Oregon

Fri
07
Dec

Oregon marijuana sales soared 29 percent in 2018, so why aren't more entrepreneurs happy?

Let's start with the good news. Recreational marijuana sales in Oregon are far outpacing projections by state economists. In a recent economic report, the state’s Office of Economist Analysis noted the rapid changes in Oregon's marijuana business. They are now revising their tax revenue projections up to $26.8 million for the 2017-2019 period and up to $20.3 million for the 2019-2021 period. They also noted that further upward revisions are anticipated if current trends hold.

However, despite the growth in sales, the cost of marijuana itself has dropped 50 percent. Oregon takes in tax revenue as a percentage of the cost of the product. As prices have dropped, the state is taking in less revenue per item sold.

Wed
05
Dec

Oregon could vote on legalizing magic mushrooms in 2020

While the fight to legalize marijuana may not be over yet, some wonder what the next frontier will be in drug decriminalization. And if you live in Oregon, it appears the next fight will revolve around magic mushrooms, writes Joseph Misulonas. 

Wed
28
Nov

Lawmaker working on bill to allow legal pot cafés in Oregon

 

If you buy recreational marijuana at a pot dispensary in Oregon finding a place to smoke it legally can be a challenge, especially if you don't own your own home.

Supporters of a new proposal to allow marijuana cafés in the state say the current law also has racial implications.

Opponents of the plan say it's a public safety issue.

Wed
21
Nov

Oregon needs a separate state agency for legal cannabis

A report by the Oregon Cannabis Commission recommends that the state set up an independent state agency to regulate legal marijuana rather than having three different agencies share the job.

Marijuana is currently regulated by the Oregon Health Authority, the Oregon Liquor Control Commission and the Oregon Department of Agriculture but their responsibilities also include public health, alcohol and crop services.

The Statesman Journal reported Tuesday that it obtained the draft report through a public records request. The report says that having three agencies manage marijuana in Oregon creates confusion and each agency has a different mindset about how to address cannabis.

Thu
08
Nov

Six Oregon cities vote to allow marijuana business

Voters in six Oregon cities appear to have lifted or rejected bans on recreational marijuana businesses.

Ontario, Joseph, Klamath Falls, Gates, Sumpter and Clatskanie voted to allow recreational marijuana businesses within city limits, according to unofficial election results from the state Elections Division.

Voters in Joseph, Clatskanie, Ontario and Klamath Falls were overturning existing bans on recreational marijuana in those places.

Altogether, 29 local measures related to marijuana were on the ballot, according to an Oregon Capital Bureau analysis of the unofficial results.

Some communities had multiple measures relating to marijuana on the ballot, separating the question of whether to allow retail sales and to tax such sales.

Thu
08
Nov

Oregon: Ontario prepares for legal marijuana dispensaries after voters approve cannabis ordinance

Voters approved a resolution that will allow recreational marijuana dispensaries within city limits with a three percent tax on every sale. Even before election day potential owners started camping out in hopes of starting a cannabis dispensary on the Oregon border, the people camping out were happy to see the initiative past.

The city also anticipated the possibility of legalizing dispensaries by holding public meetings and listening to the citizens to put buffers in to protect residents.

Those buffers include dispensaries can't be within a thousand feet of parks and schools, 500 feet away from residential areas in a designated commercial or industrial zone and dispensaries can't be within 1,000 feet of each other.

Wed
07
Nov

Stem Holdings Inc. receives license for newly constructed cannabis cultivation facility in Oregon

Stem Holdings Inc. (OTCQB: STMH CSE:STEM), (the "Company" or "Stem") a cannabis real estate company specializing in acquiring and improving properties within the cannabis industry has received a license from the State of Oregon, Oregon Liquor Control Commission (OLCC) for its newly constructed cannabis facility in Springfield, Oregon.

"Stem is excited to unveil its center for cutting-edge cultivation in the state of Oregon," says CEO Adam Berk. "Our team has designed this property for highly efficient, craft cannabis production. We have carefully considered every detail, from plant propagation and cultivation to product distribution."

Mon
05
Nov

Medical marijuana cardholders decline in Oregon

Medical marijuana patients and growers in Josephine County and across the state are abandoning the Oregon Medical Marijuana Program.

Long considered a source of Oregon’s black market, medical marijuana is fast falling victim to a combination of red tape and a different kind of market force: the convenience of recreational retail sales.

“Medical could officially have a gravestone,” said Kit Doyle, who formerly sold medical marijuana but switched to hemp products through his business, the Murphy Hemp Company.

The number of patients registered with the OMMP is half of what it was a year ago. Statewide it dropped 41 percent, from 59,137 to 34,892. In the county it was almost 50 percent - from 7,027 to 3,540.

Wed
24
Oct

Oregon’s marijuana industry is creating more jobs than its tech sector

Oregon’s marijuana industry is adding more jobs to the economy than the state’s tech industry, albeit at a lower average wage rate.

Since 2007 – the beginning of the Great Recession – the economy of Oregon has added more jobs via the alcohol and marijuana industries than its popular technology sector, according to the state’s Office of Economic Analysis (OEA).

Mon
22
Oct

Portland reduces fees for cannabis businesses

Portland City Council recently passed a milestone in marijuana regulations when it voted to reduce fees for all cannabis businesses in the city. Already in effect, the new rules decrease the annual license fees from $4,975 to $3,500, as well as lower the cost of both the initial and renewal application fees, and allow all license types to defer payment for up to six months.

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