The sudden wildfires that torched more than 1 million acres across Oregon this month completely destroyed at least seven marijuana businesses and damaged at least dozen more, according to preliminary state survey data. Marijuana has rapidly grown into a major Oregon industry, with sales topping $100 million a month during the pandemic. Oregon sales were up […]
oregon marijuana
Oregon’s marijuana businesses face threat from devastating wildfires; 1 in 5 under some evacuation level statewide
Southern Oregon wildfires this week have plowed through small towns, leveled hundreds of homes and businesses and now threatens part of the state’s prized – and lucrative – outdoor cannabis crop. Statewide, an estimated 20 percent of state-licensed marijuana businesses – roughly 408 – face some level of evacuation, the Oregon Liquor Control Commission said […]
Oregon sees record breaking $89 million in marijuana sales in April
There is one bright spot in the economy: marijuana sales. In April, Oregon saw $89 million in legal marijuana sales. The Oregon Liquor Control Commission reports marijuana sales were up 45% in April, compared to last year, making April 2020 the largest month on record for the state. Proponents believe the coronavirus pandemic could be […]
Cura Cannabis will pay record penalty for ‘dishonest conduct,’ misrepresenting marijuana vapes
Oregon’s biggest marijuana company will pay a record $110,000 penalty to settle state allegations that it mislabeled its Select brand of vaping products, incorrectly claiming more than 186,000 vapes were 100% marijuana. The settlement includes a “dishonest conduct” sanction. The state has levied more than 100 penalties against recreational marijuana companies since Oregon began licensing […]
Let’s be blunt, Idaho. You’re buying a lot of marijuana in Oregon, and it shows
Idahoans are supporting Oregon’s economy in a major way: It’s where they’re buying marijuana, because it’s legal there but not here. “In things you cannot make up, Oregon sales per adult along the Idaho border are 420% the statewide average,” wrote Josh Lehner in a report released Friday by the Oregon Office of Economic Analysis. It’s […]
Oregon Marijuana Surplus a Cautionary Tale for Other States
Five years after Oregon legalized recreational marijuana, its lawmakers now are trying to rein in production, fearing the state’s big weed surplus will tempt some licensed businesses to sell their products out of state or on the illegal market. Such diversions could invite a crackdown from the federal government and cast a pall over the […]
Oregon has too much cannabis. Two laws may help the state manage its surplus
Matt Miller’s family has farmed pot in Oregon since well before it became legal. But since the market flooded after recreational use was approved by state voters in 2014, prices have plummeted, putting strain on the operation he runs with his wife, Rhea. Oregon’s lush climate and weed-tolerant culture have long resulted in large and […]
Behind Portland’s blockbuster marijuana deal: a Russian billionaire, cannabis consolidation
A billion dollars for a Portland marijuana company. It’s an astonishing figure. Last month’s deal for Cura Cannabis was the biggest acquisition in the history of legalized marijuana in the United States. It’s a sign of just how quickly the market is emerging. And that’s just the beginning of the story. Curaleaf, the Massachusetts company buying Cura’s […]
Oregon, awash in marijuana, takes steps to curb production
Oregon is awash in pot, glutted with so much legal weed that if growing were to stop today, it could take more than six years by one estimate to smoke or eat it all. Now, the state is planning to curb production. Five years after voters legalized recreational marijuana, lawmakers have given the Oregon Liquor […]
Oregon’s marijuana surplus not gloom and doom of booming market
The Oregon Liquor Control Commission at the end of January issued a study claiming there’s enough marijuana to supply the state’s recreational market for 6.5 years. The “2019 Recreational Marijuana Supply and Demand Legislative Report” stated the finding was in theory and stems from over-production. Brandon Krenzler and Erin Purchase argued just how theoretical the […]
