Oregon

Thu
21
Jun

Oregon marijuana growers turning to hemp as CBD extract explodes

A glut of legal marijuana is driving Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet, one that doesn’t come with a high.

Applications for state licenses to grow hemp, marijuana’s non-intoxicating cousin, have increased more than twentyfold since 2015, making Oregon No. 2 behind Colorado among the 19 states with active hemp cultivation. The rapidly evolving market comes amid skyrocketing demand for a hemp-derived extract called cannabidiol, or CBD, seen by many as a health aid.

Tue
19
Jun

Pot company uses proceeds to help kids taken from undocumented parents

cannabis company in Oregon has teamed up with a dispensary to help kids taken from undocumented parents. Leif Goods will donate $1 for each of its chocolate bars sold at Farmaduring the next week. In the last six weeks, the Department of Homeland Security (DHS) has separated nearly 2,000 migrant children from their parents.

Thu
31
May

Oregon to pause accepting marijuana license applications

Faced with a backlog of applications for recreational marijuana licenses, the Oregon Liquor Control Commission says it will set aside any applications received after June 15 until the pileup is cleared.

The commission says it has issued almost 1,900 recreational marijuana licenses since April 2016 as well as almost 29,000 marijuana worker permits.

The agency says the pace of application submissions has not eased, causing the review process to lengthen.

To power through the backlog, the agency says it will temporarily shift employees to focus on renewals and applications that have already been submitted.

Wed
30
May

Oregon officials say state is overgrown with recreational cannabis

Oregon cannabis growers have been flooding the legal market with their plants. And no one can say with certainty how this will play out.​

The Oregon Liquor Control Commission, the state agency charged with regulating Oregon’s two-year-old legal cannabis market, has reported that growers in the state are producing far more recreational weed than is being consumed at the retail level.

According to OLCC data, licensed cannabis cultivators produced more than one million pounds of dry cannabis flower in 2017. But retailers sold only 108,330 of herb to consumers. That leaves an additional 891,000 pounds of weed in the market.

Tue
22
May

U.S. attorney says feds will put an end to Oregon's pot overproduction problem

State regulators have been unable to keep cannabis overproduction under control, and now the federal government is planning to intervene.

Mon
21
May

Nurturing cannabis in a world with shifting rules

In late 2017, the Oregon Department of Agriculture issued an alert that a new pest had been spotted feeding on a valuable crop. A kind of aphid, it damages and weakens plants and could even spread viral diseases, the alert said.

The creature, Phorodon cannabis, is also known as the cannabis aphid. “It appears to be a recent arrival in Oregon, and it is in the interest of all growers of cannabis to slow its spread,” the alert noted. The department has the bug on its list of cannabis pests, which includes four other species of piercing and sucking aphids.

Mon
21
May

Are Oregon's marijuana woes a precursor of what's to come in Canada?

The marijuana movement in North America is seemingly unstoppable at the moment. Mexico legalized medical cannabis in June 2017, 29 U.S. states have legalized marijuana in some capacity since 1996, and Canada stands on the verge of becoming the first developed country in the world to legalize adult-use cannabis by this summer. That's what I'd call a great recipe for rapid sales growth within the marijuana industry.

According to cannabis research firm ArcView in partnership with BDS Analytics, North American legal weed sales grew by 33%, to $9.7 billion in 2017 and they're expected to hit approximately $47 billion annually by 2027.

Growth like this is tough for investors to ignore, which is a big reason why marijuana stocks have ascended to the heavens.

Tue
15
May

Oregon cannabis growers turning to hemp as CBD extract booms

A glut of legal marijuana has driven Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet -- one that doesn't come with a high.

Applications for state licenses to grow hemp -- marijuana's non-intoxicating cousin -- have increased more than twentyfold since 2015, making Oregon No. 2 behind Colorado among the 19 states with active hemp cultivation. The rapidly evolving market comes amid skyrocketing demand for a hemp-derived extract called cannabidiol, or CBD, seen by many as a health aid.

Mon
14
May

'Hemp's the new gold rush': What happened when legal marijuana sent prices to rock-bottom

A glut of legal marijuana has driven Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet — one that doesn't come with a high.

Applications for state licences to grow hemp — marijuana's non-intoxicating cousin — have increased more than twentyfold since 2015, and Oregon now ranks No 2 behind Colorado among the 19 states in America with active hemp cultivation.

The rapidly evolving market comes amid skyrocketing demand for a hemp-derived extract called cannabidiol, or CBD, seen by many as a health aid.

The two-story building where he grew 200 pounds of weed a month sits nearly empty, and a greenhouse built to expand his pot business is packed with hemp plants instead.

Wed
09
May

Oregon: How do you move mountains of unwanted weed?

Oregon farmers have grown three times what their customers can smoke in a year, causing bud prices to plummet and panic to set in.

Arecent Sunday afternoon at the Bridge City Collective cannabis shop in north Portland saw a steady flow of customers.

Little wonder: a gram of weed was selling for less than the price of a glass of wine.

The $4 and $5 grams enticed Scotty Saunders, a 24-year-old sporting a gray hoodie, to spend $88 picking out new products to try with a friend. “We’ve definitely seen a huge drop in prices,” he says.

Across the wood and glass counter, Bridge City owner David Alport was less delighted. He says he’s never sold marijuana this cheap before.

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