Category: Colorado Cannabis News

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Cannabis Industry NewsColorado Cannabis NewsFrom Our WritersHemp Industry NewsReal Estate

Affordable Housing Project to be Built Using Hemp-based Materials

terry roston

Vancouver, British Columbia, Canada-based Global Hemp Group Inc has acquired 664 acres of land in Hayden, Colorado to build affordable housing with hemp-based materials over the next 25 years. It is the third land purchase by the company this year, bringing its total to about 874 acres.

The project is called the Colorado Hemp Agro-Industrial Zone project.

The land will be used first to grow hemp before the housing project begins. The company will first showcase the hemp-material homes on a 44-acre site.

“This vertically integrated project contemplates the beneficial use of substantial existing water resources to irrigate and cultivate industrial hemp, process and utilize hemp in the on-site manufacturing of green renewable construction products and finally build affordable carbon neutral/carbon negative housing.”Global Hemp Group in a press release

Town Manager Matt Mendisco told the Craig Daily Press that the project is part of the town’s “master plan” to attract businesses as it anticipates the closing of the Hayden Station by 2028 and the loss of tax revenue that will come with it.

“We are fortunate because our master plan is really, really clear about how that area is to develop,” Mendisco told the Daily Press. “We have provided documents to them, and they’re very aware of it.”

Mendicso added that the project also fits into the town’s tradition of agriculture.

“It is not farming wheat or raising cattle, but it is still agriculture,” Mendisco said in the report. “I think, done right and partnered with the community correctly, they could be very successful, and that could provide a lot of jobs.”

Underground Dispensary
Author: TG Branfalt

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Cannabis Industry NewsColorado Cannabis NewsEducationFrom Our WritersTaxes

Cannabis Taxes Yield $2M in Scholarships for Pueblo County, Colorado

terry roston

Pueblo County, Colorado is awarding more than $2 million in cannabis excise sales tax scholarships to local institutions, including $1 million to Pueblo Community College (PCC), the Pueblo Chieftain reports. The Colorado State University (CSU) Pueblo Foundation will receive $616,000; CSU Pueblo Athletics will see $385,000; and the Pueblo African American Concern Organization will receive $26,000.

The entities will be allowed to distribute the funds to students at their discretion so long as the students are residents of the county. Last spring semester, PCC awarded 10 scholarships under its Return to Earn programfor students who return to college later in lifefunded by cannabis tax dollars.

PCC President Patty Erjavec said having the funds is “a tremendous tool” for the college’s advertising and recruiting department “because they know they have these funds in their back pocket and it’s easy to get to.”

“We know we have a unique, diverse community, and so to have the opportunity to provide scholarships to a diverse group of students is a real advantage.”Erjavec to the Chieftain

Erjavec added that in the spring semester, PCC funded 752 scholarships with $800,000 in scholarship money derived from cannabis taxes.

CSU Pueblo Director of Athletics Paul Plinske told the Chieftain that that funding helps the program “bring in national-caliber student-athletes to enrich the life of CSU Pueblo.”

The Colorado scholarship program was first approved by voters in 2015.

Underground Dispensary
Author: TG Branfalt

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