Igadi
Cherry Diesel, Electric Lemonade , Frozen Dessert , Garlic Breath, OG Sin , Pancakes, Rotten Cherries , Snickerz, Sour Diesel, Sunset Drive, El Chivo #4, GG #4
Kind Care of Colorado
Toxic Boo , El Chivo #4, INFVSED Apple Fritter, INFVSED Peking Duck #6, INFVSED Scooby Snax, INFVSED Sherb Crasher, INFVSED Sueno, INFVSED Sunset Drive, INFVSED The Sauce, INFVSED Yuk Mouth, Melonade #8
LA CASA CANNA BIS
Apples & Bananas, Frankenberry , Mac N Cheese , Snickerz, Sour Diesel, Tres Leches , El Chivo #4
LIGHTSHADE
Apples & Bananas , Frankenberry , The Sauce , El Chivo #4, INFVSED Sueno, Item #9
Lightshade
Apple Fritter , Apples & Bananas, Apples & Bananas , Electric Lemonade , Frankenberry , Pruno , The Sauce , El Chivo #4, Item #9
Livgreen
Apples & Bananas, Apples & Bananas , Big Bubba Diesel, Cherry Diesel, Cherry Hills , Double Deja Vu , Frankenberry , Funyunz, Georgia Pie , Oreoz , Pancakes, Pancakes , Scooby Snax , Snickerz, Sour Diesel, Sunset Drive, The Sauce, Veritas Cookies , El Chivo #4, GG #4, Item #9, Melonade #8
Lucky Monkey Buds
Apples & Bananas, Garlic Breath, Pancakes, Scooby Snax, Sour Diesel
Magnolia Road
Chemdawg , Divine Kush Breath , Milky Weigh , OG Sin , Tropsanto , Watermelon Sorbet , Durban Kush #8, Root Canal #2
Magnolia Road
Apples & Bananas , Chemdawg , Cherry Hills , Cherry Punch , Divine Kush Breath , OG Sin, OG Sin , Papaya Cake, Pruno, Scooby Snax , Street Urchin, The Sauce, Tropsanto , Watermelon Sorbet , Durban Kush #8, El Chivo #4, Item #9, Peking Duck #6, Root Canal #2
Makena
Apples & Bananas , Rotten Cherries , El Chivo #4, Item #9
Mellow Harvest
Cherry Hills, Item #9, Sueno
Munchiez
Sueno
Native Roots
Apple Fritter , Apples & Bananas , Cherry Hills , Cherry Punch , Double Deja Vu , Electric Lemonade , Frankenberry , Frozen Dessert , Horchata , Interdimensional Cable, Mac N Cheese , OG Sin, OG Sin , Oreoz , Pancakes , Pruno, Pruno , Rotten Cherries , Sex Grenade , Street Urchin, The Sauce , Tres Leches , Veritas Cookies , Durban Kush #8, El Chivo #4, INFVSED The Sauce, Item #9, Melonade #8, Muffinz Breath #1, Peking Duck #6, Root Canal #2
Oasis Cannabis Superstore
Cherry Hills , OG Sin, Veritas Cookies , Item #9
Peak Dispensary
Electric Lemonade , OG Sin, Pruno , Sex Grenade
Peak North
Horchata , Tres Leches , INFVSED Apple Fritter, INFVSED Scooby Snax, INFVSED The Sauce, INFVSED Yuk Mouth, Item #9
Roadrunner Cannabis
Item #9, Sueno
Rocky Mountain Blaze
Big Bubba Diesel, Electric Lemonade , Horchata , Papaya Cake, Sex Grenade , Tres Leches , El Chivo #4, Peking Duck #6
Rocky Mountain Cannasol
Eagle Scout , Horchata , Pruno, Rotten Cherries , Scooby Snax , Toxic Boo
Rocky Road
Apple Fritter , Apples & Bananas, Big Bubba Diesel, Cherry Punch , Electric Lemonade , Horchata , Interdimensional Cable, Papaya Cake, Sueno, The Sauce, The Sauce , Tres Leches , El Chivo #4, INFVSED Pineapple Blast, INFVSED Scooby Snax, Peking Duck #6, Root Canal #2, Tart Pops #3
Rocky Road Remedies
Apples & Bananas, Big Bubba Diesel, Cherry Diesel, Funyunz, Garlic Breath, Interdimensional Cable, Marmot OG, Pancakes, Papaya Cake, Snickerz, Sour Diesel, Street Urchin, Sueno, Sunset Drive, GG #4, Peking Duck #6, Root Canal #2
Roots Rx
Cherry Hills , Cherry Punch , Citrus Cake , Divine Kush Breath , Eagle Scout , Frankenberry , Mac N Cheese , Mandarin Cookies , Milky Weigh , OG Sin , Oreoz , Passionfruit , Quatro Kush , Rotten Cherries , Scooby Snax , Sour Apple , Sour Diesel , Toxic Boo , Tres Leches , Tropsanto , Veritas Cookies , Durban Kush #8, GG #4, Item #9, Peking Duck #6, Root Canal #2
Sandia Botanicals
Cherry Hills, Item #9, Sueno
Simply Pure
Apples & Bananas , Rotten Cherries , Toxic Boo , El Chivo #4, INFVSED Sherb Crasher, Item #9, Melonade #8, Muffinz Breath #1
Solace Meds
Apples & Bananas , Electric Lemonade , Sex Grenade , Toxic Boo , El Chivo #4, INFVSED Sour Orange Zkittlez, Melonade #8
Spark Dispensary
Apples & Bananas, Grape Cream Cake, Pancakes, Sunset Drive
TGS
Apple Fritter , Cherry Punch , Frankenberry , Frozen Dessert , Horchata , El Chivo #4
The 404 Dispensary
Citrus Cake , Divine Kush Breath , Milky Weigh , Rotten Cherries , Tropsanto , Peking Duck #6, Root Canal #2
The 64 Store
Cherry Diesel, OG Sin
The Dispo
Apples & Bananas, Cherry Diesel, Double Deja Vu , Frankenberry , Pancakes , Papaya Cake, Passionfruit , Scooby Snax, Sour Diesel, Tangidos , The Sauce, Toxic Boo , El Chivo #4, GG #4, Item #9, Melonade #8, Peking Duck #6
The Happy Camper
Apples & Bananas , Big Bubba Diesel, Cherry Hills , Frankenberry , Frozen Dessert , Interdimensional Cable, Mac N Cheese , Mandarin Cookies , Milky Weigh , OG Sin, OG Sin , Pancakes , Passionfruit , Pruno, Quatro Kush , Rotten Cherries , Sour Apple , Street Urchin, Tangidos , Toxic Boo , Veritas Cookies , El Chivo #4, GG #4, Item #9, Melonade #8, Muffinz Breath #1, Root Canal #2
The Joint By Cannabis
Cherry Punch , Frozen Dessert , OG Sin, Pruno, Street Urchin, Melonade #8
Third Day Apothecary
Cherry Diesel, Garlic Breath, Marmot OG, Sour Diesel, GG #4, Peking Duck #6
Top Crop
Cherry Hills, Item #9, Sueno
Tumbleweed
Apples & Bananas, Big Bubba Diesel, Cherry Hills , Double Deja Vu , Electric Lemonade , Frankenberry , Georgia Pie , Horchata , Interdimensional Cable, Mac N Cheese , Scooby Snax, Sex Grenade , Sour Diesel, Sueno, The Sauce , Tres Leches , Apples & Bananas, Durban Kush #8, El Chivo #4, Item #9, Muffinz Breath #1, Root Canal #2, Sunset Drive
Twin Peaks
Frozen Dessert , OG Sin, Sex Grenade , Street Urchin, El Chivo #4, Item #9, Melonade #8, Muffinz Breath #1
Unity Rd.
Apples & Bananas , Toxic Boo , El Chivo #4, Item #9
Zipz
Cherry Diesel, Garlic Breath, Sherb Crasher, Peking Duck #6
ANNA
OG Sin, Pruno, Street Urchin, Root Canal #2
Best High
Apples & Bananas, Big Bubba Diesel, Cherry Hills , Cherry Punch , Electric Lemonade , Frankenberry , Mac N Cheese , Mandarin Cookies , OG Sin, OG Sin , Oreoz , Pruno, Pruno , Quatro Kush , Sex Grenade , Melonade #8, Root Canal #2
Blue Heron
Interdimensional Cable, OG Sin, Pancakes, Pruno, Street Urchin, Peking Duck #6, Root Canal #2
COS Confidential
Apple Fritter , Apples & Bananas , Double Deja Vu , Electric Lemonade , Horchata , Oreoz , Scooby Snax , Strawberry Guava , Triangle OG , El Chivo #4, Melonade #8, Muffinz Breath #1, Sugar Rush #2
Canna Cabinet
Apples & Bananas , Pancakes , Toxic Boo , Veritas Cookies , El Chivo #4, Item #9, Melonade #8, Muffinz Breath #1
CannaCo
Apples & Bananas, Cherry Diesel, Garlic Breath, Pancakes, Scooby Snax, Sour Diesel, The Sauce, GG #4
Cannabicare
Apple Fritter , Apples & Bananas , Cherry Diesel, Cherry Hills , Garlic Breath, OG Sin, Sherb Crasher, Sour Diesel, Durban Kush #8, El Chivo #4, Melonade #8, Muffinz Breath #1, Sugar Rush #2
Cherry Peak
Apples & Bananas , Electric Lemonade , Frozen Dessert , OG Sin, Pancakes , Street Urchin, Toxic Boo , Tres Leches , El Chivo #4, Item #9, Melonade #8, Muffinz Breath #1
Colorado Harvest Company
Apple Fritter , Apples & Bananas, Apples & Bananas , Big Bubba Diesel, Cherry Hills , Cherry Punch , Electric Lemonade , Frankenberry , Frozen Dessert , Georgia Pie , Horchata , Interdimensional Cable, Mac N Cheese , Marmot OG, OG Sin, OG Sin , Oreoz , Pancakes , Papaya Cake , Pruno, Pruno , Rotten Cherries , Sex Grenade , Snickerz, Sour Apple , Street Urchin, The Sauce , Toxic Boo , Tres Leches , Veritas Cookies , Apples & Bananas, El Chivo #4, INFVSED Scooby Snax, INFVSED The Sauce, Item #9, Melonade #8, Muffinz Breath #1, Peking Duck #6, Root Canal #2, Sugar Rush #2, Sunset Drive, Tart Pops #3
Dark Matter
Cherry Hills, Item #9, Sueno
EMJ's
Apples & Bananas, Big Bubba Diesel, Cherry Diesel, Scooby Snax, Snickerz, Street Urchin, Sunset Drive, The Sauce, GG #4, Peking Duck #6
Elevated
Electric Lemonade , Sex Grenade , The Sauce , Toxic Boo , El Chivo #4, INFVSED Sueno
Emerald City Wellness
Cherry Diesel, INFVSED Oreoz, INFVSED Sour Orange Zkittlez, Peking Duck #6
Green Dragon
Apple Fritter , Electric Lemonade , Horchata , Oreoz , Pancakes , Pruno , Toxic Boo , Veritas Cookies , El Chivo #4, Item #9, Melonade #8, Muffinz Breath #1
Green World Express
Apples & Bananas, Frankenberry , Mac N Cheese , Snickerz, Sour Diesel, Tres Leches , El Chivo #4
HERBS 4 YOU
Electric Lemonade , Sex Grenade , Root Canal #2
High Class
Cherry Hills, Item #9, Sueno

June 27, 2022

Veritas Fine Cannabis Closes Cultivation Facility, Lays Off Employees

THOMAS MITCHELL JUNE 23, 2022 10:19AM

Veritas Fine Cannabis was founded in 2017.

Veritas Fine Cannabis was founded in 2017.ย Scott Lentz

Veritas Fine Cannabis has closed one of its three growing facilities and laid off almost a quarter of its employees.

After rumors of Veritas layoffs began circulating on social media earlier this week, Veritas president Jon Spadafora confirmed the move.

"Having to close one of our indoor cultivation facilities and say goodbye to 33 incredibly talented and dedicated members of our team was truly gutting. As difficult as the decision was to move forward with the facility closure, we are focused on maintaining the rigid quality standards Veritas cannabis is known for and supporting our retail partners statewide," he says.

Veritas, one of Colorado's largest marijuana cultivation brands, began facing challenging issues along with much of the rest of the industry last fall.

"The current economic climate is a huge factor. When gas prices are reaching $5 a gallon or more and grocery store prices continue to climb, people are forced to adjust their household budgets โ€” but at least cannabis prices arenโ€™t rapidly inflating like weโ€™re seeing with other commodities," Spadafora adds. "This is good for cannabis consumers, but itโ€™s nevertheless challenging for industry operators, as sales volumes are also down in recent months."According to the state Marijuana Enforcement Division, the average wholesale price per pound of marijuana has fallen by almost 60 percent since January of last year, while monthly Colorado dispensary sales have decreased for eleven straight months on a year-over-year-basis. Veritas is one of a handful of marijuana businesses to publicly scale back in recent months; others include Pure GreensBonfire Cannabis and the ownership group behind Buddy Boy dispensaries.

Like other marijuana business owners and executives, Spadafora notes that more states have caught up to Colorado's marijuana shopping experience in recent years, and tourism dollars are declining as a result. Arizona and New Mexico are among the nineteen states that have legalized recreational pot, while Oklahoma's medical marijuana program is one of the most liberal in the country, with no cap on dispensaries.

"The status of todayโ€™s cannabis market is the result of a few events, one of which is certainly recent industry expansion. For the last three years, we have only known a market that did not have enough supply, so I think it is fair to say that many companies in the state expanded their capacity," Spadafora says. "Legalization in other states is having an effect as well. As cannabis becomes a normal part of many peopleโ€™s daily routine, the novelty of visiting a legal state wears off. Visitors probably purchase a smaller amount when they come to Colorado now, since they can also purchase when they get home."Founded in 2017, Veritas was an early branded, stand-alone growing operation in the state. The company previously grew marijuana for Cookies, one of legal marijuana's largest marijuana brands, but the two are no longer partners, according to both companies.

Olio extracts and Higher Grade, a chain of Denver dispensaries, share common ownership with Veritas, but Spadafora says that all three are separate business entities, and the recent moves "only affected Veritas operations." No further changes at Veritas are planned at this time, he says, adding that executive pay cuts and operational adjustments have also been implemented to save more money.

"While this has been a difficult week for our team, we are confident that the future is full of opportunities. The market will rebound, and the best operators will continue to produce amazing cannabis products," he concludes.

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