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New retail era begins in Colorado
The New Year began in unconventional fashion for retailers in Colorado where legal sales of marijuana by specialty shops are creating wide-ranging ramifications for other retailers.
Products with curious sounding names such as Trainwreck and Sour Diesel went on sales early Wednesday morning at shops in Colorado where residents can buy up to one ounce per day after voters in 2012 approved an amendment to the state constitution. A similar measure was passed in Washington state and stores there are expected to begin marijuana sales later this year.
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Whole Foods expands loan program
Whole Foods Market’s Local Producer Loan Program has reached the initial goal of funding $10 million in low-interest loans to local and independent food businesses, and has now committed an additional $15 million for a total of $25 million in funding.
The Local Producer Loan Program (LPLP) has provided 184 loans to 155 companies since its inception in 2007.