What glut? Cannabis prices rise as oversupply worries ease in Oregon

Oregon legislators established a moratorium on new recreational marijuana producer licenses earlier this year to manage an oversupply of product in the state.

But not everyone agrees there’s an oversupply.

SB 218 authorized a producer moratorium through Jan. 2, 2022, based on a January 2019 OLCC study that said in part, “As of Jan. 1, 2019, the recreational market has 6.5 years’ worth of theoretical supply in licensees’ inventory accounted for and contained within Oregon’s Cannabis Tracking System.”

Some wholesale and retail outlets at an OLCC listening session in July in Ashland said they were having trouble sourcing quality product. They were also concerned that the moratorium was a short-term fix that would cause market swings with unintended consequences.


Oregon enacts temporary six-month Ban of flavored vape products

Oregon regulators enacted a six-month ban Friday on the sale of flavored nicotine and cannabis vape products in stores and online statewide amid an outbreak of illnesses that has sickened nearly 1,300 people nationwide and killed 26, including two people in Oregon.

The Oregon Liquor Control Commission, which regulates the recreational marijuana market, voted unanimously to approve the temporary sales ban on the same day that the Oregon Health Authority, which regulates tobacco sales statewide, filed the ban with the Oregon Secretary of State.


Oregon’s cannabis industry scrambles to respond to the vaping crisis

It is not hyperbole to suggest the vaping crisis is the greatest challenge the nascent cannabis industry has yet had to face.

As reports of severe lung illnesses related to vaping have spread across the country, including two deaths in Oregon, it's been a stark reminder that the federal status of cannabis as a Schedule I drug continues to make the industry susceptible to existential threats, like the parallel black market.


CBD processor suing Oregon farm over seed dispute

A CBD producer based in Lexington, Kentucky, is suing an Oregon company, claiming they were sold “worthless” hemp seeds that ruined what would have been a multi-million dollar crop.

According to Elemental Processing of Kentucky, this crop was “destined to help fulfill the country’s booming demand for CBD”. As stated in a recent survey, one in seven Americans are currently using CBD therapeutically, and that number continues to grow. 


A year into a resurrected hemp market, how are States handling it?

Since federal passage of the 2018 Farm Bill last December, interest in hemp farming has catalyzed a national industry reborn after decades of prohibition. Reports from state agriculture officials indicate that licensed hemp acreage for 2019 has more than tripled, with the number of hemp licenses issued having quadrupled since 2018. It is increasingly likely that the U.S. hemp industry will see more acreage planted this year than in 1943, the peak of cultivation during World War II.


Hemp licenses issued by State 2019

  • The 29 U.S. states having reporting licensed hemp cultivation acreage total nearly half a million acres in combined cultivation land area, a massive increase over 2018's combined U.S. total of just over 100,000 acres.
  • Colorado leads the nation in hemp cultivation and processing land area with over 80,000 acres reported.
  • Oregon, Kentucky, Tennessee, and Montana lead in hemp program expansion efforts.
  • Tennessee leads in total hemp licenses issued in 2019.
  • At least 70% of the 2019 U.S. hemp harvest is intended for extract production.
  • California is poised to be the top-producing hemp state for both conventional and organic production as thousands of acres have already been planted in 2019.

Kush hemp is the latest innovation in cultivation

Legal hemp in the U.S. has lawmakers and regulators in over their heads. Ironic to many in the heritage cannabis community, those who have recently been forced, politically or otherwise, to dive headfirst into managing legalization are learning a hard lesson: the end of cannabis prohibition is closer than they realize.

Taxonomically and scientifically classified within the cannabis genus, the hemp that President Donald Trump legalized with the 2018 Farm Bill is technically the same plant as marijuana (high-THC cannabis is now classified by the USDA as cannabis sativa L) which many have been duped into fearing for decades.


Testing lab in Oregon offering to evaluate vaping products for public consumers

An Oregon analytic laboratory is offering a new test for cannabis products to detect the presence of vitamin E acetate, an additive that has been implicated in the rash of vaping-related lung illnesses that have sickened hundreds and led to at least six deaths. Pixis Labs in Portland began conducting the test for consumers on Monday, according to a report in local media.


Oregon vaping death investigation centers on marijuana oil purchased from 2 stores

A middle-age Oregon resident who died from lung disease tied to vaping bought cannabis oil from two marijuana retail stores and investigators are now trying to find leftover product to analyze it, state health officials said Thursday.

It’s unclear if the person vaped products from one or both of the stores, said Oregon Health Authority spokesman Jonathan Modie. Nor do health officials know if the person altered the THC liquid or mixed it with a home-made product, Modie said.

Health investigators are trying to track the oil to figure out if or how it led to the resident’s death in July. Officials wouldn’t identify the stores where the victim shopped.


Wholesale cannabis prices rise in legalized States

The wholesale market for legal cannabis is marked by great regional variation, but the oversupply that has sent prices plummeting in Oregon and other Western states has not been able to dampen the general upswing on the national level. 


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