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 […]
oregon marijuana
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 […]
Oregon aims to create an export market for marijuana
What a difference a state makes. Last week cannabis industry watchers had their eyes on Idaho, where news broke about the Idaho State Police arresting a truck driver for transporting hemp across the border. That same week the state of Oregon held a hearing on a Senate bill that would eliminate the prohibition on interstate […]
Signs of maturity: Facts and figures for Oregon’s marijuana market, three years in
Oregon’s marijuana market is reaching maturity, more than three years into the state’s grand experiment. The once-illegal drug already has brought in more tax money to Oregon than expected. A robust industry has sprouted in Lane County. And marijuana production has led to jobs, hundreds of them in Lane County. These numbers help put pot’s […]
