Tag: Sales
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Bleak Friday: Day after Thanksgiving deals underwhelming
Call it “Bleak Friday.” The mad tradition of running out bleary-eyed at dawn to snag Black Friday door-busting deals faded this holiday season, as online shopping appears to have taken the joy out of the traditional deadline deal hunt for some and a poll suggested that consumers hope to avoid doorbuster crowds. “It’s not like it used to…
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Colorado’s cannabis industry changing to accommodate less sales, demand
President of Veritas Fine Cannabis, Jonathan Spadafora, talks about how his company and others in Colorado’s marijuana industry are dealing with a $400 million decline in revenue between October 2021 and October 2022. Other states legalizing recreational pot, the return to office for many workers and other factors have contributed to the losses for the…
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Marijuana sales in Colorado dip in January
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado recorded $151.1 million in recreational and medical marijuana sales in January, down 19% from January 2021, according to the state Department of Revenue. Despite the drop, January exceeded the total for every January since recreational marijuana became legal in 2014 except 2021, according to a report released…
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Colorado Springs home construction slows as builders wrestle with supply, material and labor shortages
The pace of Colorado Springs-area home construction fell in November for the fourth straight month, a likely byproduct of builders who’ve slowed production because they lack materials and supplies and don’t have enough workers. “Product availability and labor,” said Chad Thurber, president of local builder Vantage Homes and incoming board president of the Housing &…
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Marijuana sales drop in Colorado after huge surge in July
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Medical and retail marijuana sales fell in August for the second consecutive year, while the state’s tax and fee revenue also declined, according to the Colorado Department of Revenue’s September report. Prior to last year, marijuana…
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Downtown Denver’s Granite Tower sells for $203 million
Real estate investment trust company KBS sold the distinctive black 31-story office building the Granite Tower on Friday for $203.5 million, according to Securities Exchange Commission documents. The Newport Beach, California-based REIT bought the 593,527-square-foot building in 2010 for $149 million under the name KBS II Granite Tower LLC, according to Denver Assessor records. The…
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‘An absolute blessing’: All-Star Game will mean millions in economic impact for Denver
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Denver economic experts and city leaders opined the Major League Baseball All-Star Game could have a $100 million impact on the city and surrounding area, based on projections Atlanta had completed before MLB moved the game here. While it’s too early for exact numbers from…
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Study: Colorado business owners confident of full economic recovery
Colorado business owners believe strongly the state is on its way to a “sustained economic recovery,” according to University of Colorado Boulder’s Leeds Business Confidence Index study released Thursday. The study surveyed 250 Colorado business owners in June and covered six key areas: state economy, national economy, industry sales, industry profits, industry hiring and capital…
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Metro Moves: HighPoint Elevated breaks ground; Service Express plans to expand
Welcome to the Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to [email protected]. Opening soon: Hyde Development and Mortenson started pushing dirt on what they’re calling the first speculative industrial building near Denver International Airport. Coming in 2022,…