with distributing $4 million to implement a new social equity cannabis advancement program so how will the money be spent?
The program is intended to spur participation in the state s marijuana industry from communities impacted by the War on Drugs. According to Representative Leslie Herod, a prime sponsor of the bill, distributing the money is up to OEDIT s discretion although OEDIT can hire third-party contractors to distribute the money and create technical assistance programs, as well.
Senator Dominick Moreno, another prime sponsor, adds that lawmakers will be reviewing the process in years to come. OEDIT has three years of spending authority, at which time the [Joint Budget Committee] and General Assembly will evaluate the program and contemplate further funding decisions, he says. ....

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Colorado Auctioning Marijuana-Themed License Plates for Charity