Oregon

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.

Fri
04
May

Oregon medical marijuana growers prep for state tracking

This summer, about 2,000 medical marijuana growers will need to start using Oregon’s Cannabis Tracking System to ensure the marijuana they grow for patients is tracked and reported, the Oregon Liquor Control Commission said Thursday.

This week, OLCC and the Oregon Health Authority launched a series of information sessions and workshops to help growers registered with the Oregon Medical Marijuana Program begin the sign-up process to use CTS.

Fri
04
May

Beyond THC and CBD: Meet the new cannabinoids on the block

Extraction tech is advancing, and the cannabis industry is just starting to discover and isolate the numerous cannabinoids found in the plant besides THC and CBD. Could delta-8 be the next hot trend?

Age-reversing eye creams packed with scientifically-selected cannabinoid ratios. A diet pill made from weed. Dabs that will never get you too baked.

This is what the future of cannabis looks like.

As the rest of the world catches up to CBD – one of the many compounds in cannabis that doesn't get us high – extraction specialists are delving deeper into the plant's chemistry by siphoning troves of lesser-known cannabinoids and infusing them into novel products.

Wed
02
May

Oregon: Marijuana Company of America and Global Hemp Group announce acquisition of 109 acres for hemp CBD production

Marijuana Company of America Inc. is pleased to announce that the Company, in partnership with Global Hemp Group Inc. has acquired a 109-acre agricultural property in Scio, Oregon (the "Property") for the cultivation of high CBD yielding hemp for the upcoming 2018 growing season.

This particular property was chosen as it has a history of hemp cultivation over the last two growing seasons and contains a high level of organic matter in the soil, which makes it ideal for hemp cultivation. In addition, the property has appropriate irrigation infrastructure that includes sufficient authorized water rights to allow for irrigated cultivation, which is expected to greatly enhance yields of the proposed high CBD hemp cultivars that the partners are planning to grow on the property.

Pages

Subscribe to RSS - Oregon