A local Bong-a-thon, marijuana banking, and more 


Bong-a-Thon revision

The 32nd Colorado Invitational Bong-a-Thon has been moved out of the town of Stoner. Instead, the festival will be held around 21/2 hours south of Denver, with the specific location to be sent to invitees only. On July 6, the Montezuma Board of County Commissioners denied event organizer Chris Jetter's application for amplified sound and filed an injunction to stop the event altogether.

"We had a special use permit for a special event," says Board Vice President Larry Don Suckla. "It takes about one month to get one of those through. There wasn't enough time to get it through before that event."

Jetter reportedly has locked down a new location much closer to Colorado Springs. On Friday, look for music by Denver-based Horse and Colorado Springs-based Woodshed Red, plus stand-up from Chris Carlton and the 420 Comic Jeffery Patterson, and DJ sets from JRUSH and DJ Diablo. Saturday, expect Rude Punch and Zolopht, along with DJ sets from JRUSH, DJ Diablo, Blunt Radio, Kruza Kid and Los Marijuanos. Jetter says there will also be complimentary beer and dabs.

Cannabis banking advances

The Senate Appropriations Committee has approved banking access for medical and recreational marijuana businesses. The committee passed the 2016 Financial Services and General Government Appropriations bill with an amendment that bans the Treasury Department from using federal funds to punish banks that work with locally legal marijuana businesses. Now, the Senate will debate the bill before approving a version for House debate. Congress could push through a version of the bill before the Aug. 8 recess.

What happens if it passes? "Given that banking is the most conservative industry out there, I'm not sure that they're going to be rushing to market on it," says Mark Slaugh, CEO of iComply LLC, which helps marijuana companies with state regulations. "Where we've found more success is in local banks willing to take a risk and create the revenue stream for themselves while, at the same time, managing their compliance."

Keef crumbs

• Mr. Nice Guy Private Cannabis Club has opened in a new, expanded location at 2519 Airport Road. "We were doing really well [in our old location], and our customers really liked it, but we found a different location," says budtender Jessica Aviles, "We have a stage, so we can hold more events. It's way more spacious."

• Last Friday, the CDC released its findings in the 2014 death of Levy Thamba Pongi, a 19-year-old who died after jumping from a fourth-story balcony, having eaten a cookie infused with 65 mg of THC a few hours earlier. The CDC concluded that because it takes 1-2 hours for edibles to take full effect, they must be clearly marked for dosage and communities must warn about risks of overconsumption of THC.

  • CannaBiz


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