Oregon

Fri
24
Apr

$10M requested for marijuana sales kickoff in Oregon

Economists predict $18 million in Oregon's first two years.

SALEM, Ore. (KOIN 6) — On Thursday, Oregon lawmakers asked for $10 million to get recreational marijuana sales underway in the state, following in the footsteps of Colorado and Washington. But KOIN 6 News learned the tax money generated by pot sales is expected to be much slimmer in Oregon.

As the first state with a full year of recreational marijuana sales, Colorado is the poster child for legal pot. Just last year, the state generated $700 million in marijuana sales — about half recreational and have medicinal.

Fri
24
Apr

OLCC prepares to deal with cash-reliant marijuana industry

The Oregon Liquor Control Commission, which will oversee the regulated marijuana industry, is already laying the groundwork for security improvements and an upgrade of its entry area in anticipation of the influx of cash from the marijuana industry.

Steven Marks, the agency's executive director, said Wednesday he expects to add a dedicated window where marijuana business owners can pay their cannabis sales taxes. Marijuana's prohibition under federal law has kept traditional banking generally off-limits to state-licensed growers and retailers.

"It's more of a public safety issue than people think about," said Marks. "There is a lot of cash floating around in this system and that cash is a source of problems."

Thu
16
Apr

Medical marijuana in Beaverton, Oregon: City's about to get its first dispensary

Medical marijuana dispensaries are starting to grow in the Beaverton area with the first to open in city limits soon.

Blooming Deal owner Tyler Walker thinks there's a market in the suburbs.

Cannabis Nation, doing business as, Blooming Deal is awaiting its Oregon Medical Marijuana Dispensary inspection next week and expects to open once the ink dries on its state marijuana license and it gets a Beaverton marijuana license, Walker said.

If approved, it will be the first such dispensary in the Beaverton city limits, but there are others just outside city boundaries including Growing Releaf, a dispensary west of Oregon 217 near Southwest Canyon Road.

Wed
15
Apr

To the Bitter End: The 9 States Where Marijuana Will Be Legalized Last

We know the end is coming, but pot prohibition is going to have to be undone state by state. Here are the ones least likely to jump on the bandwagon.

Marijuana prohibition in the US is dying, but it isn't going to vanish in one fell swoop. Even if Congress were to repeal federal pot prohibition, state laws criminalizing the plant and its users would still be in effect—at least in some states.

And it's probably a pretty safe bet that Congress isn’t going to act until a good number of states, maybe more than half, have already legalized it. That process is already underway and is likely to gather real momentum by the time election day 2016 is over.

Tue
14
Apr

Why buyers might not see pot-infused edibles on Oregon shelves until 2017

While Oregon’s first recreational marijuana sales are expected in early-2016, the retail program’s pot-infused edibles might not hit shop shelves until early-2017 if the Oregon Liquor Control Commission has its way.

In an April 1 letter to the lawmakers on the Joint Committee on Implementing Measure 91, the liquor commission made a case for delaying the sale for the edibles “due to concerns regarding the complexity of developing rules and procedures that would allow processors to safely produce edible products under the timelines described in Measure 91.”

Tue
14
Apr

How Marijuana Business Insurance might apply to the Sea of Greens Fire

With any Marijuana Business Insurance program, or any commercial insurance program for that matter, a lesson can be learned from the unfortunate fire of Seattle’s first legal marijuana farm, Sea of Green Farms. The lesson to be learned is always apply the ‘Golden Rules of Risk Management’ which are:

Tue
14
Apr

Top 10 Marijuana Industry Red Herrings

A red herring is “something that misleads or distracts from a relevant or important issue.” Sad to say the marijuana industry has more than its fair share of red herrings, including the ten that are most prevalent these days:

Tue
14
Apr

Legalized marijuana creating new business in Portland

Portland, Ore.— The legalization of marijuana is already beginning to reshape the economy in Oregon. Entrepreneurs are looking for ways to profit from products and services that support this new industry.

"Every day my scale, my business plan is constantly changing because I'm realizing the opportunity is much larger than I would have imagined," said Noah Stokes, founder and C.E.O. of OmniGuard Security.

Stokes has expanded his existing company by opening a new division 'CannaGuard Security' that specializes in protecting legal marijuana operations.

"In the industry, if you talk to anybody who grows, has been growing or is currently growing, they've all been robbed," said Stokes.

Tue
14
Apr

5 takeaways from Colorado's experience with marijuana-infused edibles

DENVER, COLORADO -- Andrew Freedman, Colorado Gov. John Hickenlooper's point person on marijuana policy, recently sat down with The Oregonian/OregonLive to talk about the lessons Colorado offers Oregon and other states grappling with how to regulate marijuana.

Freedman, a Harvard educated lawyer, talked about how the state has confronted challenges posed by the fast-growing marijuana-infused edibles industry, which last year accounted for about 45 percent of sales in the recreational market.

Here are five takeaways from the interview:

Tue
14
Apr

What's a serving of marijuana? Oregon to look into pot dosing, health effects

What constitutes a serving of marijuana? What's the effect of marijuana on breastfed infants, pregnant women, children and teens? How should Oregon address marijuana use among teens?

A new Oregon Health Authority  committee hopes to take up such public health questions as the state drafts rules for a new regulated marijuana industry that's set to launch next year. The agency plans to convene a Marijuana Scientific Advisory Committee to lend expertise to the Oregon Liquor Control Commission, the agency charged with regulating recreational cannabis.

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